Laser Energetics, Inc. (LNGT)

[Givntake83]

I would like to point out something. If you go to Beryl Wolk's site you will see that he forms Joint Ventures with different companies. Sales are tracked by those companies and Beryl is paid on those sales. That is significant because it costs LNGT next to nothing initially and in return they get all the benefits of Beryl's huge marketing company and experience. As the Joint venture flourishes, everybody gets paid, including us longs. To have the backing of Beryl Wolk is a huge vote of confidence in the ability of this company to succeed and prosper. This is very good news indeed! That being said, it will still probably take a contract or two being signed before we see the breakout we are all hoping for. On the IceMan site he mentions this morning that LNGT has '...so many contracts pending...'. Things are in the works. Beryl wouldn't back this unless they could show him some real potential.
Also in one of the CC's I listened to, Mr Battis was talking about the upcoming financing. He was looking for 10 million and somebody asked him if that would be done by issuing more shares. He said that they were highly confident in future sales and that at least half that amount would be done through debt financing. In other words, the banks liked what they saw as far as potential future sales and were willing to lend LNGT at least 5 million against future success. Another great vote of confidence!

There is a lot going on beneath the surface and its all good!
Hang tight!