Leatt Corporation, Inc. (LEAT)

[pungushe]

Got an email from the new IR guy last week.

He said a number of different things, which were not all that helpful. He did say that they are going to post a letter to shareholders on their webpage this month which should answer some of the questions we all have.

He also said that they are well aware of the fact that their shareholders want the liquidity of the stock to improve and are working on it. As for listing on a better exchange, he said that that can cost 250 000 to 1 million dollars per year and that the company is trying to work out whether that is in their best interests.

Ladenburg Thalmann and Co have applied to be Leatt's market maker. Is that a good thing?

I also asked him about the Leatt's old IR company and he basically said that they are a bit expensive for what the company requires from them right now, that's why Richter and co have taken over IR.

I've had shares in this company since June 06, but am still semi-patiently waiting for them to get their act together. They way I see it, our investments are pretty safe, even though that's not reflected in the share price at the moment. This company is worth way more than 6 cents per share, even based on 2007's numbers.