Leatt Corporation, Inc. (LEAT)

[Rallyboy]

Please tell me what you think!

I was reading over the audit from last year and something struck me for the first time. In the audit it says there is a company called Leatt Holdings controlled by Dr Leatt the founder that ownes the patents and rights to the leatt brace.

My question is thus the following as it would appear from this statement, that people who have bought stock in leatt corp have only abought into a distribution system because if leatt corp pays for the patents and development yet does not own the patents then what have we invested in?

Another thing, further down the audit it says that leatt holdings gets a 5% royalty of nett sales so what this means then surely is holdigns gets a royalty independant of the profit ie even if leatt corp makes zero profit leatt holdings still gets a royalty, now thats an interesting case, wish i was part of that scheme!