Leatt Corporation, Inc. (LEAT)

[motoman]

If you read the financials from last year very close, it will concern you.

Why do I think they're going to take it private? Several reasons.

1. Why would an upstart company, with no debt, huge sales increase, 80% of stock owned by insiders, allow it's stock to sell for .05 per share. With no volume to speak of.

2. Year to date they have yet to even release sales figures.

3. Look at the number of authorized shares that could be put into circulation, if the company became cash strapped. They obviously aren't, but was a concern when the company first started.
4. Way too many shares, way too many. Why wouldn't they just do a reverse stock split 5/1 to raise the share price?