Laser Energetics, Inc. (LNGT)

[Dazzler]

TASR has many business problems to resolve. The lawsuit in Canada has now lead to UK and France holding back on new orders and now there are US police forces placing restriction on Taser use. I suspect they dropped the lawsuit because they have too many other issues to deal with and spend their money on. TASR only have 52M cash and the insiders only hold $14M worth of stock. So although a LNGT buyout is a possibility I doubt LNGT would be interested in such an offer once a order comes in. At 150M shares in the float, TASR only has enough cash to pay less than $0.25/share for the company (and remember needs their cash to defray SG&A costs of their current company payroll and structure in an environment where their revenue and margin is shrinking).What is more likely happening is TASR learned that LNGT cannot be intimidated or financial broken through a frivilous lawsuit.