Leatt Corporation, Inc. (LEAT)

[RoyalShmily]

There is more hidden in this story, to be sure! Good find and post - I am assuming you have been watching the story closely.

The past history of this stock was riddled with messes like this, it seems - and this is still aftermath of the "SEC Investigation".

There will never be a true explanation of this - there are 3 sides to this story, too.

What I do know is that the stock has flatlined for years, now, while all this has been settled, and there have been substantial accounting changes within.

The share price can't go much lower, anyway, realistically.

The crappy thing has a market cap of 5 million and revenue of 10 mil plus - including paying taxes and profit.

a P/E of 0.5 can hardly be punished much more. Give it the P/E of any normal company (the product deserves this, does the management?) - but this is pretty ridiculous.

LEAT is pretty unique, though - so who knows?

"Saving lives every day - and yes, the stock tanked again."