Leatt Corporation, Inc. (LEAT)

[pungushe]

As far as I understand, the only thing that Leatt Corp doesn't own are the Leatt Neck Brace patents, which are owned by Xceed Holdings.

Leatt Corp. are allowed to use the patents to design, manufacture and sell braces all around the world and does this through its wholly-owned subsidiaries, Two Eleven, Three Eleven and Leatt New Zealand Limited.

So they don't own the patents, (Dr Leatt does, I think, which entitles him to royalties from brace sales). This doesn't mean that they are a bad company to buy shares in. When they do sell enough braces to make a profit, that profit is Leatt Corps (and hence the shareholders).

Since Dr Leatt holds the majority of shares in Leatt Corp., I'd imagine that it's in his best interests to make the company worth something and not just live off the royalites. However, he's made a lot of money already from the royalties, so maybe he's happy with that. Who knows?