I don't know much about LSTG. But this notice of a deal with a Marshall Islands company with no web history is suspect.
Note this 8-k http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8120182 where they say they paid $300k cash and shares to get a mining concession. But their 10-Q shows little cash. So, how did they do this deal? Or did they?
And there is no way the current market cap is even close to being justifiable. You might note that it appears the price is totally artificial http://ih.advfn.com/p.php?pid=historical&symbol=LSTG See that it barely traded and was last at .80 before the volume tiook off on 8/15. Since then, it's only up 50% or so, and on only a tiny fraction of the total o/s. I'd say the price is being manipulated.
This shows they had only 9 shareholders a while back....and did a 20-1 foward split. http://www.otcmarkets.com/stock/LSTG/company-info
Why did they do that? Cause penny investors don't like small o/s companies? Surely it didn't trade at $16 a share before the split? It was a shell, and may not have traded at all.....
It appears to be a pump, based on the company's insinuation that they were an attractive buyout target for GG and others. Nothing could be further from the truth.
The SEC should and could shut them down for their claims of huge value with nothing to back them up.
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