For what its worth
I emailed Dirks on 9/8 and this is the reply I got. (hope I don't piss someone off for posting this, but at this point does it matter?)
Hi - Thanks for your questions and comments . In answer to your questions, my colleague, Mike Little, and I have known LNGT for about 4 years also. We agree that they have not delivered on their objectives in the past, and no meaningful sales developed in spite of optimistic forecasts. However both Mike and I believe, as a result of several visits to the company's headquarters near Princeton, New Jersey and many other meetings with the top management, members of the Board of Directors, and people on the Scientific Advisory Board, that major orders will be obtained soon, followed by announcements - and that these laser- related developments are proprietary and patent-protected for the most part - and that these orders will fuel growth in revenues to a $30 Million annual rate sometime next year (2012). We think scientific breakthroughs have occurred in laser technology for use in several industries - not only for non-lethal weapons for use in the U.S. and abroad, but also in the healhcare field in more than one important area. Lately, management has focused on solving the past capital (cash) problems and on building manufacturing and production capabilities. Within a year or so, as profit margins develop favorably, we think that the market capitalization could reach $300 Million to $400 million as institutional and high-net worth investors become aware of LNGT's progress. Thank you for your interest, and let's keep in touch - Ray Dirks -
