Replies to post #1157 on Leet Technology Inc (LTES)

[Fyreball27]

Make sure you read the attachments to the right of the site--you will find the info

BDIC-O/S Common Stock Exchange-CEO Laurence Wainer Commits to Exchange Common Stock for Non-Trading Preferred Stock

[Sobek]

Here's the news links explaining the details of where the company is on it right now. It took a little over a month to get the CEO's preferred placement done.

http://www.otcmarkets.com/stock/BDIC/news/BDIC-O-S-Common-Stock-Exchange-CEO-Laurence-Wainer-Commits-to-Exchange-Common-Stock-for-Non-Trading-Preferred-Stock?id=150660&b=y

http://www.otcmarkets.com/stock/BDIC/news/2-700-Total-Units-Delivered--amp--Deployed----1-000-New-Units-under-Production---Company-Update-from-the-CEO?id=152882&b=y

Here's the 8-K announcing the CEO's preferred non convertible position and his 8 million share lockup agreement.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11933060

Current o/s is 18.6 million, less the 8 million shares locked up, puts the o/s potentially right around 10 million AFTER those shares are returned.

[Sobek]

As far as where the pps will be by EOY is anyone's guess.

I'm speculating because they have funding for another 1,000 units and didn't mention their lender, there may be a setback on further lending through the Doheny Group (their lender).

I could be wrong but it just came suddenly and right after the Doheny Group were dicks about the share reduction and so far, those 1,000 units appear to be the only ones slated for next quarter.

Maybe the lender got pissed because the CEO refused to increase their percentage of ownership through a preferred placement when he presented the share reduction? Maybe the CEO sees they don't need to continue with them and sees better opportunities on the horizon? There hasn't been another SPA filed or mention of another lender so maybe they're using profits??? Maybe they built up a little credit with their supplier??

I really don't know and can't say but if they are using profits and maybe a little credit w/ the supplier, we might hit a slow period. They should still get more units out, just not as fast as opposed to if their lender doubled down on the million dollars they already gave them.

We hit a slow period last summer also, the only difference is now the company should be cutting a profit.