Replies to post #333 on Leatt Corporation, Inc. (LEAT)

[motoman]

I've talked to their IR person several times in the past month. He's telling me the numbers for 08 are supposed to be released by the middle of January. The company makes a pile of money, and has no debt to speak of. My guess why they aren't releasing the numbers is because they're very good. Leatt has become a company where the owners are wishing they had never taken it public. They're probably negotiating selling to someone, maybe a hedge fund or someone else in the industry. The common shareholders will probably make some money, but not the amount they should. The owners will walk away with a much sweeter package, and Dr. Leatt will get his 5% royalty fee to whoever purchases it. Bad deal.