Replies to post #334 on Leatt Corporation, Inc. (LEAT)

[pungushe]

Middle of January isn't to far away so it will be interesting to see whether the IR man is full of s#¤% or not...

If they are working on a deal to sell the whole company, I really hope they ask for a decent price. If they doubled their sales from last year, they could easily have made $10 million profit in 2008...PE of 10 and that's around a dollar per share. Add in some future growth and the estimated value of the patent and they shouldn't sell for anything less than $1.50 per share.

I bought mine at an average of 26 cents, so right now they're not looking pretty. Here's hoping...