Replies to post #4113 on lev$elevator (LEV)

[PaddyOmalley]

They raised the a/s to 6 billion

[DocLopez]

This is what I wrote on FEEL back on 01 August 2011 on the FEEL board. Of course I got a PM from someone on the FEEL board telling I was way off, I was misleading, etc...

BeachBum,

Need your thoughts on this company. It seems to have too much debt at high interest rates and will need to take on significantly more debt in the near future. In a addition they issued more stock and they are using it to pay their vendors and consultants. They issued Preferred stock after the financial's which will/did make them take a $3 million hit to the income statement (next report). The preferred stock is going to the officers of the company. Also they are now branching out into fishing equipment when they had started the company for golf equipment. I don't think they have a clear business plan and it appears they are only trying to enrich the officers and insiders to this business. There are too many related parties and too much debt for my liking. But seeing as how I value your opinion I was just wondering if I am being a little too skeptical/critical?

Respectfully,
-Rudy