LOUISIANA FOOD CO (OTC:LUSI) Crashed Hard Despite Promotions and News by Nelly Shishkova Sep 17, 2011
All of a sudden, LOUISIANA FOOD CO (OTC:LUSI, LUSI message board) crashed down hard. After an impressive loss on Wednesday, followed by a LUSI_chart1.pngsmall gain on Thursday, yesterday the stock lost 20.77% of its price on a traded volume exceeding 520 thousand shares. However, what is more interesting about the loss is that it happened despite promotions and news.
According to the records, LUSI was promoted on Sept 15 for a compensation of $2.500. On the same day, its price increased by 8.33%, though the gain lasted only for a day.
Along with the campaign Louisiana Food issued a press release stating that it has signed a letter of intent to acquire Mossy Bayou Foods, the second South Louisiana food manufacturer with regional distribution. However, even the positive news failed to hold the climb.
LUSI is engaged in locating, developing and commercializing food-related business opportunities in Louisiana, USA. Last month, the stock was intensively promoted as well, though only short-term gains were registered.
LUSI_logo.pngAt the same time, the company's unaudited 10-Q report is not inspiring at all. As of June 30 this year, LUSI has registered:
LOUISIANA FOOD CO (OTC:LUSI) Climbs Again on Promotions by Nelly Shishkova Oct 5, 2011
After a number of losses over the past week, LOUISIANA FOOD CO (OTC:LUSI, LUSI message board) got the climb again. Yesterday, the stock price LUSI_chart2.pngjumped 61.29% up and its traded volume notably increased. The gain may have only one reasonable explanation - promotions.
LUSI was promoted yesterday by stocktwiter.com for a compensation of $15.000, paid by Acer Communications, Inc. The campaign was held in order to pump up LUSI stock price, and apparently it succeeded.
LOUISIANA FOOD is engaged in locating, developing and commercializing food-related business opportunities in Louisiana, USA. Apart from the yesterday alert, no news on the company can be found these days. The last announcements on LUSI came up about ten days ago reporting its new pasta sauce, followed by a new packaging for the company's best-selling product. Though, since then no news on LUSI was released.
At the same time, the company's financials remained the same as recently reported:
* $479 current assets * $4,755 current liabilities * $15,560 net loss * $863 revenues
Apart from these numbers, the company has incurred a huge accumulated deficit during the development stage, as well as a working capital deficit.
Management believed that their actions were going to enable LUSI to meet its working capital needs through September 30, 2011. Though, September is over now and there is no further information on the company's business.
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