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  • hank_pauls_son hank_pauls_son Nov 4, 2013 8:26 PM Flag

    Laserlock Agreement With Citigroup CC Division

    I was told LaserLock Technologies (OTC: LLTI) has signed an agreement with Citigroup Credit Card Division for use of Laserlock's patented ink changing technology. Citigroup negotiated for exclusive rights to utilize the process in exchange for a payment to the company of $346.96 per calendar quarter.

    LaserLock commented that this will result in a substantial leap in revenues and therefore intends to introduce to shareholders present at the annual meeting a motion to grant management additional options at a cost basis of zero.

    The guy also said that LaserLock was so overjoyed that they seemingly overlooked a provision saying that LaserLock would be liable for any allegations of fraudulent activities Citigroup might face in the event use of such credit cards might be involved with questionable mortgage backed securities or similar types of issues Citigroup faces in the normal course of business.

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