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TASER International Inc. Message Board

  • bestidea1000 bestidea1000 Jan 11, 2005 10:27 AM Flag

    FACTs about LENF!!!!!

    a) LENF only has 17 people (that's the toal) in the company.
    b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $300 million now.)
    c) LENF is so overvalued that's like TASR trades over $76 a share.
    d) LENF does not even have a good product to compete in the market place.
    e) LENF has kept losing money.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • a) LENF only has 17 people (that's the total) in the company.
      b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $203 million now.)-- remember there's only 17 people in the company
      c) LENF is so overvalued that's like TASR trading over $76 a share.
      d) LENF does not even have a good product to compete in the market place.
      e) According to LENF's quarterly report filed with SEC on 11/16, LENF only has $336,467 dollar of cash.
      f) LENF has kept losing money.
      g) LENF even does not have any decent agreement with a SINGLE police department!
      h) LENF's CEO, CFO is the same person (this is a bad sign).
      i) Insiders have been selling LENF even if LENF is about $3 a share ( go and check out the insider transactions yourself). The CEO has dumpped large amount of shares according to his SEC filing on 1/14/05.
      j) LENF's fair market value is $0.80 a share according to LENF's own 10QSB on 11/16/04: "11) ASSET PURCHASE AGREEMENT
      On June 3, 2004, the Company acquired from Audio Intelligent Devices, Inc. (a Florida based corporation), machinery and equipment and furniture and fixtures (utilized in the production of surveillance products) valued at $516,402. Pursuant to the agreement the Company paid $200,000 in cash, will pay the seller $10,000 a month for 34 months at a discounted interest rate of 5.0%. In addition, the Company entered into a purchase agreement with the sole stockholder of Audio Intelligent Devices, Inc. for intellectual property, trademarks, inventory, customer lists and related production equipment software in exchange for 2,400,000 shares of restricted Company common stock valued at $1,920,000 to the seller. Additionally, the seller has a put option to sell 1,200,000 shares back to the Company for $1.25 per share on August 1, 2005 and 1,200,000 shares back to the Company for $1.25 per share on August 1, 2006. This is considered a "put option" by the seller that must be exercised on the aforementioned dates. In order to exercise this right, the seller must make a demand in writing to the Company at least 10 days prior to the demand date. The fair market value of the shares issued on June 3, 2004 was $.80 per share.
      "
      It's amazing people buy a stock like LENF without knowing some basic facts about the company.After losing a lot of money on TASR, they still do not learn the lesson. It looks like LENF will go to $3 a share.

      It's likely that those pumpsters have been playing the "pump and dump" trick again after they have done with TASR.

    • Law Enforcement Associates Corporation Responds to NY Post Article and Restates Operational Highlights
      Monday January 17, 4:30 pm ET


      YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Jan. 17, 2005--Law Enforcement Associates Corporation (OTCBB: LENF - News), a surveillance and security technology company, responded today to reporter Christopher Byron's article that appeared in the January 17,2005 N.Y. Post.
      In commenting on the article, Paul Feldman, President of Law Enforcement Associates stated, "It was not only erroneous but contained serious mistakes of fact. It is obvious to us that Mr. Byron has an agenda that is not genuine. It was no coincidence that his article immediately appeared on our rival's message boards. To set the record straight, federal agents did not raid LENF. Furthermore, the Company doesn't even know most of the people he mentioned, most of whom pre-dated our involvement with the Company. The Company's filings with the SEC are up to date and accurate. All one has to do is read his vague reference to Orville Baldridge, a person unknown to the Company and a person who Mr. Bryon does not even remotely connect to the Company. Why is it that Mr. Byron spends his time on events which occurred before present management took control of the Company and doesn't even mention the Company's current products or revenues? This is just another attempt to discredit our business and reputation. All we can say to our investors and stockholders, is consider the source and to rely on facts, not unsupported innuendoes. Mr. Feldman added "I would like to extend an invitation to all current investors and potential investors to visit our company to see for themselves what we do and how we do it."

      About Law Enforcement Associates Corporation

      Law Enforcement Associates, Inc. (LENF.OB), headquartered in Youngsville, N.C., manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment. LEA currently markets to the Military, law enforcement, security and corrections personnel throughout the world, as well as governmental agencies, multinational corporations and non-governmental organizations. For more information on LEA, visit www.leacorp.com.

      The total orders placed with LEA since January 1, 2005 total $1,093,788.90.

      Law Enforcement Associates has a backlog of $2,306,990.70 in unshipped orders as of January 12, 2005.

      LEA reported fiscal 2003 revenue of $6,123,104.

      North Carolina Senator Anthony (Tony) Rand, John H. Carrington and retired Four Star General James Lindsay sit on LEA's board of directors. Mr. Carrington serves as the company's chairman.

      LEA maintains a 40,000 square foot manufacturing, research and development, distribution and training facility in Youngsville, N.C.
      -----------------------------------------------just the facts

    • a) LENF only has 17 people (that's the total) in the company.
      b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $203 million now.)-- remember there's only 17 people in the company
      c) LENF is so overvalued that's like TASR trading over $76 a share.
      d) LENF does not even have a good product to compete in the market place.
      e) According to LENF's quarterly report filed with SEC on 11/16, LENF only has $336,467 dollar of cash.
      f) LENF has kept losing money.
      g) LENF even does not have any decent agreement with a SINGLE police department!
      h) LENF's CEO, CFO is the same person (this is a bad sign).
      i) Insiders have been selling LENF even if LENF is about $3 a share ( go and check out the insider transactions yourself). The CEO has dumpped large amount of shares according to his SEC filing on 1/14/05.
      j) LENF's fair market value is $0.80 a share according to LENF's own 10QSB on 11/16/04: "11) ASSET PURCHASE AGREEMENT
      On June 3, 2004, the Company acquired from Audio Intelligent Devices, Inc. (a Florida based corporation), machinery and equipment and furniture and fixtures (utilized in the production of surveillance products) valued at $516,402. Pursuant to the agreement the Company paid $200,000 in cash, will pay the seller $10,000 a month for 34 months at a discounted interest rate of 5.0%. In addition, the Company entered into a purchase agreement with the sole stockholder of Audio Intelligent Devices, Inc. for intellectual property, trademarks, inventory, customer lists and related production equipment software in exchange for 2,400,000 shares of restricted Company common stock valued at $1,920,000 to the seller. Additionally, the seller has a put option to sell 1,200,000 shares back to the Company for $1.25 per share on August 1, 2005 and 1,200,000 shares back to the Company for $1.25 per share on August 1, 2006. This is considered a "put option" by the seller that must be exercised on the aforementioned dates. In order to exercise this right, the seller must make a demand in writing to the Company at least 10 days prior to the demand date. The fair market value of the shares issued on June 3, 2004 was $.80 per share.
      "
      It's amazing people buy a stock like LENF without knowing some basic facts about the company.After losing a lot of money on TASR, they still do not learn the lesson. It looks like LENF will go to $3 a share.

      It's likely that those pumpsters have been playing the "pump and dump" trick again after they have done with TASR.

    • a) LENF only has 17 people (that's the total) in the company.
      b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $203 million now.)-- remember there's only 17 people in the company
      c) LENF is so overvalued that's like TASR trading over $76 a share.
      d) LENF does not even have a good product to compete in the market place.
      e) According to LENF's quarterly report filed with SEC on 11/16, LENF only has $336,467 dollar of cash.
      f) LENF has kept losing money.
      g) LENF even does not have any decent agreement with a SINGLE police department!
      h) LENF's CEO, CFO is the same person (this is a bad sign).
      i) Insiders have been selling LENF even if LENF is about $3 a share ( go and check out the insider transactions yourself). The CEO has dumpped large amount of shares according to his SEC filing on 1/14/05.
      j) LENF's fair market value is $0.80 a share according to LENF's own 10QSB on 11/16/04: "11) ASSET PURCHASE AGREEMENT
      On June 3, 2004, the Company acquired from Audio Intelligent Devices, Inc. (a Florida based corporation), machinery and equipment and furniture and fixtures (utilized in the production of surveillance products) valued at $516,402. Pursuant to the agreement the Company paid $200,000 in cash, will pay the seller $10,000 a month for 34 months at a discounted interest rate of 5.0%. In addition, the Company entered into a purchase agreement with the sole stockholder of Audio Intelligent Devices, Inc. for intellectual property, trademarks, inventory, customer lists and related production equipment software in exchange for 2,400,000 shares of restricted Company common stock valued at $1,920,000 to the seller. Additionally, the seller has a put option to sell 1,200,000 shares back to the Company for $1.25 per share on August 1, 2005 and 1,200,000 shares back to the Company for $1.25 per share on August 1, 2006. This is considered a "put option" by the seller that must be exercised on the aforementioned dates. In order to exercise this right, the seller must make a demand in writing to the Company at least 10 days prior to the demand date. The fair market value of the shares issued on June 3, 2004 was $.80 per share.
      "
      It's amazing people buy a stock like LENF without knowing some basic facts about the company.After losing a lot of money on TASR, they still do not learn the lesson. It looks like LENF will go to $3 a share.

    • Taser's Unwanted Buzz
      By Seth Jayson (TMF Bent)

      Editor's note: This Take represents one writer's viewpoint and does not necessarily represent the opinion of The Motley Fool.
      The buzz began late last week. Word was, the SEC was looking into a couple of issues at Rule Breakers pick Taser International (Nasdaq: TASR). Specifically, the SEC wants to know more about the firm's safety claims for its stun guns and about a late-quarter sale that included 1,000 civilian-model Tasers sent to Davidson's Inc. The stock dropped almost 20% on Friday and is down another 11% today. And what's bad for Taser is, of course, good for the Pink Sheet wannabes such as Law Enforcement Associates and Stinger Systems.
      The firm released some verbiage aiming to diffuse the fallout of the SEC actions, noting that it would comply with information requests and defending its safety record. Moreover, it tried to dispel the talk of channel stuffing by reiterating that the Davidson's sale included no right of return.
      It's been a rough month for this high flier. In early December, the firm issued a preemptive strike against a Miami Herald article that didn't even exist yet. Next, it had to cope with fallout from its relationship with board member and failed Homeland Security appointee Bernard Kerik when it was disclosed that he engaged in some questionable behavior, none of it Taser-related -- unless you count recent, massive insider sales.
      Moreover, Taser sued nettlesome rival Stinger Systems on a variety of claims, many of them regarding its corporate status rather than the merits of any competing stun gun, vaporware or not. Unfortunately, a corporate culture that's desperate to maintain high growth is what may be reflected in a purchase order described by the New York Times Company's (NYSE: NYT) flagship publication in a Friday article. The $700,000 order on the last business day of the quarter carried the ominous distributor's postscript, "Hope this will help out!!!!!" Of course, as the paper noted, that document was provided to it by someone with a short position, so you know what his hopes are, but if it's real, this is a very, very serious problem.
      When this Fool stirs this all together, lets it ferment a little, and takes a whiff, he gets a snootful of something nasty. Smells to me like Taser is managing its stock price more than its product.
      That's hardly surprising, since Taser's stock really is the company's No. 1 product. Insiders sold more than $142 million worth of shares last year, with $92 million of the dumping coming in the fourth quarter, according to numbers confirmed with Taser by Gannett's (NYSE: GCI) USA Today. Think it's just a coincidence that this happens at the same time sales seem to have gotten tough? How much of your hard-earned money do you want to bet on that?
      Even if the timing is inconsequential, the scale is simply overwhelming. Compare that $142 million insider jackpot to Taser's revenue over the trailing four quarters: less than $60 million worth of gear. Sure, it's no Research Frontiers (Nasdaq: REFR), but the folks paying top dollar for those management stubs have seen their shares diluted by more than 20% over the same period.
      The traders have a word for those get stuck with shares when a former high flier comes crashing back to earth: bagholder. Though I've given Taser's valuation the benefit of the doubt in the past, I wouldn't be stuck holding this bag. I'm no longer sure that management is interested in leaving anything inside for the rest of us.
      For related Foolishness:
      Taser: probably not so Buffettish.
      Willing to cut Taser more slack than I am? We have something for you, too.
      Here's the picture a year ago.

    • going to be a sunny day tomorrow, everyone be up early to see the fun

    • a) LENF only has 17 people (that's the total) in the company.
      b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $203 million now.)-- remember there's only 17 people in the company
      c) LENF is so overvalued that's like TASR trading over $76 a share.
      d) LENF does not even have a good product to compete in the market place.
      e) According to LENF's quarterly report filed with SEC on 11/16, LENF only has $336,467 dollar of cash.
      f) LENF has kept losing money.
      g) LENF even does not have any decent agreement with a SINGLE police department!
      h) LENF's CEO, CFO is the same person (this is a bad sign).
      i) Insiders have been selling LENF even if LENF is about $3 a share ( go and check out the insider transactions yourself). The CEO has dumpped large amount of shares according to his SEC filing on 1/14/05.
      j) LENF's fair market value is $0.80 a share according to LENF's own 10QSB on 11/16/04: "11) ASSET PURCHASE AGREEMENT
      On June 3, 2004, the Company acquired from Audio Intelligent Devices, Inc. (a Florida based corporation), machinery and equipment and furniture and fixtures (utilized in the production of surveillance products) valued at $516,402. Pursuant to the agreement the Company paid $200,000 in cash, will pay the seller $10,000 a month for 34 months at a discounted interest rate of 5.0%. In addition, the Company entered into a purchase agreement with the sole stockholder of Audio Intelligent Devices, Inc. for intellectual property, trademarks, inventory, customer lists and related production equipment software in exchange for 2,400,000 shares of restricted Company common stock valued at $1,920,000 to the seller. Additionally, the seller has a put option to sell 1,200,000 shares back to the Company for $1.25 per share on August 1, 2005 and 1,200,000 shares back to the Company for $1.25 per share on August 1, 2006. This is considered a "put option" by the seller that must be exercised on the aforementioned dates. In order to exercise this right, the seller must make a demand in writing to the Company at least 10 days prior to the demand date. The fair market value of the shares issued on June 3, 2004 was $.80 per share.
      "
      It's amazing people buy a stock like LENF without knowing some basic facts about the company.After losing a lot of money on TASR, they still do not learn the lesson. It looks like LENF will go to $3 a share.

      It's likely that those pumpsters have been playing the "pump and dump" trick again after they have done with TASR.

    • a) LENF only has 17 people (that's the total) in the company.
      b) LENF's assest is about $4.6 million for the WHOLE company (The company's market cap is over $203 million now.)-- remember there's only 17 people in the company
      c) LENF is so overvalued that's like TASR trading over $76 a share.
      d) LENF does not even have a good product to compete in the market place.
      e) According to LENF's quarterly report filed with SEC on 11/16, LENF only has $336,467 dollar of cash.
      f) LENF has kept losing money.
      g) LENF even does not have any decent agreement with a SINGLE police department!
      h) LENF's CEO, CFO is the same person (this is a bad sign).
      i) Insiders have been selling LENF even if LENF is about $3 a share ( go and check out the insider transactions yourself). The CEO has dumpped large amount of shares according to his SEC filing on 1/14/05.
      j) LENF's fair market value is $0.80 a share according to LENF's own 10QSB on 11/16/04: "11) ASSET PURCHASE AGREEMENT
      On June 3, 2004, the Company acquired from Audio Intelligent Devices, Inc. (a Florida based corporation), machinery and equipment and furniture and fixtures (utilized in the production of surveillance products) valued at $516,402. Pursuant to the agreement the Company paid $200,000 in cash, will pay the seller $10,000 a month for 34 months at a discounted interest rate of 5.0%. In addition, the Company entered into a purchase agreement with the sole stockholder of Audio Intelligent Devices, Inc. for intellectual property, trademarks, inventory, customer lists and related production equipment software in exchange for 2,400,000 shares of restricted Company common stock valued at $1,920,000 to the seller. Additionally, the seller has a put option to sell 1,200,000 shares back to the Company for $1.25 per share on August 1, 2005 and 1,200,000 shares back to the Company for $1.25 per share on August 1, 2006. This is considered a "put option" by the seller that must be exercised on the aforementioned dates. In order to exercise this right, the seller must make a demand in writing to the Company at least 10 days prior to the demand date. The fair market value of the shares issued on June 3, 2004 was $.80 per share.
      "
      It's likely that those pumpsters have been playing the "pump and dump" trick again after they have done with TASR.

    • Every time you've posted this message, TASR has gone down. Just go on, next time TASR probably turns red

    • The Law Firm of Lasky & Rifkind, Ltd. Announces Class Action Lawsuit Against TASER International Inc.
      Friday January 14, 9:07 am ET


      NEW YORK--(BUSINESS WIRE)--Jan. 14, 2005--Lasky & Rifkind, Ltd., a law firm with offices in New York and Chicago, announces that a lawsuit has been filed in the United States District Court for the District of Arizona, on behalf of persons who purchased or otherwise acquired publicly traded securities of TASER International Inc. ("TASER" or the "Company") (NASDAQ:TASR - News) between November 4, 2004 and January 6, 2005, inclusive, (the "Class Period"). The lawsuit was filed against TASER and certain officers and directors ("Defendants").
      If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at investorrelations@laskyrifkind.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than March 11, 2005 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel.

      The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges Defendants issued a series of materially false and misleading statements because they failed to disclose that contrary to Defendants' representations, studies conducted on the Company's TASER devices were inconclusive as to the safety of the devices, that the Company's revenues and earnings would be negatively impacted once the truth became known, that the "last minute" order of TASER devices the Company received from one of its distributors was done to help the Company meet sales goals.

      On January 6, 2004, after the market closed, Defendants indicated that they had received a letter from the Securities & Exchange Commission announcing that the regulator had begun an informal inquiry regarding the Company's statements concerning the safety of its weapons as well as a recent order received from one of its distributors. Shares of TASER fell dramatically, shedding $4.90 per share, or 18% in very heavy trading.

      If you bought TASER securities between November 4, 2004 and January 6, 2005, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (800) 495-1868 to speak with an advisor.



      --------------------------------------------------------------------------------
      Contact:

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