Dr. Frost is engaged with both ROX (43M shares) and NIMU as a large holder. Both companies are down dramatically today- ROX is off almost 10% and NIMU almost 20%. Anyone sees a correlation?
News flash. We've all made untold piles of $$. LLTI was probably one of the leading equities on a down market day and has managed to increase its share valuation by $.0128. I'm wondering where to go out and celebrate. I guess b all rights it should be a Mexican restaurant with Dos Equis (sp?) beer.
All right!!!!!! The momentum trade stock of the day ...what a minute- oh no. We're back to a more pedestrian $.083...shocking....glad the Mexican "deal" has had such an impact.
So, at first glance you might say, "All right! The Mexican VerifyMe approval must be the reason for the move up and we're on a roll baby!" Then you go to your favorite live trading site and it's clear that the transaction in question was for the sum total of $99 (plus traction costs) and the bid/ask on the next trade will trend the share price lower again. Bottom line is without a contract/revenue stream announcement the nickle and diming will go on forever. Yes magro, you're stuck with me until the end of 2014 as either moving into your happy camp of those with great expectations or looking for the best time to dump my shares at the painful loss.
Will this finally be the breakthru we've all been waiting for? The story once again seemed solid except for missing the key element of any contract/revenue reference. The explanation of the modest expense, 3 facet authentication process and adaptability to multiple segment of business needs, as usual, sounded like a real meaningful solution. But, we've been teased before...
Hey guys- today's 31,000 share trade turned out to be about a $2,300 transaction or not far from the LLTI total revenue for fiscal year 2013. Cool comparison. I better keep my comments on the down low- wouldn't want to wake up our sales/marketing team.
Hey frnk- don't forget about me. I to am appalled by the 10K I just read. For a bit of clarification though, I must point out that $8.5M of the $9M you refer to appeared to be option grants to be exersized in the future but had to be appropriately valued. What stood out to me was the deplorable efforts of our sales and marketing "team." The payroll expense for this group of solid professionals was a bit over $260K. In return for that remuneration, they generated a whopping $3,140 cash dollars in revenue?? How can any company with plush new offices in our nation's capitol possibly manage to total such a measly sum? Why, a solid hot dog cart would run rings around our collective effort. As frnk mentions, the joke is on us and I for one am embarrassed to have been drawn in like some novice investor. And yes Magro, I will post from time to time if inclined to do so. But I'll also say this- if the share price ever climbs to the mid-$.20's with meaningful volume, I'll be the first to dump my shares on some other unsuspecting victim.
I guess the only thing we disagree on is the inability of LLTI to offer up anything of consequence in terms of even a guesstimate of valuation of any of their myriad contracts being as their a leader in the industry.
Are you referring to the Safe Harbor forward-looking statements part of the law? In my view, that is used prior to releasing information during an earnings call with analysts or a release to the general public that reminds all that these projections are subject to modification based upon unforeseen circumstances. So, am I missing something or what is your point here?
Magro- I must admire your sensibilities. How many times will the investing world be subjected to nebulous statements like..."we're confident LaserLock's pigments are going to CONTINUE to become THE SECURITY FEATURE OF CHOICE for governments around the world.' That is the type of irresponsible, wishful thinking missive that made me and others actually believe that this company was way ahead of its present standing. Maybe it's just me, but I have indeed invested in micro-caps- and still have a few- where the companies discuss their finances, their revenue streams/projections, their marketing strategies and their customers in a definitive manner. If you truly believe that this company has been forthright in their description of their status in the industry, good for you. When I hear the term "leader in the industry", I immediately equate that with a reputation for demonstrated success that has led to contracts and expanded markets. Do you believe that to be the case here?
Wait- good news about a product launch to protect Id in the Dominican Republic! Surely this will lead to an up day for LLTI. Oops...down 11% on the "news." Frustrating? Yep. Perhaps if they said something like, "This new contract will lead to XXX revenue stream that will finally allows us to break into profitability by the end of the fiscal year." Instead, nebulous and essentially unmeasurable P/R releases just make the investing community chuckle.
frnk- During my break from the NCAA's (I'm a St. Joseph's, Philly Big 5 and therefore an A10 fan- loved the Dayton knock-out of Ohio State), I read your post. You're spot on- I'm a sucker for having believed any of the hype this company has been spewing which is while I enjoy venting on this site. My periodic missiles to management have never been responded to even despite using their contact method and the comments, while critical, were civil. In short, I wish I'd never even heard of this company. But, in the end, I have to take full responsibility for my wanting to believe them. It still does not absolve them from being slick, snake oil salesmen.
Magro- I'm going to harvest my Laserlock losses in tax year 2014 so you'll have to put up with my observations of ineptitude for most of this year. I'm pretty angry about the way this management team has been able to accomplish what would appear to be absolutely nothing during fiscal year 2013. It appears that what were to have been key BOD members have been either discouraged or simply realized they had nothing to offer. Either way, it speaks to the smoke and mirrors marketing approach that has done nothing more than describe this company as a leader in the growing field of anti-counterfeit systems. Why these highly recognizable people were brought in the first place is highly suspect and simply adds to the irritation. You sound like someone who bought shares in this company at a very low price and I wish I could say that as well. I did buy at differing price points but am well in the hole at this juncture. I sort of feel like we've been mislead- sort of like the actions of that TV sales pitch guy who just picked up a 10-year jail sentence. I know BUYER BEWARE but integrity beware should enter into things somewhere.
2 huge trades totaling just over $1,000 in total value. Amazingly, the price range today has gyrated from $.0753 all the way up to $.0754. Talk about risk taking and volatility. I better go have a beer to settle my nerves.
Wake me up. I've been in a day-long trance looking at the continuous mostly red flashing of the huge volume of trades crossing my desk. How can they keep of all the shares changing hands?