L International Computers, Inc. is a in public listed firm on the pink sheets below inventory image LITL. In response to a current press launch, the corporate designs, manufactures, markets and distributes high-performance, princely PC/Home windows© laptop computer, desktop, workstation and server computer systems.
Additional, the corporate states it in addition produces the biggest and most spectacular private & trained visible shows in addition to ultra-high efficiency
software program
program, peripherals, and private electronics applied sciences.They declare to be the "absolute and no-contest highest efficiency/upper-class {hardware} options
supplier, at any given value level". May they may very well be the resultant Dell?
On August tenth, 2006 the inventory of L International Computers, Inc. closed at $0.29 with no quantity. On August thirty first, 2006 the inventory listed as excessive as $1.85 and closed at $1.40 on greater than 10 million shares.
Why all of the investor pleasure?
a) A press launch issued on September 1, 2006 pronounces its next-generation PuRam-Go™/PuRaid™ Extremely-Moveable High-Pace Strong
State Drive
Expertise.b) A press launch issued on August 30, 2006 pronounces the Metropolis because the World's First 19 Laptop computer Pc That includes Nvidia's Quad-SLI Expertise; High-Finish Graphics, Gaming and
Skilled Visible
Computing to Be Free of the Desktop Field.c) A press launch issued on August 23, 2006 introduced that L International Indicators $45m European Distribution Settlement; Breakthrough Deal Solidifies Company World Advertising and Gross gross sales Methods.
Nice press releases, nonetheless is there any substance? Maybe buyers must be targeted on the next objects:
a) In response to many commerce journals and clauses, the corporate ab initio launched its applied sciences in 2003. Now we have been unable to seek out any medium of exchange statements indicating their gross gross sales, earnings or losings since that point. The firm states it should launch medium of exchange statements someday throughout the resultant few months. As a pink sheet firm, they're below no obligation to offer buyers with up up to now or correct data.
b) In an clause written on October 14, 2004, the corporate was quoted as saying: "We're not ready, from a medium of exchange standpoint, to proceed doing enterprise and are alas pressured to droop our operations and liquidate our property in help of our medium of exchange obligations."
c) In a name made to the corporate earlier in the present day, the corporate acknowledged that it had shut advertising down about eight months in the past as a result of expertise upgrades and plans to re-open in about three to 4 months.
d) Who's Microscan International? They allegedly positioned a $45 million order to purchase product from L International. Nonetheless, a fast google.com search yields altogether nothing about them, not even an net site.
e) Whereas the corporate states that it manufactures its personal applied sciences with staff working from its company headquarters, it appears that plainly the handle of report is the truth is a mail field at The UPS Retailer in Santa Barbara, California.
f) The inventory of L International Computers, Inc is listed on the Pink Sheets and has been actively promoted through inventory spam. Curiously, a content posted by Pink Sheets LLC on PinkSheets.com signifies that they've eliminated inventory quotes from their cyberspace site till the corporate makes present data available to the investment neighborhood. Moreover, they counsel that buyers use care and due diligence of their funding selections as corporations that interact in promotional actions with out supply enough present data are sometimes the topic of fallacious exercise.
The firm reviews there are roughly 100 million shares excellent. Is that this firm value $150 million? Traders beware.
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