L Worldwide Personal computers, Inc. is a publicly traded organization on the pink sheets less than stock symbol LITL. In accordance to a current press release, the organization styles, manufactures, markets and distributes significant-functionality, opulent Personal computer/Windows© laptop computer, desktop, workstation and server desktops.
Even more, the company states it also produces the premier and most breathtaking private & expert visual shows as properly as ultra-superior performance software package, peripherals, and personal electronics systems.
They claim to be the “complete and no-contest maximum general performance/upper-class components answers
supplier, at any supplied price point”. Could they could be the subsequent Dell?
On August 10th, 2006 the inventory of L Global Desktops, Inc. shut at $.29 with no volume. On August 31st, 2006 the inventory traded as higher as $1.85 and shut at $1.40 on far more than 10 million shares.
Why all the investor pleasure?
a) A press release issued on September 1, 2006 announces its future-technology PuRam-Go™/PuRaid™ Extremely-Portable High-Velocity Reliable Point out Push Technological know-how.
b) A push launch issued on August 30, 2006 announces the Metropolis as the World’s Initially 19 Laptop Computer Featuring Nvidia’s Quad-SLI Technologies Significant-Stop Graphics, Gaming and Experienced Visual Computing to Be Freed from the Desktop Box.
c) A press release issued on August 23, 2006 declared that L Intercontinental Indications $45m European Distribution Agreement Breakthrough Deal Solidifies Company International Marketing and advertising and Income Strategies.
Excellent push releases, but is there any material? Possibly buyers really should be targeted on the pursuing items:
a) According to numerous trade journals and articles, the firm at first released its systems in 2003. We have been unable to obtain any economic statements indicating their income, revenue or losses because that time. The organization states it will launch economic statements sometime during the following couple months. As a pink sheet firm, they are beneath no obligation to provide traders with current or correct facts.
b) In an posting released on October 14, 2004, the corporation was quoted as expressing: “We are no for a longer time in a situation, from a economical standpoint, to continue on performing business enterprise and are regrettably forced to suspend our functions and liquidate our property in aid of our fiscal responsibilities.”
c) In a contact made to the enterprise earlier now, the corporation acknowledged that it experienced shut advertising down about 8 months back due to technologies updates and strategies to re-open in about three to four months.
d) Who is Microscan International? They allegedly put a $45 million purchase to acquire solution from L Intercontinental. Nevertheless, a rapid google.com lookup yields unquestionably absolutely nothing about them, not even a internet site.
e) Whilst the business states that it manufactures its possess technologies with staff doing the job from its company headquarters, it would seem that the deal with of record is in fact a mail box at The UPS Retail outlet in Santa Barbara, California.
f) The inventory of L Intercontinental Computers, Inc is traded on the Pink Sheets and has been actively promoted through inventory spam. Interestingly, a concept posted by Pink Sheets LLC on PinkSheets.com signifies that they have eradicated stock rates from their website right until the firm makes latest information offered to the investing community. Also, they advise that traders use treatment and due diligence in their investment decision choices as corporations that interact in promotional activities devoid of providing sufficient latest information and facts are normally the subject matter of fraudulent activity.
The corporation studies there are approximately 100 million shares superb. Is this organization value $150 million? Investors beware.
