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L Worldwide Computer systems, Inc. is a publicly traded firm on the pink sheets underneath inventory image LITL. In keeping with a current press launch, the corporate designs, manufactures, markets and distributes high-performance, opulent PC/Home windows© laptop computer, desktop, workstation and server computer systems.
Additional, the corporate states it additionally produces the most important and most spectacular private & skilled visible shows in addition to ultra-high efficiency software 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”. Might they could possibly be the subsequent Dell?
On August tenth, 2006 the inventory of L Worldwide Computer systems, Inc. closed at $0.29 with no quantity. On August thirty first, 2006 the inventory traded 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 broadcasts its next-generation PuRam-Go&commerce;/PuRaid&commerce; Extremely-Moveable Excessive-Pace Strong State Drive Know-how.
b) A press launch issued on August 30, 2006 broadcasts the Metropolis because the World’s First 19 Laptop computer Pc That includes Nvidia’s Quad-SLI Know-how; Excessive-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 Worldwide Indicators $45m European Distribution Settlement; Breakthrough Deal Solidifies Company World Advertising and Gross sales Methods.
Nice press releases, however is there any substance? Maybe traders ought to be centered on the next gadgets:
a) In keeping with numerous commerce journals and articles, the corporate initially launched its applied sciences in 2003. Now we have been unable to search out any monetary statements indicating their gross sales, earnings or losses since that point. The corporate states it’ll launch monetary statements someday through the subsequent few months. As a pink sheet firm, they’re underneath no obligation to supply traders with up to date or correct info.
b) In an article revealed on October 14, 2004, the corporate was quoted as saying: “We’re now not ready, from a monetary standpoint, to proceed doing enterprise and are regrettably pressured to droop our operations and liquidate our property in assist of our monetary obligations.”
c) In a name made to the corporate earlier at this time, the corporate acknowledged that it had shut advertising down about eight months in the past as a consequence of know-how upgrades and plans to re-open in about three to 4 months.
d) Who’s Microscan Worldwide? They allegedly positioned a $45 million order to purchase product from L Worldwide. Nevertheless, a fast google.com search yields completely nothing about them, not even a web site.
e) Whereas the corporate states that it manufactures its personal applied sciences with workers working from its company headquarters, it appears that evidently the handle of report is in actual fact a mail field at The UPS Retailer in Santa Barbara, California.
f) The inventory of L Worldwide Computer systems, Inc is traded on the Pink Sheets and has been actively promoted by way of inventory spam. Curiously, a message posted by Pink Sheets LLC on PinkSheets.com signifies that they’ve eliminated inventory quotes from their web site till the corporate makes present info accessible to the investing group. Moreover, they counsel that traders use care and due diligence of their funding choices as firms that interact in promotional actions with out supplying sufficient present info are sometimes the topic of fraudulent exercise.
The corporate stories there are roughly 100 million shares excellent. Is that this firm price $150 million? Traders beware.
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Source by Joel Arberman
