Yesterday, in confirmation of investor uncertainty towards the company’s approach to customer financing, Laser Energetics Inc (PINK:LNGT) stock closed without a price change, but with the highest volume traded for the last two years.
Speculative interest and another promising press release raised questions about LNGT stock.
The end result of the trading session were the equal opening and closing prices at $0.08 per share, which happened on a volume of 9.1 million shares changing hands.
Half of the volume traded was made by shorters, armed with “Master Laser” ocular distraction devices and banking gains at the speed of light.
The other half of the volume maybe resulted from the demand of investors, inspired by the company’s “social approach” to its customers.
In the latest press release, the company’s Founder, President & CEO stated, that earlier some agencies or municipalities were unable to purchase the company’s Dazer Laser due to budget insufficiency. Now, with a new strategic alliance LNGT can offer these customers the ability to finance as many of the Dazer Lasers as they require.
The only question that araises and that has maybe influenced the shares price, is how the working at such a scale company had no time to make at least one official disclosure at the OTC Markets website for the large number of significant material events released only in the form of news.[BANNER]
Further more, since LNGT is not an SEC reporting company, on the OTC Disclosure & News Service there is not a single financial report.
So, any investor attempt to make due diligence on the company, using viable sources of information, may fail. Remains only the company’s released optimism and correspondingly the prevail of speculative interest towards LNGT stock. Despite the innovative technologies and products offered by LNGT, its dark reporting standard on the OTC market can only raise more investor uncertainty about the fair value of the shares.
