All of a sudden, LOUISIANA FOOD CO (OTC:LUSI) crashed down hard. After an impressive loss on Wednesday, followed by a 
small gain on Thursday, yesterday the stock lost 20.77% of its price on a traded volume exceeding 520 thousand shares. However, what is more interesting about the loss is that it happened despite promotions and news.
According to the records, LUSI was promoted on Sept 15 for a compensation of $2.500. On the same day, its price increased by 8.33%, though the gain lasted only for a day.
Along with the campaign Louisiana Food issued a press release stating that it has signed a letter of intent to acquire Mossy Bayou Foods, the second South Louisiana food manufacturer with regional distribution. However, even the positive news failed to hold the climb.
LUSI is engaged in locating, developing and commercializing food-related business opportunities in Louisiana, USA. Last month, the stock was intensively promoted as well, though only short-term gains were registered. [BANNER]
At the same time, the company’s unaudited 10-Q report is not inspiring at all. As of June 30 this year, LUSI has registered:
* $479 current assets
* $4,755 current liabilities
* $15,560 net loss
* $863 revenues
Apart from these numbers, the company has incurred a huge accumulated deficit during the development stage, as well as a working capital deficit.
The management believes that their actions will enable LUSI to meet its working capital needs through September 30, 2011. However, apparently no one can predict its future after that.
