LOUISIANA FOOD CO (OTC:LUSI) started the week quite promising, however, yesterday the climb was broken. All of a sudden, 
the stock price decreased by 34.15% along with traded volume of LUSI. Though, it looks like Louisiana hasn’t given up the fight for the gain.
Just yesterday, the company released an optimistic announcement, reporting that it has signed a distribution agreement with Tampa and the company’s management expected accelerated revenue growth through 2012. The start date of LUSI’s agreement with AMT/CPM is September 1, this year.
Apart from the positive announcement, LUSI was promoted by 007 Stock Chat. Actually, it was promoted two days ago, however, yesterday the campaign was renewed, supported by the agreement news. Whether these actions will pump up the stock price today is just about to be seen.
LUSI is engaged in locating, developing and commercializing food-related business opportunities in Louisiana, USA. Two months ago, the company used to trade at $1.5 per share, however, since then the stock price has moved down to $0.27.[BANNER]
On Monday, Louisiana filed a notification of late filing related to its quarterly results for the period ended June 30, which the company failed to report. Its previous 10-Q does not inspire much confidence: decreased revenues, substantial net loss and negative cash flows, which LUSI can hardly cover.
Still, the management is hopeful that the money borrowed from a shareholder will enable it to meet its working capital needs through September 30, 2011. However, unless Louisiana finds additional financing, there will be a substantial doubt about its future operation.
