Bow down, Ferrari, time to clear the road for Li-ion Motors Corp. (OTC:LMCO). Have you seen the commercial on youtube? Maybe not, but it is still fine as you have probably noticed the last promotion that came out. The car of the future is here, faster than a Ferrari, more beautiful than a Koenigsegg and more questionable than any theory about the future of the universe.Huge volumes and good money paid to provoke them. This is the situation on the market. So get ready for an increase in the stock price. You should also be ready for all kind of surprises when Li-ion Motors is involved. Let me reveal some of them. 
Making cars that run on electricity and look like the one James Bond will drive in the next movie -this is what the company does now. Ten years ago, it was involved in the mining sectors. Then come gourmet coffee in China, telephone services, oil in California etc. Who knows, maybe they would be developing the first teleportation device. One thing is for sure – they would be in business as long as there are people who believe them and buy their stock.
On a related subject, it seems that the SEC and the Canadian securities regulators do not share this faith in Li-ion business. SEC has been investigatin
g it twice, trading its stock was also halted by the Canadians as the company was alleged of abusive practices in the penny-stock market. Luckily, there were no consequences as the allegations were never tested or proved in court.[BANNER]
g it twice, trading its stock was also halted by the Canadians as the company was alleged of abusive practices in the penny-stock market. Luckily, there were no consequences as the allegations were never tested or proved in court.[BANNER]We should also mention the stock splits that take place now and then. It is like an established tradition for this company. But this is not the real problem. The real problem for Li-ion Motors is the Internet. Hundreds of scam accusations and fraud techniques can be found in message boards, blogs, media websites etc. And they all focus on the stock of th
e company and the product of the company. It is hard to believe a stock promotion after doing some due diligence.
e company and the product of the company. It is hard to believe a stock promotion after doing some due diligence.It is not impossible, however. The company does have some cars to offer – they were presented at Detroit and do look nice. It also won a price, and already has some sales.
The problem is that when you boast about your car of the future, you must first show your past operations and prove they were devoted to developing such a product. Which would be an extremely difficult task for Li-ion Motors Corp.
