L International Computers, Inc. is a publicly traded company on pink leaves under the symbol of LITL shares. According to a recent press release, the company designs, manufactures, sells and distributes high-performance computers, rich PC / Windows © laptops, desktops, workstations and server computers.
Furthermore, the company states that it produces the largest and most spectacular personal and professional visual displays, as well as ultra-high performance software, peripherals and personal electronics technologies.
They claim that they are “absolute and unrivaled” hardware solutions of the highest performance / higher class
supplier, at any cost. ”Could they be the next Dell?
On August 10, 2006, shares of L International Computers, Inc. they closed at $ 0.29 without volume. On August 31, 2006, the stock traded as much as $ 1.85 and closed at $ 1.40 for more than 10 million shares.
Why all the excitement of investors?
a) A press release issued on September 1, 2006 announces its new generation of PuRam-Go Pu / PuRaid ™ ultra-portable High-Speed Solid State Drive technology.
b) A press release issued on 30 August 2006 announces Metropolis as the world’s first 19 laptops with Nvidia’s Quad-SLI technology; Top quality graphics, gaming and professional visual computing will be free of desktop boxes.
c) A press release issued on 23 August 2006 announces that L International has signed a $ 45 million European Distribution Agreement; The breakthrough deal solidifies corporate global marketing and sales strategies.
Great press releases, but is there any content? Perhaps investors should focus on the following items:
a) According to various professional magazines and articles, the company originally launched its technologies in 2003. Since then, we have not been able to find any financial statements that indicate their sale, profit or loss. The company says it will release financial statements over the next few months. As a company with pink leaves, they are not obliged to provide investors with updated or accurate information.
b) In an article published on October 14, 2004, the company was quoted as saying: “We are no longer in a position, from a financial standpoint, to continue operating and, unfortunately, we are forced to suspend our operations and liquidate our assets in support of our financial obligations. “
c) In a call to the company earlier today, the company acknowledged that it discontinued marketing about eight months ago due to technology upgrades and plans to reopen in about three to four months.
d) Who is Microscan International? They reportedly ordered $ 45 million to purchase products from L International. However, a quick search on google.com gives absolutely nothing about them, not even about the website.
e) Although the company states that it produces its own technologies with employees working at its corporate headquarters, it seems that the address of the records is actually a mailbox in The UPS Store in Santa Barbara, California.
f) L International Computers, Inc. shares are traded on Pink Sheets and are actively promoted through spam shares. Interestingly, a message posted by Pink Sheets LLC on PinkSheets.com indicates that they have removed stock quotes from their website until the company makes current information available to the investor community. Furthermore, they suggest that investors use care and due diligence in their investment decisions because companies engaged in promotional activities without providing adequate current information are often subject to fraudulent activities.
The company reports that it has about 100 million shares in circulation. Is this company worth $ 150 million? Investors watch out.