June 17, 2021

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Excessive Flying Inventory: L Worldwide Computer systems, Inc. The Subsequent DELL?

L Worldwide Computer systems, Inc. is a publicly traded firm on the pink sheets below inventory image LITL. Based on a latest press launch, the corporate designs, manufactures, markets and distributes high-performance, opulent PC/Home windows© laptop computer, desktop, workstation and server computer systems.

Additional, the corporate states it additionally produces the most important and most spectacular private & skilled visible shows in addition to ultra-high efficiency software program, peripherals, and private electronics applied sciences.

They declare to be the “absolute and no-contest highest efficiency/upper-class {hardware} options

supplier, at any given value level”. May they may very well be the subsequent Dell?

On August tenth, 2006 the inventory of L Worldwide Computer systems, Inc. closed at $0.29 with no quantity. On August thirty first, 2006 the inventory traded as excessive as $1.85 and closed at $1.40 on greater than 10 million shares.

Why all of the investor pleasure?

a) A press launch issued on September 1, 2006 proclaims its next-generation PuRam-Go&commerce;/PuRaid&commerce; Extremely-Transportable Excessive-Pace Stable State Drive Expertise.

b) A press launch issued on August 30, 2006 proclaims the Metropolis because the World’s First 19 Laptop computer Laptop That includes Nvidia’s Quad-SLI Expertise; Excessive-Finish Graphics, Gaming and Skilled Visible Computing to Be Free of the Desktop Field.

c) A press launch issued on August 23, 2006 introduced that L Worldwide Indicators $45m European Distribution Settlement; Breakthrough Deal Solidifies Company International Advertising and Gross sales Methods.

Nice press releases, however is there any substance? Maybe buyers needs to be centered on the next gadgets:

a) Based on numerous commerce journals and articles, the corporate initially launched its applied sciences in 2003. We’ve been unable to seek out any monetary statements indicating their gross sales, income or losses since that point. The corporate states it is going to launch monetary statements someday through the subsequent few months. As a pink sheet firm, they’re below no obligation to supply buyers with up to date or correct data.

b) In an article revealed on October 14, 2004, the corporate was quoted as saying: “We’re now not able, from a monetary standpoint, to proceed doing enterprise and are regrettably compelled to droop our operations and liquidate our property in assist of our monetary obligations.”

c) In a name made to the corporate earlier right now, the corporate acknowledged that it had shut advertising down about eight months in the past on account of know-how upgrades and plans to re-open in about three to 4 months.

d) Who’s Microscan Worldwide? They allegedly positioned a $45 million order to purchase product from L Worldwide. Nonetheless, a fast google.com search yields completely nothing about them, not even an internet site.

e) Whereas the corporate states that it manufactures its personal applied sciences with staff working from its company headquarters, plainly the tackle of report is the truth is a mail field at The UPS Retailer in Santa Barbara, California.

f) The inventory of L Worldwide Computer systems, Inc is traded on the Pink Sheets and has been actively promoted through inventory spam. Apparently, a message posted by Pink Sheets LLC on PinkSheets.com signifies that they’ve eliminated inventory quotes from their web site till the corporate makes present data out there to the investing neighborhood. Moreover, they counsel that buyers use care and due diligence of their funding selections as corporations that have interaction in promotional actions with out supplying enough present data are sometimes the topic of fraudulent exercise.

The corporate experiences there are roughly 100 million shares excellent. Is that this firm value $150 million? Traders beware.

Source by Joel Arberman