LIGATT: Liabilities and Lamers

Investing in penny stocks is not for the faint of heart. As such, accredited investors and bulletin board traders are typically aware of the risk of making bets on less established companies. If the company “makes it,” the rewards can be immense, and chasing this dream drives the market. Investment in firms like LIGATT Security International (LGTT.PK) comes with a heavy dose of caveat emptor, and the lack of transparency into company operations often leaves the investor to perform their own research and make decisions without a complete representation of the company’s true worth. The following information has been culled from publicly available sources such as filings with the SEC, OTCMarkets and state regulatory bodies, as well as web activity, forum posts and LIGATT’s own press releases. While this article is based on a considerable amount of research, many items have not been fully addressed in an effort to avoid undue speculation. If you have insights or comments, please send your thoughts via email to errata[at]attrition.org.

Full Article (Attrition - attrition.org)

#infosec#ligatt#fraud

3 notes

  1. idiosyncratic-routine reblogged this from ataferner and added:
    ZOMG the writing in this article is fantastic. Someone alert the Pulitzer committee, stat.
  2. ataferner posted this