Loud! Technologies in twubble..

[ZahZoo]

Investment advice from you, Gar is like getting marriage counseling from Liz Taylor...

[GAR]

Last week, LTEC was being traded on what's called the "pink sheets" for the penny-stock listings, in the range of between 2 and 5 cents!

Zah, with a marketshare of 9.5 million shares, does this mean you could get a seat on the board for less than a million dollars?

I can't do the math, you know. You're smart like that so you tell us?

[ZahZoo]

No you can't buy your way onto the board... especially in it's current shape.

Coming off the publically traded stock market means the company reverts back to privately held/owned. Meaning the corporation now owns the assets, debt and holdings of the company.

It would be a total waste of money to purchase any stock in this company at this phase. If they file their financials and get reinstated it might be something to watch... but you would want to know why they ended up where they were at to see if the comapny will remain viable. Odds are good the whole thing will just be a sell off of intelectual property and trademarks.

A huge warning sign of not filing it's financial statements with the SEC is a clear indication that company is in serious financial trouble... potentially criminal mischief in managing the books.

[GAR]

St Louis Music was one of the first if not the first importers of Jap and Korean trademark-copy guitars like Gibson and Fender.

Before I think, 1974, when Ampeg was owned by Magnavox, they didn't rip off the other manufacturers. Magnavox bought Dan Armstrong and that was the Ampeg guitar line - the clear-plexi guitars.

[GAR]

SHIT it shot up to 15 cents from 2 cents close Friday, now it's at 2 cents again, 800 shares volume.

Maybe someone here saw my posting on this and spent the $400 bucks to take a chance..

[GAR]

One and a half-cents per share!

What will happen to Ampeg's owner? Will this be a sell-off of all the brands they conglomerated?

They sold off St. Louis Music's distribution to some midwest woodwinds company, now they're stuck with all these brands and a big fuckin' warehouse full of air and spiderwebs up in Washington.

I wanna go visit and check it out myself.

[Nitro Express]

No you can't buy your way onto the board... especially in it's current shape.

Coming off the publically traded stock market means the company reverts back to privately held/owned. Meaning the corporation now owns the assets, debt and holdings of the company.

It would be a total waste of money to purchase any stock in this company at this phase. If they file their financials and get reinstated it might be something to watch... but you would want to know why they ended up where they were at to see if the comapny will remain viable. Odds are good the whole thing will just be a sell off of intelectual property and trademarks.

A huge warning sign of not filing it's financial statements with the SEC is a clear indication that company is in serious financial trouble... potentially criminal mischief in managing the books.

Yup. Great brand names but what are the real fiscals of the company? The company could be loaded with debt and another trick they love to do is count sales as profit excluding overhead costs.

[GAR]

From just one penny a month ago, up to 15 cents, to 5 then 2 cents recently.

Now it's at 6 cents, last trade. Some guy on Yahoo Finance discussion board posted he got 20,000 shares at one penny.

That's $200 bucks. If he flipped 'em at 6, well, do the math!

Nobody wants to make a huge move on this because soon as you do, the graph curve goes up.

From what I gather on Yahoo finance board and other discussions, is they started receiving bad product, from of all places Vietnam.

Cheap labor, no fucked up 4x10 cabinets=good!
Cheap labor, fucked up cabinets=bad!

Fucked up cabinets, plus fucked up contract factory of origin, plus costly debt ratios with Ableco finance and Cerberus Capital Partners=bad stock price.

I can't tell you how setup I am if and when this stock gets relisted. I can wait 5 years at the price I got!

buy
buy
buy

[GAR]

Five cents once again.

Monday opening.. several key timelines passed, what will the private equity owners do?

I noticed on the Loud Technologies website they're now looking for an electronics project managing engineer who does CAD and dfm QC checking.. that is a REALLY not-good sign because it signals they are beginning to redesign.

Redesign=retool, meaning the Vietnamese plant ain't givin' the tooling back and they have to redo the board designs all over again?

It doesn't come at a good time, this listing on their Employment Want ad. Maybe it's for new product development, because cad files are usually saved and require little in the way of modification for new tooling spacing, component repackaging or design.

But it could mean they lost kep personnel that did this function, and the files are now lost due to key personnel friction ie you're fired, fuck you I'll getcha back before I'm outta here.. del del del.. whops where's all that data..

[ELVIS]

Hmmm...

[ELVIS]

Maybe Obama will run it...