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Message Boards Settings Law Enforcement Associates Corp. (LAWE.OB) - Quote Info
We're Back!     16-Sep-09 02:38 pm    
Lots happened in the 2 months or so message board has been shut down. They defaulted on the 1.5 million dollar stock option, which, I believe was final straw in Lou Feldman's tenure as CEO; he was "replaced" a couple of weeks ago by an interim CEO (probably on orders from Raymond James Financial). He has a lot of talent and know-how and contacts in the field but was really incompetent (IMO) in running a company - you don't take on a contingent liability like that without setting aside or borrowing the funds to meet it. Big 2nd quarter profits; almost 6 months has passed since they anounced the stun gun patent would be sold in "the coming weeks" - I guess, technically speaking, 10 years, or 520 weeks, could be considered the "coming weeks".
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risinsoon


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  Subject Author Rating Time of Post (ET)  
 
We're Back!
risinsoon Not rated 16-Sep-09 02:38 pm  
 
How will the default be resolved?
ttfjr Rate it 17-Sep-09 09:25 am  
 
I think it can only be resolved in a couple o...
risinsoon Rate it 19-Sep-09 07:44 pm  
 
Curious why RJ has not been more involve...
ttfjr Rate it 23-Sep-09 12:28 pm  
 
Anyone know if they sell the stun g...
rehmk5 Rate it 11-Nov-09 10:53 pm  
 
hi guys any hope for my 400k a...
investorgol... Rate it 12-Nov-09 12:55 pm  
 
yup... if nothing else, t...
mandrlane Rate it 12-Nov-09 05:49 pm  
 
thanks I´m waiting
investorgol... Rate it 13-Nov-09 06:33 am  
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Law Enforcement Associates Corp. (LAWE.OB)

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At 1:52PM ET: 0.12 Down 0.02 (14.89%)
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