Leatt Stock

[quote="JoJmoto":vwaczdoc]Whatever happened to that stock? I know the froze it at one point and then reopened it but, I just looked at it and it seems as if it is still frozen or just plain inactive. Any people with knowledge in stocks can answer what happens to these type of things?[/quote:vwaczdoc]

It's unfrozen and has around 50,000 shares traded each day...

[quote="JoJmoto":3o3flw4q]Whatever happened to that stock? I know the froze it at one point and then reopened it but, I just looked at it and it seems as if it is still frozen or just plain inactive. Any people with knowledge in stocks can answer what happens to these type of things?[/quote:3o3flw4q]

Trading in the stock was suspended last year after the SEC found spamming going on. After that Leatt was delisted from the pink sheets and now trades in the grey market (not a great place for a reputable company). Some days there's no trades at all, but they average a few thousand shares a day (not 50,000). Back in early Feb. about 250,000 shares traded in one day from .23 to .29 cents a share, which is a big volume move for this one.
Their financials show they have earnings now of about 3 cents a share on a .25 cent penny stock, which is great - except they're a South African company with unaudited financials - not so good..

[quote="JoJmoto":2fbrwdv6]Will the fact that EVS and Alpinestars coming out with similar products do anything to these stock prices if any, either way? IYO[/quote:2fbrwdv6]

With the price of the stock anything can happen - up or down. Leatt used it's international patent to defend against another company and settled out of court, and the other company stopped selling their product. As much up front R&D money Leatt put into their design they have to defend their patent.
If EVS and Alpinestars try to market something similar it seems Leatt is more than willing to take them to court too. I read that EVS postponed release of their brace. They might have done that to do some legal ass-covering as far as patent infringement goes, but that's just speculation.
I guess it could go one of several ways:

1. EVS and Alpinestars market a product that's cheaper and less effective than the Leatt - and that doesn't feature anything that infringes on their patent. ("put-a-neck-brace-in-every-garage" - even if it doesn't work so hot, at least it's cheaper)

2. E & A buy rights to use the Leatt patent and market a similarly priced product that's equally effective.

3. E & A do what FRO did and try to skirt Leatts patent (highly unlikely).

4. E or A try to buy Leatt's patent (probably the best way to saturate the mx market is by using trusted names in rider protection) The problem here is Leatt hasn't sent any signals that they're looking to sell. Maybe they just haven't had an offer they can't refuse yet??

The worst thing for Leatt is if E & A make a cheaper product that's less effective IMO, because there's always room in the market for something cheaper and the more expensive version always loses market share. Unless or untill a cheaper version hits the market Leatt would have a monopoly.

Nobody will be selling a neck brace to the public without paying Leatt royalties. You can bet your butt that Alpinestars will have a licensing agreement with Leatt before they sell a brace.