The war to protect businesses by providing them with anti-counterfeiting technology has been such a large an industry that the U.S. government even created new paper money to ward against counterfeiters. No one is more aware of that than penny stock traders having seen more than their fair share of counterfeit alerts and price targets in the past from AwesomePennyStocks.
Although the market share at present is little to nothing for the Company, shares of LaserLock Technologies Inc. (OTC: LLTI) are quite the opposite. Having just closed a $4 million financing deal and being almost half owned by VerifyMe Inc., 500% gains Since January 9, Wednesday’s new high, volume surge and complete bullish pattern has traders locking their radars onto LLTI stock.
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LLTI Stock Quote
Market Cap: 26.13M
Last: 0.18 ▲ 0.0525 (41.18%)
Dollar Volume: $193,743
Issued and Outstanding: 324,003,664
VerifyMe Inc.: 153,333,332 (47.3%)
14-Day Rel Strength: 84.41%
14-Day Stochastic: 91.67%
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Since just prior to announcing the closing of a $4.2 million financing deal in mid January, shares of LaserLock Technologies have been both active and bullish. The funds, said to be earmarked for general corporate purposes, should be enough to get them through all of 2013 and well into 2014 based on the operating expenses incurred for the nine months ended September 30, 2012.
Although revenues are meager, $17,029 and $8,884 for the nine months ended September 30 2012 and 2011, respectively, accumulation of LLTI stock has been a trend which has seen little to prevent it from increasing for the last 3 weeks.
What is most interesting to find is that VerifyMe Inc. is the majority shareholder of the Company focused on security technology to protect pharmaceuticals, high-end retail goods, the casino industry, documents and branded products from counterfeiting. Having scanned for a look-see, the website for VerifyMe is “coming soon” which could lead to an even bigger realm f possibilities for the share price of LLTI stock to gain even more altitude.
At the end of 2012, LaserLock Technologies and VerifyMe entered into an agreement whereby the Company is set to make money off certain patents licensed by the Company from VerifyMe while supporting them at the same time. While between October 18, 2012, and January 2, 2013, the Company sold an aggregate total of 19,888,889 shares of LLTI stock at per share prices from $0.045 to $0.05 to a class of “friends and family” investors, including officers and directors, traders seem locked-in and looking forward to VerifyMe’s website launch date.
About LLTI Stock
LaserLock Technologies, Inc. is a global leader in providing state-of-the-art authentication solutions to pharmaceutical companies, high-end retailers, the gaming industry, and governments. Click here to view the SEC filings for LLTI.
Last 5 Trading Sessions:
Bottom Line: Up exactly 500% from the opening price of January 9 when the penny stock began its recent pattern, LLTI is one to watch moving forward. There can’t be much in profit taking since only two trading session for LLTI stock have seen volume spike past the 1 million share mark this year. Based on the anticipation for VerifyMe to go live, LaserLock is exactly what should be done with these shares in search of an entry point.
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