Cheap stock: L International Computers, Inc. Next DELL?

L International Computers, Inc. LITL is a public trading company on the pink pages below the stock symbol. According to a recent press release, the company designs, manufactures, markets and distributes high-performance, high-performance PC / Windows © laptops, desktops, workstations, and servers.

In addition, the company claims to produce the largest and most impressive personal and professional visual displays, as well as high-performance software, peripherals, and personal electronics technologies.

They say they are “the highest performance and top hardware solutions.”

supplier, at any price point. ”Could it be the next Dell?

On August 10, 2006, the shares of L International Computers, Inc. closed at $ 0.29 without volume. As of August 31, 2006, the shares were sold for $ 1.85 and closed at $ 1.40 at more than $ 10 million.

Why all the excitement of investors?

(a) A press release issued on September 1, 2006 announces PuRam-Go ™ / PuRaid ™ Ultra-portable High Speed ​​Solid State Drive Technology.

(b) A press release issued on August 30, 2006 announces Metropolis as the world’s first 19 laptops with Nvidia’s Quad-SLI Technology; Releasing high-end graphics, gaming, and professional visual computing from the desktop box.

(c) A press release issued on 23 August 2006 announced that L International had signed a $ 45 million European Distribution Agreement; Breakthrough Deal strengthens global corporate marketing and sales strategies.

Great press releases, but is there any substance? Perhaps investors should focus on the following:

a) According to various trade magazines and articles, the company launched its technologies in 2003. Since then, we have not been able to find any financial statements indicating their sales, profits or losses. The company has stated that it will release financial statements in the coming months at some point. As a pink sheet company, they have no obligation to provide investors with up-to-date or accurate information.

b) In an article published on October 14, 2004, the company stated: “From a financial point of view, we are not in a position to continue doing business, and unfortunately we are forced to suspend our operations and liquidate our assets. support for our financial responsibilities. “

c) In a call to the company this morning, the company acknowledged that it had closed the market about eight months ago due to technological innovations and plans to reopen it in about three to four months.

d) Who is Microscan International? They allegedly ordered $ 45 million to buy the product from L International. However, a quick search does not provide any information about them or any website.

e) Although the Company states that it manufactures its technologies with employees working from its corporate headquarters, the registered address appears to be a mailbox at The UPS Store in Santa Barbara, California.

f) The shares of L International Computers, Inc. are traded on Pink Sheets and are actively promoted through stock spam. Interestingly, a message posted by Pink Sheets LLC on states that they have removed stock quotes from their website until the company makes the current information available to the investor community. They also suggest that investors be carefully and responsibly involved in investment decisions, as companies that carry out promotional activities are subject to fraudulent activity without providing current information.

The company reports that there are approximately 100 million shares. Is this company worth $ 150 million? Beware of investors.