Louisiana Food Company Joins Shareholders in Asking: What Is the Real Source of the Recent Trading Volume?
Company's Analysis Yields Interesting Results: Original Shareholders Still Hold Shares
(firmenpresse) - BATON ROUGE, LA -- (Marketwire) -- 12/09/11 -- Louisiana Food Company (OTCBB: LUSI), a purveyor of "Certified" Louisiana specialty food products, today addressed recent shareholder inquiries regarding the unusually high levels and irrationality of daily trading volume in its common stock during November 2011.
LUSI's President, David Loflin, said, "The fact that a stock like ours has a high level of trading volume is not unusual. What is unusual, however, is that, during November, a vast majority of that trading volume was short sales, i.e., sales by those who do not 'own' shares, while, to date, substantially all shares registered on behalf of our original shareholders remain unsold." Mr. Loflin continued, "So, our shareholders' questions about the trading volume are indeed valid. And, after our analysis, and with the knowledge that our original shareholders have held their shares, it is quite apparent that the sell-side pressure, the 'short' pressure, was applied by parties that have no 'real' basis, that is, no real 'investment,' in the shares sold by them.
"When a party has no 'real' investment in a stock, sales of that stock are made without regard to price, which is exactly what the market for our stock looked like during November. We are committed to doing three things on behalf our shareholders: (1) to continue to seek to expand through strategic acquisitions; (2) to continue to grow through expanded products sales; and (3) to do whatever is within our capabilities to bring a basis in reality to the market for our stock, to the benefit of the shareholders of our company, and, perhaps more importantly, to demonstrate to other companies with similar issues that there is a path forward," Mr. Loflin concluded.
LUSI is devoted to locating, developing and commercializing food-related business opportunities in the State of Louisiana. Currently, LUSI has established three lines of "Certified" Louisiana specialty food products: PACKAGED DRY PRODUCTS (marketed under LUSI's "Louisiana Food Company" brand name), (2) SAUCE PRODUCTS (to be marketed under LUSI's "The Quarter's" brand name) and (3) COFFEE PRODUCTS (marketed under LUSI's "Voodoo Roast" brand name). LFC's specialty food products are sold through distributors, directly to retail grocery stores, directly to other retailers and directly to consumers through its online store located at: .
Contact:
Eddie Cruz
Acer Communications, Inc.
949-390-0111
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Datum: 09.12.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 95491
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BATON ROUGE, LA
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Commercial & Investment Banking
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