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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » LDSR (landstar)..up 28% today

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Author Topic: LDSR (landstar)..up 28% today
Ferris Buller
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Ok people, i need some help. I've been in this stock for a couple of months. I got in below the 7mva, but it still took a turn for the worst. It has reported nothing but good news. (Talks about it hitting a big board, Setting up an investigative body to look into stock manipulation..etc) So why hasn't it gone back up to its original level? Today was the most activity in weeks, with the stock producing a 28% increase with no Press release. So i'm wondering, whats driving the momentum, and how long will it last?
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wallymac
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Mr. Lee Congtang, CEO, Chairman, said, "Our march towards our targeted 0.0175 to 0.02 cent price per share is well under way. Sometime next week after the market has had the time to absorb our recent news events, and had time to digest our financial statements which we will be shortly filing; LDSR intends to call a meeting of our board of directors and advisors and to pass certain board resolutions regarding our proposed no recapitalization and no dilution policy."

http://finance.yahoo.com/news/LandStar-Inc-LDSRPK-29-prnews-1320690943.html?x=0& .v=15

Big Red Flag, CEO stating PPS projection in PR

Also look at their filings, the O/S has increased from:
CAPITAL STOCK
Common Stock, authorized shares 988,000,000

Issued and outstanding - 393,704,157

Preferred Stock - issued and outstanding 2000 shares

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=21196

CAPITAL STOCK
Common Stock, authorized shares 4,000,000,000

Issued and outstanding - 3,600,000,000

Preferred Stock - issued and outstanding 2000 shares

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23367

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