I had to inject some of my views here on the basis of the last news release by LGHT.....................
I did call the transfer agent today and verified the TOTAL issued shares on LGHT it has not changed since this thread started back in
it stands at ONLY 3,441,250...... again thats TOTAL issued not the float size from my understanding the float is approx 476,000.......
Sept. 9 LightHouse Landings Inc. announced that it closed the Acquisition of Fast Ferries, Inc. So it was a done deal not a letter of intent or contract pending ect...... LGHT acquired Fast Ferries Inc.
and it was obviously done without diluting their stock since the total issued shares remains at 3,441,250..........
As stated in the news release as follows;
The company expects the two ferries to have gross revenues in excess of $600,000 per month and service will commence on September 30, 1998.
That comes out to 7,200,000 a year in revenues which is based on Two Hi-Speed ferries, capable of carrying 340 passengers at speeds up to 40 knots will make 2 trips daily from Atlantic Highlands, New Jersey to New York City with service to Wall Street and midtown Manhattan (Ticket sales).
Also stated was the following;
With this acquisition LightHouse Landings, Inc., will have assets in excess of $13,000,000 with a net worth of over $5,000,000.
The assets I am sure is the combination of revenue from ticket sales which they project to be Approx 7 Million per year plus the five Million net worth of the Company they acquired (vessels). With only 3,441,250 total shares the current stock price is ridiculous..... The only thing that I can figure is that this Company has not been noticed or picked up by the investment community I am sure it will be before long........... The stock is currently at it's low which makes it even more attractive not to mention revenue kicking in as of today according to their news release. 7 million in revenue is nothing to sneeze about not to mention that it is twice the amount of what the total issued shares are currently plus the Companies current net worth................ My bet is that the stock price at the current level will be short lived...... Remember these are my thoughts I would advise anyone interested in LGHT to call the Company (201) 236-0111 the CEO: Anthony Cappaze. Also you may want to confirm total issued shares the transfer agent is listed on the header of this thread.
Last News Release;
biz.yahoo.com
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