Louisiana Food Company Joins Shareholders in Asking: What Is the Real Source of the Recent Trading Volume?
09 Dezember 2011 - 2:00PM
Marketwired
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.
About Louisiana Food Company
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:
www.louisianafoodcompany.com.
Contact: Eddie Cruz Acer Communications, Inc. 949-390-0111
Info@acercinc.com
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