LOCATION BASED TECHNOLG.

designs, develops, and sells personal, pet, and vehicle locator devices and services in the United States. The company develops PocketFinder family of products, including PocketFinder People, PocketFinder Vehicle, PocketFinder Pets, PocketFinder Luggage, PocketFinder Mobile, and PocketFinder Fleet. Its PocketFinder is a small location device that enables a user to locate devices, persons, or pets; and monitor the safety and location of family members, pets, and valuables using global positioning system and general packet radio service technologies. The company also provides PocketFinder Network products. Location Based Technologies, Inc. is headquartered in Irvine, California. Numbers 52wk range $1.34 -$ 0.075 Market Cap 49M$ (the Price/Sales ratio is 13,000!!! that's why either market is crazy, or PocketFinder products will make the consumer market go crazy) Sales less than 15,000$ EBITDA -9M$ (of course they don't make any profit, but what they do have is a GPS product that can become widely used, from 2007 they lost in EBIT 27M$ developing the products/technology) Cash 355,000$ LT Debt 4.4M$ Employees 3 Assets 1.4M$ Liabilities 6M$ Shares Outstanding 127,000,000 Float 91,000,000 Major Shareholders: Insiders own about 30,000,000 shares Gemini Strategies LLC 5,800,000 shares YCMNET Advisors, Inc. 124,000 shares There are other 124 private shareholders with different stakes Resume: This is a very simple to understand, either their products will sell or not. If all will be smooth stock will rise again breaking new highs, if not, then there is nothing to look for in here. This is black & white kind of investment, has nothing to do with balance sheet investing, quantitative or qualitative analysis. You decide.