Landstar Development Group Inc (OTCMKTS:LSDC)’s Pump Turns Even Uglier

Landstar Development Group Inc (OTCMKTS:LSDC) lost another 23.29% of its market value in yesterday’s spectacular crash, in spite of the latest round of touts hitting the web just before the trading session’s opening bell.

One would be hard pressed to say that LSDC is going anywhere with financials such as the ones it declared at the end of the period ended Nov 30, 2014:

• Cash and current assets – $632 (NUMBER NOT IN THOUSANDS)
• Current liabilities – $504,767
• NO REVENUES WHATSOEVER
• Quarterly net loss – $2,856

In light of the insignificance of these numbers, unsurprisingly, pump pressure has been the only thing pushing the ticker up and down the charts for a long while now. And LSDC has seen quite a lot of pumper attention in the last two months.

A quick check reveals that at least 73 promotional e-mails touting the company have hit the web since the late February of 2015. Most of them were clearly paid pumps, although truth be told – not very successful ones. But who can really blame the pumpers for failing, when the compensation they were given was so meager?

And now the ticker seems to have lost its pump-driven momentum and is falling down hard – which is also unsurprising. After all, prolonged pump campaigns lose their potency in a relatively short order.

This is why the only question that seems to lack an answer at this point is “how long until LSDC fades into obscurity once more?”