Added to YB: 2025-09-04
Pitch date: 2025-08-31
LASE [bearish]
Laser Photonics Corporation
+74.78%
current return
Author Info
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Company Info
Laser Photonics Corporation provides integrated laser blasting solutions for corrosion control, rust removal, de-coating, pre- and post-welding, laser cleaning, and surface conditioning in the Americas, Europe, Asia, the Middle East, and North Africa.
Market Cap
$79.1M
Pitch Price
$3.95
Price Target
N/A
Dividend
N/A
EV/EBITDA
-16.04
P/E
-4.03
EV/Sales
20.95
Sector
Machinery
Category
special_situation
Laser Photonics ($LASE): A Fraud Machine With a Nasdaq Ticker
LASE short: Controlled shell by Dmitriy Nikitin/ICT (58.5% ownership) funneling cash to affiliates via insider loans, distributions & fees. CEO Wayne Tupuola has criminal record. Growth fake - CMS acquisition from bankruptcy for $1M created $3.86M accounting gain. Working capital swung from +$5.1M to -$3M in 6 months, cash at $78k. Surviving on predatory loans (~100% APR). Nikitin's 25-year fraud history: BlueChip Energy, Fonon Corp all collapsed. Multiple restatements, shareholder lawsuits filed. Target: $0.
Read full article (11 min)