Nelly Shishkova

LightPath Technologies, Inc. (NASDAQ:LPTH) Holds The Climb On Positive News And Promotions

by Nelly Shishkova September 14, 2010

In May this year LightPath has received a Compliant Letter from NASDAQ, informing the company that by entering into a Securities Purchase Agreement directors of LPTH have purchased shares below the closing bid price. LightPath subsequently amended the Agreement by changing the purchase price from $2.20 to $2.325 per share and required the directors to pay the difference in cash to the company.

The financials of LPTH look a bit improved, though it has incurred a net loss and its stockholders' equity has increased. The company still has more assets than liabilities on its balance sheet, however, it has a long-term debt to cover.

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