Stock for LandStar, Inc. (PINK:LDSR) has become extremely active over the past few days with trade volumes ranging from 200 million to nearly 700 million shares per day since August 05, 2009. The sudden increase in investor interest in the China-based company coincides with the publication of a press release titled 'LandStar, (LDSR:PK) finalizes $8.3 Million Sale'. In that article it is announced that Hubei Chuguan Industry Co. Ltd. (a subsidiary of LandStar, Inc.) signed an Agent Cooperation Agreement with Guangzhou North Condensation Energy Technology Co., Ltd. and that the transaction covered in the Agreement was valued at about 50 million RMB Chinese Yuan, or about $8.3 million USD over the term of the agreement.
The press release also discussed the company's intent to become a reporting issuer on the OTCBB, thereby elevating the company from the ranks of the pink sheets.
The entire press release can be read at http://ih.advfn.com/p.php?pid=nmona&cb=1250613063&article=38920443&symbol=NO^LDSR
Since August 05, several other important press releases have been issued by LandStar, Inc. These press releases indicate the company's progressive move forward in the Chinese oil industry. The press releases to date are as follows:
08/07/2009
LandStar, (LDSR:PK) finalizes Beijing Blue Sky Petroleum
http://ih.advfn.com/p.php?pid=nmona&cb=1250613063&article=38957170&symbol=NO%5ELDSR
08/11/2009
LandStar, (LDSR:PK) 2.9 Million USD Military Contract
http://ih.advfn.com/p.php?pid=nmona&cb=1250613063&article=39000057&symbol=NO%5ELDSR
08/14/2009
LandStar, (LDSR:PK) Nansha Oil Project
http://ih.advfn.com/p.php?pid=nmona&cb=1250613063&article=39052446&symbol=NO%5ELDSR
08/18/2009
LandStar, (LDSR:PK) Zhuhai Municipal Government $10 million USD Project
http://ih.advfn.com/p.php?pid=nmona&cb=1250613063&article=39093069&symbol=NO%5ELDSR
Interestingly enough, since the outpouring of good news by LandStar, Inc., discussion boards great and small have been under constant attack by people more affectionately known as "bashers". This is both normal and expected. Bashers work ferociously on discussion boards to try and implant fear and doubt into the minds of less-than-savvy investors in hopes of driving down share prices so that they or their employers can purchase large lots of shares at incredibly low prices.
On some discussion boards, such as the Google Finance Discussion boards, serious investors have been fighting back against the bashers. With every effort that the bashers make to discredit the company, the investors provide links to data and information supporting the company. Of course, this then brings the investors under direct attack by the bashers and then they find themselves defending their own characters and reputations.
It is a fierce battle, at times, but at less than a cent per share, this stock is well worth the fight. Once the stock gains momentum from the already-growing investor sentiment, LandStar, Inc. stock is expected to make a steady climb northward, never to see the sub-pennies again.
Note: The author of this blog does hold shares in LDSR.
Tags: Landstar Ldsr Nansha Contract Oil Petroleum China
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