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Lehman Trikes looking for ways to increase shareholder value

Lehman Trikes Inc., a specialized company whom call themselves the “Leader Of The Three World” and specialize in trikes, trike kits, and conversions, issued a press release to investors in which the company announces that it is looking for strategies to enhance shareholder value.

The options include the possibility of selling company, a strategic business merger, or other cost saving initiatives.

Lehman's stock has taken a terrible beating over the past five years and especially during the last 12 months. Lehman Trikes Inc. stock (OTC Symbol LTRKF) lost 97.55% of its value in 5 years and 54.77% during the last 12 months.

Here's what the Press Release said about the matter:

Lehman Trikes, Inc. (LTI) Board of Directors is looking into various strategic alternatives to enhance shareholder value, including the possibility of selling the company.

LTI announces that its Board has formed a committee of Directors to explore a range of options to improve the position of its shareholders, which could take the form of cost savings initiatives, the sale of the company, or a strategic business merger. 

The Board has received an expression of interest from an investment firm to engage in a due diligence review with a view to making a significant investment in LTI.  During this review period, which coincides with the company’s traditional slow time, LTI will continue to conduct business under a reduced scope of operations.  

“In light of the challenging economic environment and current market conditions, the Board has determined to look more closely at a range of alternatives,” Ken Hines, President, said.  “It is expected that these efforts will transition the company to take advantage of opportunities with well known industry participants.”

LTI is considered one of the trike industry’s foremost leaders and is well known for its high quality and reliable products. 

There is no assurance that any transaction will be completed.

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