Core Viewpoint - Laser Photonics Corp. is under investigation for potential securities law violations following a report alleging fraud by its founder, leading to a significant drop in share price [2][5]. Group 1: Company Allegations - Shares of Laser Photonics Corp. fell over 13% on October 1 due to a report from Capybara Research, which claims the company has been involved in a long-running fraud orchestrated by its founder, Dmitri Nikitin [2]. - The report accuses Laser Photonics of concealing critical financial information and engaging in deceptive business practices [2]. - The company recently restated its financials, admitting that none of its last six reports can be relied upon, indicating serious issues with its financial disclosures [3]. Group 2: Financial Actions - A recent private placement of shares was conducted at a value significantly lower than the current market price, suggesting that the company is aware of its unsustainable valuation [3]. Group 3: Legal Actions and Support - Block & Leviton is investigating whether Laser Photonics committed securities law violations and may file an action to recover losses for affected investors [5]. - Investors who have lost money on their Laser Photonics investment are encouraged to contact Block & Leviton for potential recovery options [4][6].
Laser Photonics Corp. Investors Who Have Lost Money Should Contact Block & Leviton to Find Out How They Might Recover Money Through The Firm's Investigation