Introduction

Laser Photonics Corp is a new shell for a long-running fraud orchestrated by company insiders. The previous incarnation of the company was called Fonon Corp. (OTC: FNON). In that case, shareholders were defrauded through undisclosed related party transactions and investors were left with nothing. Fonon never filed a single audited financial statement and simply disappeared. The company’s registration was later revoked by the SEC.

We believe LASE is worthless and will end like all of Nikitin’s previous ventures, with investors wiped out, and new lawsuits alleging fraud.