Ludwig Enterprises (OTC: LUDG) tanked deeper today, falling a dismal 43.3%, and closed at a share price of $0.17.
The company’s recent multi-million dollar license agreements couldn’t rescue its stock from continued decline, but the volume of the stock did stay up at 109,368 shares today, bypassing its average of 48,218. Investors may be hanging on to their hope of Ludwig Enterprises bouncing back in the near future.
Ludwig’s 2012 performance has been disheartening, with a total loss of 99.79% in share price, after the 1:350 stock split on February 15, 2012.
To further understand Ludwig’s stock performance, here are some of the company’s recent headlines, which include several multi-million dollar license agreements for deployment at different locations:
- June 26, 2012: Ludwig announced an $8,000,000 five-year renewable agreement signed with Haitian American Broadcasting to license Ludwig technology for deployment in the Dominican Republic, El Salvador, Honduras, Puerto Rico, US Virgin Islands, Bermuda and Bahamas.
- June 22, 2012: Ludwig announced it has selected Bridgewater, New Jersey for deployment of initial units of “The One” radio.
- June 14, 2012: Ludwig announced it has reached a 5 year renewable multi-million dollar licensing agreement for deployment of Ludwig’s Technology into the 115 million person Mexican Market.
- June 11, 2012: Ludwig announced it has reached a 10 year multi-million dollar licensing agreement for deployment of Ludwig’s Technology into the Canadian Market.
- June 6, 2012: Ludwig announced it has developed a revolutionary enhancement that will be added to “The One” radio. This technology allows users to have instant connectivity to social media contacts while in close proximity to each other.
- May 31, 2012: Ludwig announced its new receiver called “The One”™ to be compatible with the Apple’s™ iPod docking devices.
For anyone not familiar with Ludwig Enterprises, it is a Nevada based technology company with regional offices in Pompano Beach, Florida. Ludwig has patented a revolutionary new method of radio broadcasting over unused digital television spectrum. This technology attaches 50 new digital radio channels to an existing digital television broadcast signal.