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FYI.
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Letters of Intent. LOI's. They literally mean nothing. It is the favorite term used exclusively by Pump and Dump scam stocks on the NYSE and the entire United States stock market.
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LOI's are an easy way for the traded company to keep the hype up without actually having to get into any legalities from the government.
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That's why the term LOI is used heavily in Wall Street scams.
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Stay informed fellow humans..
And LOIs are also commonly used in business for setting up legitimate and long lasting partnerships. Just because you can use cough syrup to kill someone, doesn't mean that people who use cough syrup are poisoners. It takes more than a little shallow analysis to judge whether a business is legitimate or not.