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Talk about RAVING...I have never stated anything was indeed THE FACT of the day. I have said numerous times that what I looked at for buyout price was pure spec...Maybe I need to add a disclaimer so that I dont have to state what is spec and what is not. The only things I have stated as fact is when I type in the transcripts of my telephone conversations with Orlando or LTDI in general. If it makes you feel better to believe that I am raving then so be it. I was not raving, simply pointing our that in these times honesty will carry Orlando far. All of the molds and the workspace are rented from Orlando himself. The workers (rented) meaning that he does not own them so they can work wherever (as with any worker)...the point being that there is no ability to liquidate anything in this company...they hold no assets that can be liquidated except that A/S increase. I never said there was a dilution, never said we are looking at a pump and dump (at 0.0001 would that not be THE worst p&d of all time?). My opinions are just like yours. You have no proof that anything that I say is incorrect (no FAXES, docs, etc). So you can continue to beat me up, but in the end the only things published on these boards is opinion and if you choose not to side with those opinions then they are absolute lies. I disagree. I think that we all probably have a little truth in each post...ONLY Orlando can sort it out. As a shareholder, I do have my right to my opinion. If you choose to not agree with me then that is also your right. This is it so if you choose to continue this discourse it will be to a silent poster.
TLO
All of the figures you list are too high in my opinion. A share price of 0.0075 gives a total buyout of 37.5 million dollars, 0.015 is 75 million dollars, and 0.04 gives 200 million dollars. IMHO there is no way any of these figures comes to fruition. The only thing the Chinese company is buying is the name of the company and its debt. The molds, workspace, and workers are all rented (not owned) by LTDI. With that being said would you pay those prices for this company? I think a more realistic price is 0.0005 or 2.5 million for the company. That is about all Orlando can honestly say the company is "worth" and even that is debatable given the current conditions with the market. I am honestly just waiting for Orlando to claim that the government is going to bail him out with a 25 million dollar loan...while it would be a lie there are many on this board that are to the point of believing anything just in hopes of some kind of respectable recovery of their money.
To substatntiate it, just look at the A/S at 5 billion and then multiply those by the price per share that you think may be offered. As with any stock....My previous post was not to state that any of the prices would be THE price, it was just a look at what the company is worth and how that translates to share price.
They may have been deleted or sent to me in private mail...but the end of it is that a poster called Orlando and he laughed at the buyout prices being posted here a while back. The prices we posted were speculation and hopeful to say the least since we did invest here to make money...I was writing to identify that I found it interesting that Orlando now finds those figures funny (PPS at about 0.003 for a buyout per share.)
Even with a bailout plan (which by the way is not written for the sector of LTDI) we will not see any changes. I find it interesting that Orlando laughed off the 15 million dollar buyout. He too must know that his company is relatively worthless at this point. We need to force Orlando to release a Pr DETAILING the A/S increase and the intent of this increase. He needs to come clean on why this was done and do it in documents that are filed so that the shareholders are protected from shady company dealings.
Well yes and no on the use of our money. Keep in mind that our economy needs the money to stay in circulation here in order to keep us moving...if the Chinese buy out companies the money goes to their country and we lose circulation of it. the ecnomy is simply a circulation of money...when it moves in high volumes we see a healthy economy, but when people start pulling their money out and quit spending (we are on the cusp of this now) we see the failing of banks, lenders and companies
Maronti
The 15mill buyout was the guess put in place by the board after looking at the increase in the A/S back in July. With 5billion in the A/S, a 15 million dollar buyout puts the PPS at 0.003 (does not seem like a lot does it??). With what many of us are holding in share totals, it would be great to get 0.003; but with the downturn in the economy it is very unlikely to happen. Even if China is attempting to buy up American companies, they are still smart enough to buy for as cheaply as they can. If they were to offer 5 million for the company, the PPS is at 0.001. If I were the Chinese company looking to buy though and seeing the market for what it is...I would probably only offer about 2.5 million which gives us a PPS of 0.0005. This price is great for those that are looking to flip it, but Orlando stated that he was looking out for the shareholders that have held on. If he were to accept this buyout for this price (which may still be seen as overinflated due to the company having ZERO liquidity right now and no owned assets), then he would ensure the flippers were taken care of and leave the rest of us to fend for ourselves. I know that 0.0005 would be great for gail and them, but it will not help out the longs here.
Nope not at all
Gail and others will not listen so I say good luck...the dead days in April did not happen with a NO BID. There were always Bids and we (those of us that were here) were watching the gaps each and every morning. The fact is you are looking at moments in time on a chart with absolutely no context as to what was going on on the periphery. You are too tired to look back at April???? You must not be holding much here then. If they had a bid, then your buy would be perfect to wait on a run (even a jump which is more likely what you are looking for) to .0002. You can double the $600 you put in and move on. You had better hope that you find a buyer for your shares when and if it does go to 0.0002 or you will simply be holding a paper gain.
Okay sweetheart, maybe I need to stand on my head and look at the chart and it looks better, but this same chart you show (dont you think every long position posting on this board has seen the chart?) shows a downward trend with a few hiccups that are ALL associated with news/PRs. So I see what you are hoping for, but a chart is worthless (even in your speculative world) without knowing its context.
the big "run" that you see in the last year occured after a reverse split pushed the price up to .2 and then the "run was a downhill run. No making money in that. To get us back to .2 land will mean that we will see a 2000:1 R/S. That is not good for anyone
I agree there is no such thing as a "good" chart that has a no bid and is sitting at .0001. We are not talking about them reconciling, this is a stand still that has ver little chance of digging itself out.
At this point, I do not believe a single thing that comes out in a PR from this company. Nothing stated in previous PRs has come about. And I do not mean that they talked about a PR and then did not tell us that the deal is complete--I mean that they could atleast state that it is ongoing, that they have fallen through, that the Chinese company has offered/counteroffered...you get the idea. They have not said a word about anything since the originals. We have no finacials on this company since last year. We have no idea about sales, orders, etc. We just need to wait for the R/S, hope for some overhyped enthusiam and get the heck out leaving the stock worthless just like Orlando left all of us.
Maronti
It is the only play left. The company cannot raise money any other way. Right now their 3.5 billion shares are worthless to sale because there are no buyers. They are going to have to do something to increase the buying pool which is zero right now--none of us even want to buy it. They have tried to run up the price with the PRs and it did not work...not when they wanted it to anyway. They mistimed thier PRs with thier increase of 3.5 billion shares. If they had increased and then released the buyout and the Honda deal they may have been able to wiggle the max payout, but as it stands right now they have NO other plays than the R/S and sale on the way down. A reverse split of 200 to 1 only takes them down to 2.5 billion shares A/S. It would move the PPS to somewhere around 0.01 to 0.02 per share. They would have to move more aggresively to make the market take notice of them again, but with this economy right now...no one can take a company that have 5 billion shares authorized, is sitting in the basement of the pinks, and no management team other than the knuckle heads we see now--seriously. Money is tightening up and no one will risk the move with them...not even speculatively.
Okay just watch. it is the only way they can use what stock certificates they have left to raise capital. Most of us here are not looking for your .0001 bounce up to double the money. We have been herre longer and were looking for the real deal with this company. The logical thing for them to do is to decrease their exposure in the market by offering the R/S (which they can approve without going to the shareholders because of their reserves in holding) and then dumping the shares that they just increased and did not release. While they will by dividing their own holdings by 200 to 1...they will still make out like bandits when they go to sale. I just do not live in your candy coated world. NO BID. even though the ask is now down to one...no one wants to buy...so even if we did move up today to 20 cents per share there are no buyers to unload our shares to.
JMHO and just a small dose of LTDI reality
R/S coming in the 200:1 or greater range.
Wait for it....
Wait for it....
you get the idea.
Thanks Orlando and Carolina. You have truly shown how not to run a public company.
Gail
You really must understand that many of us have been holding longer than the recent dip to .0001. We have a vested interest in a company that promised results when the PPS was sitting at an average of .0008. For you to come in and make your statements really just shows how short of a ride you have had so far. If I had purchased my shares when you did then I would be sitting with 60 million shares. I am not and therefore (like many) I am upset with the manipulation of the stock by Orlando. He types up his own PRs, decides when to release and if to release, and has decided to remain silent on boat sales which is a basic component of any public traded stock public information. There is no sunshine here and we have stepped into an area that will not see the light of day unless he starts to be honest with the share holders and stop passing information via telephone, which he knows is not legally binding--but ethically it is. This stock position is now viewed as an unethical public company by many of the shareholders. I agree that Mansuvi has every right to send the email (though I doubt it will ever get answered) and with the postings on this site, I would say that he has spoken the majority shareholders position.
LOL...facts are posted here and you post the chart??? why??? the chart is meaningless without bids. The chart is meaningless without the substatniated PRs that everyone on this board has been begging for Orlando to come out with. The only thing that can come of this is Orlando coming out and telling us that:
1) There are no mentionable sales figures for this fiscal year.
2) The Honda partnership has been canned.
3) The Chinese company has backed out.
Then we will see the R/S and the PPS tank further. Read the writing on the wall. The only reason to hold on to this is to wait until the last minute to dump and claim it on your taxes.
See that is the ting about diets...they are all fads and if you dont stick to the diet then you end up worse than when you started. And looking at where we are now, this would have to be considered a crash diet...i think the only thing left is the burn in this crash and burn scenario.
Maronti1
I enjoy your optimism, but looking at the big picture--stocks are falling off of scares of some of the biggest names out there failing, we have an inadequate CEO and COO, and we are at NO BID. While you are right in saying it is not over yet, they have yet to sell the stock and declare bankruptcy protection. We are not going to see PPS highs that we could have seen if Orlando and Carolina had done this right two months ago. They have led us down a path of minimal returns and they seem to be happy that we are here. How is Orlando paying for the trip to China, why wont he say anything about Honda, and is he just going to boat shows because they are "cool" or are we selling boats.
It is not over, but I can hear the Fat Lady warming up in the wings.
Right now i would have to agree fotog...this is looking more and more like my write off for taxes this year.
Actually the news concerning Honda did not come from newbies or pumpers, it was released by LTDI in a PR over two months ago. The speculation surrounding the circumstances for the partnership have been fueled by pumpers and dumpers though.
Latitude Industries, Inc. Enters Into Negotiation Talks With Honda Marine
MIAMI, FL , manufacturer of offshore high performance sport and center console quality-made boats, announced today that it has been approached by Honda Marine and they have formally entered into negotiation talks.
Honda Marine is the pioneer in four-stroke engine technology, setting a new benchmark for fuel efficiency, quiet operation, and low emissions. Honda's outboards share the same unparalleled durability, quality, and reliability of its legendary automobiles. With models ranging from 2 to 225 horsepower, Honda Marine's full line of current production models meets rigorous California Air Resources Board (CARB) 3-Star standards, ensuring their availability and regulatory compliance in all 50 states.
The National Marine Manufacturer's Association has awarded Honda Marine "Best in Customer Satisfaction" for the last four years in a row. Honda outboard engines deliver the power, fuel efficiency and reliability that enhances any boating experience.
"We are delighted to begin talks with Honda Marine. We believe our cutting edge, rock solid and, as recently mentioned by Hot Boat Magazine, 'stealthy boats' will blend together nicely with Honda to provide today's boating market with fully-rigged boat and motor packages," stated Orlando Hernandez, COO of Latitude Industries, Inc.
Are we in a NO BID situation?
Does it really matter now that Orlando has assisted those selling to make this into no real money? End result is that we are all up to our necks swimming naked with alligators...and he does not seem to care in the least.
They also stated that they would release a PR last week and did not. If they are being told to be silent about the buyout then fine, but I cannot believe that they are being told to be silent about all financial information--they could come out and tell us something about Honda, the intent behind the additional shares, the shows, boats sold, etc.
I am a little unsettled by posters who come on here and only post the sunshine of the company even when looking at things that dont make sense that the company has done. I do not want to be a part of the sunshine poopers. I will only state on here what I find when doing DD...good bad or indifferent.
I am not saying the company is dishonest, but they are being less than truthful with information on this company.
I will go along with the TA being "gagged" for now. I am still not so sure that the TA has any real play in any Pinkie anyways since they are non-reporting companies and a TA is not required to "file" any paperwork...you can simply call them or write them and that does not pin them down on any true reporting of the share structures.
The timing of the gag is insignificant to me. More significant is the time frame of Orlando passing information about a buyout, the increase in the A/S, and now no word being passed at all.
If Orlando wants to sell the 3bln increase at this level (and gain a whole $600,000 in the sell) then more power to him. I believe that if he truly mislead investors and took the money and ran on this one, that he will get his payback 3 fold in the end.
That got updated when I came in as the Mod. We found the docs filed for the increase over a month ago, so to come out and say now that it is not there is just not credible.
I want this stock to do very well. I have quite a bit invested here just like most, but I am not willing to poop sunshine to get more investors here, increase visibility on it, and push the price up just so I can slither out on my belly with a few dollars profit.
If the company comes forward and gets itself honest with the investors again, then we will see the heightened visibility, credibility and a higher share price.
Cyclone and Jungle
You two are having a very intersting debate here, but this is what the iBox states:
Share Structure: 7/02/2008 Latitude Industries' share structure is as follows:
5,000,000,000 Authorized Shares
847,408,357 Shares Free Trading
500,000,000 Control Block in certificate form issued 5/8/08 under an escrow agreement
632,359,482 restricted shares
(619,088,215 shares currently in CEDE as of May23, 2008 -- this number represents the float of LTDI)
Now the one point that has been debated on this board has been concering the amount of the shares free trading. The company has "published" all the proof they need to for the A/S being increased. It was filed with the Florida Secretary of State. The are not required to and will not be publishing anything concerning this with the SEC.
I could really careless if the shares being bought at this point are those additional A/S shares. It obviously has not factor on what is being traded now...the only way it will effect us is if there is a buyout coming and they offer less per share. As I stated last week, I think I would be happy at this point to have someone "pump" this one to get it back into some type of "reasonably respectable" prices.
Actually not a bad recovery of sorts today. Heres to more moves upward like today
Who is everyone claiming the TA for LTDI is? What is their name? How do you know the TA has been gagged? Where is the PR that specifies that?
What happened to the ask??? I dont see any ask prices listed. Any one got level II on this one
Anyone got level II data on this one??
Well as we all continue to speculate, the Olympics has come to a close and we still await some type of PR from our company that was due last week. As far as shorters being here...this I do not believe as we have seen strong buy volume with no real efforts to drive the PPS down to .0001 and even if it went there we are not seeing the profits that a shorter would normally be attracted to. This is just a waiting game and only the strong stomachs will survive.
alphatrade.com
Just another day sitting in the quagmire that has been cultivated by Orlando. We still have no PR update and are now over a month since the midpoint PRs that were released. Even after talking to Orlando, I do not have a good feeling about what he is doing with this company. I too am baffled by the buying that has occured in the past two days and can nly hope that MMs are loading for a run. At this point I think I would take the run developed by P&D instead of continuing to wait for the "PR" to be released.
I have no idea what is going on with this one. I wish I knew. I wish I knew that we were going to see better PPS values, but I am not sure we can get ourselves back up to .0012 at this point.
42m buy 13m sell
one blip to 1 but everything else is at 2
Agreed and that is exactly what i am talking about...I am not deleting anyones posts...and I am still holding my shares...still waiting...still looking for the truth and posting what I find...if some of you think that i am whining because of the truths that i post then I am sorry, but I do not see it that way...like i said you all can certainly contact the iHub Admin and have me removed to put in place a person that only poops sunshine if you would like...
Because there was no answer, no voice mail, no answering machine. Are they moving? Did anyone else get any info today that is only for the elite investors which some of you must be part of the club with?
Many on here have talked about the group of pumpers and dumpers (of which I do not belong) I have posted on three different boards--all of which I am invested in. Yet if one person comes out and says anything bad about this company they are automatically told that they do not belong here, they should sell, or that they are just whining. Well hold up your end then on being part of this board and do not just show up to taut the land of milk and honey--be willing to reasonably discuss the facts of how Orlando is running the company.
I do believe that this company still may be in the scam category (why do we have all of these deals, they are making so many boats, they are a real company and yet we sit at 0.0002?). The two hyped shows produced nothing? how? Where did all the people go that were with this board before? We have a lot of new faces here now...some that have now become just as vocal as the claims from that group that you all say are the P&D crew of iHub.