Retiring
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Didn't Quiros mention US contracts coming soon?
OTC Markets is not a regulator. Dark reporting is never a good idea. Filing with a regulatory agency like the SEC is more legitimate than filing with OTCM.
Official Documents submitted by LATF is more credible.
Press Relaeses with forward looking statements? Unaudited financials? Fraudulent filings with OTC Markets?
You mean these types of official documents? Unregulated documents?
Do you have any idea how much it costs to bring and keep a company SEC compliant? Or the fees that need to be paid to OTC Markets? It ain't cheap. Quiros and his father have loaned the company money in order to do this, they obviously need more money and borrowed it from Asher. Who has since sold out. Remember the filing?
Isn't Quiros the current CEO? STLK had the debt, it wasn't brought on by Quiros. From $7M in debt to around $500K sure looks like a bad idea I guess.
You'll have to go back and look through the filings, just like I had to.
Wrong!! Quiros wasn't around when that debt was booked. Again, I already pointed this out. Tarpon bought the debt from the old officers. Quiros DID NOT go to Tarpon for financing. A deal was worked out to settle the long time debt for pennies on the dollar.
I had an outside, unbiased source look at the filings to help me figure that out and this is what they said...
look at the long list of loans by officers in 2009, 2010, and 2011. Those are the years in question.
...that is where the accountant booked additional paid in capital as they at the time did not enter any related party payables in the 2012 OTC filing.
So they(Tarpon) sued for the debt they acquired for pennies on the dollar.
Because of who's behind Tarpon but, either way debt reduction is a good thing. Yes?
Tarpon didn't finance STLK, that's where you got it wrong. It was debt that was already attached to the shell before Quiros was even around. I already showed you this.
So, you're saying that $500,000 in debt scared traders away? C'mon man. Keep in mind that debt was 50% higher last quarter. I guess paying off debt is a bad thing for a company to do.
This was explained directly to you on the fraud and research board.
No it wasn't so there's no link. I was given an opinion. They hadn't even looked at anything.
Death spiral financing, LMAO!!!
I don't see it either.
Oh no!!! You mean 36M in death spiral shares? We're doomed!!! LOLOL!
It's popular belief that dilution goes on everyday because it's a death spiral. Look out below. Half a million in debt is gonna kill the company, lol.
Would it have been better for STLK to keep $7M in debt?
Go back to when LATF filed their first fraudulent filing with OTC Markets. 2012. Start there. It's been nothing but, scam after scam after scam.
If it was wrong 5 years ago, it is still wrong today.
The HESG/Gaffney scam was alerted 5 years ago. It was ignored. Suffer.
In Denver or Peyton? Your link says Peyton. Have you ever looked at a recent satellite view of Peyton, CO? Don't be too surprised if you see a bunch of nothing.
Setting aside the debate about the legitimacy of LATF and/or it's activities, keep this in mind...
SEC Charges Four Promoters with Manipulating Marijuana-Related Stocks and Other Microcap Companies...
http://www.sec.gov/litigation/complaints/2014/comp-pr2014-159.pdf
That group was involved in a LATF pump and, in the end, were completely embarrassed at what they got themselves involved into.
Does LATF still seem like a good place to dump your money? Does it seem safe? Any day it could all just disappear. Just sayin'.
Came across this during some DD. (no pun intended)...
Marijuana Can Ruin Your Erection
Fix your Marijuana induced erectile dysfunction (ED) with NiteCapX.
http://www.nitecap-x.com/marijuana-s-effect-on-erections.html
Had to laugh.
All of it won't be added at a single time. Sheesh.
The company also states...
The Company’s legal counsel and auditors are included in that debt, which has allowed us to maintain full reporting to the SEC. This 3(a)10 process is underway and will continue till the debt has been paid in full. While this price pressure is uncomfortable, it is necessary to ensure the Company’s viability. The Board believes that the expected revenues and progress with PSS should assist with this pressure, more so when the process is completed
EDIT: STLK is a startup company. This is what they have to do. They ARE NOT doing it to harm the shareholder. They are doing it to stay alive. It's not a scam. Even though some of their actions are questionable. At least it's a REAL company with REAL people that won't lie to shareholders. If it were a scam, we'd be sittin at .02 right now, that's just how the OTC functions.
According to their shareholder update it's closer to $500K now.
This is a better link... http://www.sec.gov/Archives/edgar/data/1569055/000149315214000834/0001493152-14-000834-index.htm
The exhibits are linked there.
Sorry but, I have to say that .0009 is pretty darn close to .0008. Don't ya think?
Snicker.
I wonder why he resigned.
Sorry! There was an illegal act committed under the watchful eye of the (SEC and FBI). I'm so sorry to tell you.
Sorry but, these illegal acts go on all the time in the OTC. Can't change it now, I'm sorry to tell you. The Gaffney scam was alerted YEARS ago and it was ignored. This is what happens.
DecisionPoint™ Systems, Inc. (OTCQB: DPSI and OTCQB: DPSIP), a leading provider and integrator of Enterprise Mobility and Wireless Applications, announced today that Chief Executive Officer Nicholas Toms, 66, tendered his resignation today, effective immediately. The Board accepted his resignation from management, as well as from the Board of Directors.
DecisionPoint™ Systems, Inc. (OTCQB: DPSI and OTCQB: DPSIP), a leading provider and integrator of Enterprise Mobility and Wireless Applications, announced today that Chief Executive Officer Nicholas Toms, 66, tendered his resignation today, effective immediately. The Board accepted his resignation from management, as well as from the Board of Directors.
Look at the filings, there's your proof. No issuance of restricted shares. The float has done nothing but increase right along with the OS. The float is in the billions.
FLOAT HAS DECREASED 200 MILLION SINCE LAST YEAR.
That's incorrect and misleading.
OS as of June 30 is 5,271,869,714
http://www.otcmarkets.com/financialReportViewer?symbol=LATF&id=125057
LATF is dark reporting for a reason. No auditor, no regulation. They filed an initial company disclosure that was fraudulently copied from another company. Why wouldn't they post false numbers? It's a scam.
Facts are LATF's revenue numbers are subject. It's complete hogwsh. Compare the COGS with the the shipment weights for the last quarter. The numbers don't jive.
Last quarter reports 5 billion plus are outstanding.
Lol, sure they do. That's how they operate. Illegitimate numbers for an illegitimate company.
Wanna see an even more disturbing number. Compare the cost of goods to the shipments made in that quarter. You just might find they claim to be paying $100s of dollars a pound, imo.
You have to look at the cost of goods sold. That how much they "claim" to have paid to get the magical shrimp that Mekonza imports.
$7.8M in sales, $6.9M in COGS and less than $500K in profit.
That's a lousy food cost.
You mean the acquisitions they claim or 'real' acquisitions? Do you see anything in the fins that indicate they paid cash for the acquisitions?
The only thing they've ever acquired were websites they created themselves.
Their numbers are skeptical and even if they are legit, they suck. LATF has proven time and time again that it's a scam. Financials for this pos are just a way to try and create volume so the company dump shares. It's been going on for over a year and it shows no signs of stopping.