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OTCBB and OTC stocks can run to dizzying heights because the players choose to run them . LTDI could just as easily run on
10 % fundamentals and 90 % momentum just because the MM's and their symbiotic retail players decide to run this stock .
If Latitude ever does provide 100 % fundamentals then the momentum could be exponentially stronger . Their boats are REAL and they are not made in Dubai or Russia or China or some other
country ....no-siree-bob , those boats are made in the U.S.A. and shareholders have even ridden in them .
I can name 40 stocks over the last few years that had NO product , NO market ( excepting foreign countries where obtaining proof is nigh unto impossible ) , with lots and lots of toxic dilution , yet those stocks ran from the triple zeros to the single zeros . You betcha , those runs created crippling losses to those who bought into the FALSE promises and FALSELY
induced momentum . The MM's and players DO NOT CARE !!!!!!!!!!!!!!!!!!!!!
I can list 10 stocks off the top of my noggin that fit the hollow shell definition and those stocks trade in double zeros as we schprecken . LTDI should minimally be in double zeros just on the fact the company is REAL and not a hollow shell .
The uncertainty has been created by the company's silence so far , and the brilliantly planted seeds of doubt .
Just ONE verifiable announcement , or just ONE other catalyst is all the MM's and players need to run LTDI for THEIR gain . We are incidental to THEIR gains .
As Elmer Fudd would say , west and weeewax until either the fundamentals or induced momentum kicks in .
The boats are REAL ......remember dat .
Renee
Just trying to provoke thought and reason , as you say , Cadillac . THANKS to you and Icuronittwo for your comments .
Renee
Indubitably , Elder Indian , ' in a perfect world ' there would not have been the untold billions of dollars lost to public shareholders from any of the noteable scandals in the past few years , like REFCO , Bear Stearns , Fannie Mae , Freddy Mac , Global Crossing , Exodus Comm , the infamous Enron , etc etc , and of course the untenable losses on MOST stocks on the deservedly maligned OTCBB and OTC Systems . I estimate the combined losses to sacrificial public shareholders exceed ONE TRILLION DOLLARS from corporate incompetences , malfeasances , outright frauds , SEC gross negligence , Market Maker gods who do whatever they please with impunity and apparent immunity , and the list goes on .
Ethical companies are mired down by unethical companies ....a paint brush thingy , particularly on the OTCBB and OTC where crooked CEO's get away with whatever they want , so the same paint brush is used with all of them . The roulette wheel also has the same odds against , but maybe , just maybe , the wagered number does come up once in awhile .
More to your references to Latitude we at least have observed
hands-on boat production . The boats are real . Your repeatedly negative insinuations about Latitude and YOUR perceived " red flags " could very well end up being true , yet you have not visited the Company as other shareholders have done , nor have you ridden in one of Latitude's boats as other shareholders have done , nor have you looked into Carolina's or Orlando's eyes as other shareholders have done .
With your keen abilities to detect scams and red flags one can think that you would prefer to speak with authority rather than a broad paint-brush , you know , to protect your own wampum first and foremost , and your pedestal reputation that you seem to covet .
If you desire for me to respond to you in future , unsolicited replies to my posts then you should refer to me as YOU or Renee or Seabiscuit which would be consistent with your evident abilities in articulation . You may reserve ' youse ' for other members of your tribe .
My post about the three billion A/S stands as written .
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
Di4 : Thank you for your commendation . Let me elaborate a bit more .
Authorized Shares are currency for any company .
Skepticism abounds ( justifiably ) on the OTCBB and OTC Systems whereby A/S are typically used as the main source of income for companies that do not earn money . Those companies live off the avails of gullible public shareholders who buy those converted A/S on grandiose promises from the diluting companies . Presently , LTDI at a PPS of .0003/4 cents is being categorized in the very broad group of infamous stocks that dilute like water-taps with no tangible asset gains for the serial dilution .
LTDI shareholders have witnessed first-hand that Latitude makes state of the art speed-boats ....not run of the mill
putt-putt boats . There is overwhelming evidence that Latitude
is selling their boats . Latitude EARNS MONEY NOW . That fact alone separates Latitude from most other OTCBB / OTC companies that have no product to sell or no market to sell into even if they do have a product .
When a company does not need to dilute to ' keep the lights on ' so-to-speak , then the A/S are more likely to be used as currency for another purpose . There are no co-incidences in the stock market , and a company that raises their A/S usually wants to use those shares immediately . Since it appears that Latitude doesn't need those shares for dilutive survival purposes the other choices are for growth of the company ; for a poison pill protection against hostile actions ; or for currency to increase the value of Latitude in buy-out negotiations , because those 3 billion new A/S are worth MONEY .
If indeed there is a buy-out candidate for Latitude there are two directions an acquirer could take Latitude , and that is PRIVATE whereby all existing shares are paid out , or keep Latitude a PUBLIC entity , whereby the 3 billion A/S would then be owned by the new company , divied up as currency shares to the actual persons buying Latitude and some of the A/S to the corporate structure of the acquiring company .
An acquiring company that then has 3 billion shares under their control should strive to minimally sustain the dollar value of those shares and optimally strive to enhance the value of those shares .
Predicated on Latitude consumating a sale of their company the current shareholders would likely benefit from the newly Authorized Shares because the value of Latitude increases by virtue of the A/S having currency value to the sale price of Latitude .
To silence any peanut gallery cynics the word ' predicated ' puts ALL the responsibility on Latitude Industries to use the 3 billion A/S responsibly and with regard to the current shareholders , whatever THEY choose to do with those shares .
Renee
A soliloquy on the A/S increase :
#1 ) The most negative implication for any company on the OTCBB and OTC to raise the A/S is for dilutive reasons , such as
non-recoverable operating expenses and management enrichment at the expense of shareholders . LTDI shareholders are under the impression that LTDI can meet all operating expenses with the revenues from selling boats so there appears to be no need to dilute for operating expenses . Also , from the impressions of C&O Hernandez by shareholders from this board who have visited the company and met the Hernandez's face to face and have observed the Hernandez's hands-on involvement in the company it does not seem likely that the Hernandez's would dilute shares to enrich themselves at shareholder expense .
#2 ) When any company on the NYSE , Nasdaq , Amex , OTCBB , or the OTC converts A/S to O/S for the purposes of GROWTH then the shares used are not dilutive to shareholder equity because there are FAIR VALUE assets acquired for every share used to buy those new assets . If LTDI were to purchase or lease a bigger building and more equipment to make more boats then any use of A/S would be GROWTH directed towards increased revenues .
#3 ) A/S can be used as a poison pill by ANY company to prevent a hostile take-over .
#4 ) Specific to LTDI the new A/S could theoretically be used to
give an acquirer a substantial portion or all of the A/S as a
lucrative inducement to pay a higher price for Latitude Industries . Permit me to use an example . If Latitude was worth $6 million under their current O/S share structure , including current contracts and including current asset value then the buyout price would be approximately .003 cents per share , based on 2 billion O/S ( float + restricted + escrowed shares ) .
Now , permit me to use an example of a $24 million buyout whereby the acquirer receives the estimated $6 million value of Latitude and 2 billion of the 3 billion A/S as restricted shares . It then increases the value of the current O/S shares to .012 cents and the acquirer receives the company PLUS 2 billion restricted shares that are also worth $24 million on paper . Essentially the exampled 2 billion restricted A/S gives them Latitude Industries for zero cost predicated on the new company enhancing business operations to warrant a sustained market cap valuation of $24 million and higher .
So , the recent increase in the A/S will be used for one of the above situations . It would be inconsistent with the Hernandez's
demonstrated sweat equity in their hands-on company to harm their personal investment in their stock , so it is my opinion that dilution for non-recoverable operating expenses or for personal enrichment at shareholders expense is the least likely of the scenarios presented in this post .
Renee
Appreciated feedback , Cadillac . Oh ....and a special welcome to FiveStar , my friend .
Renee
As your Moderator I expect posters to comply to I-HUB's crystal clear Terms of Use .
Posts about HCPC are compliant , whether those posts are positive or negative .
Posts about other posters are non-compliant .
Renee
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
HCPC Board : It is my pleasure to announce Squid Brillo as an Assistant Moderator for this board .
Renee / Moderator
I find it odd and disconcerting that NO exceptional concerns were expressed about Latitude Industries or the stock , LTDI , during the preceding TWELVE months whereupon the share price kept going DOWN , DOWN , DOWN .
From the recent news releases that portend great things for Latitude whereby the share price for LTDI should be going UP , UP , UP , it becomes increasingly disconcerting that the disparaging comments on both company and stock are only occuring NOW .
If only the benefactors of such exceptional concerns about Latitude had the same convictions of conscience when the share price dropped from .20 cents to triple zeros .
Latitude is moving forward . The stock is being manipulated .
Make the connection !!!!!!!!!!!!!!!!!
***** READ my signature .
Renee
Lawson Digest : Your weekly view of the chart shows a prolonged 12 month downtrend from ~ .20 cents . The established bottom lasted for a reasonably short 3 month period , and is now showing a clear uptrend . The shortened bottoming period implies that PPS recovery is very possible
and attainable , so your easy to view chart is perfect .
When most OTCBB / OTC stocks bottom out the bottoming typically lasts for many months to years and it has been my observation on those stocks that recovery to a clear uptrend seldom occurs for various reasons , not-the-least of which is the vast volumes of shares bought at the bottom interferes with a confirmed uptrend .
Astute LTDI investors can easily see that 7 months ago the PPS was well over .012 cents . Predicated on fulfilled material events by Latitude , investors in LTDI can see the carrot of much higher PPS valuations within reach .
Although your displayed chart isn't detailed it does show how easily LTDI's PPS could return to higher valuations upon the right trigger event , like the very profound HONDA news for instance , among other anticipated material events .
Renee
Intuitive and well supported viewpoints , Sharga , to which I agree .
A shame that your fingers are tired ....I could read more from your keen mind .
Renee
I have been asked to post a message from an LTDI investor :
His statement : " I just tried to buy 100K shares through BofA at .0008 and .0007. Both got rejected, and, on my brokers page, there IS no bid/ask being shown. "
Once again , thank you for that repetitive reminder , Informer .
Had we only known of your concerns PRIOR to May 14th , 2008 , when the PPS of LTDI kept going DOWN and was allegedly naked shorted with counterfeit shares for the 12 preceding months .
Alas , at least we know now , just as the share price is finally going UP and those that allegedly naked shorted LTDI are in a bit of a predicament to deliver those alleged volumes of Fail To Delivers .
Thank you for your impeccable timing .
Thank you SO much , Informer , for your assessment and epiphany on Latitude . My oh my , if only LTDI investors had known that information from you for the TWELVE preceding months when the share price kept going down , down , down .
It is a blessing in disguise to read such valid assessments just as the stock is finally going UP , UP , UP .
Sincere THANKS .
Much appreciated support , Geaux !! EOM .
MM's can do whatever they want on the OTC with zero scrutiny from the SEC . The SEC by their own disclaimer DOES NOT SUPERVISE the OTC System ( notwithstanding criminal activity ).
Latitude has recently alleged that there exists a vast naked short / Fail To Deliver position in LTDI . So , either the company is blowing smoke up everyone's keesters or the MM's have deducted that they should deliver the FTD's / NSS before Latitude releases more profound news .
Predicated on the company hopefully NOT diluting , the volume of 100+ million today could just as easily be walk-down cross trades between the MM's to present a FALSE weakness in the stock to induce selling whereby they can pick up the needed shares to meet their alleged naked short position . MM's are gods on the OTCBB & OTC Systems and they can do whatever they want with impunity .
This explanation is just as plausible as the chest thumpers proclaiming the company surely must be diluting .
HONDA is earth-shattering news . If Latitude needed money they could soon borrow from Honda's TRADITIONAL loan features rather than diluting shares for fractions of a penny .
Renee
Good post , Titan . IMO any false take downs by the meany MM's
will likely result in strong buying which would further exacerbate their presumed NSS position . They need to buy back / deliver the NSS and remove those counterfeit shares from circulation while strong competition will occur from retail investors clamoring for shares . Therein the principle of a short squeeze .
This is predicated on Regulation Sho having any merit whatsoever to forcing MM's / Hedgies , whomever , to get a company's share count to the official Outstanding Share count by removing from circulation all Fail To Delivers / NSS .
To my understanding Latitude Industries is presently suspicious of HUGE naked short positions in LTDI , so any pro-active measures that they can undertake in addition to profound material event news will pressure the MM's ( etc ) to finally cover .
As I see it .
Renee
When Homeland Security buys a product from any company you can be assured that THEY did their own special kind of due diligence ....like ....scrutiny under a microscope !!
LTDI investors can be assured that Latitude Industries is squeaky clean in ALL respects .
No phantom deals with Dubai , or Russia , or China , or any other country that so many OTCBB and OTC companies like to press release , and which can never be verified . Oddly , those companies' stocks can run to over .10 cents ....even .21 cents for one water stock . Investors buy the fairytale story only to find out that they bought Pandora's Box of snakes instead .
No-siree-Bob ....the United States Government chose Latitude , and HONDA chose Latitude .....all VERIFIABLE material events .
One can be allowed to think that if the FLUFF companies can run on zippidy-do-dah nuthin' , so too can LTDI run on rock solid evidence . The qualitative difference is that a fair market rise in LTDI's PPS should be sustainable .
The additional magic to LTDI is the company NOT having any convertible , toxic debt , because any run associated with toxic debt invariably results in extreme dilution and shorting . The absence of convertible debt is a BIGGIE !!!!!!!!!!!!!!!!
Good corporate business practices will benefit ALL entities dealing with Latitude , not the least of which are the shareholders .
Renee
Isn't that nicely co-incidental . A proposed Honda Latitude car and implied Latitude speed-boats with Honda motors .
Good snooping for info stuff , Goforthebet .
Renee
Honda : $122 Billion Market Cap , just gave Latitude Industries
the best validation on Earth .
Latitude's ~ $1.47 Million Market Cap goes up , wayyyyyyyyy up on that powerful validation .
Dozens of OTCBB & OTC companies that pump promises after promises with ZERO results trade much higher than a lousy .001
cent .
IMO it began with Homeland Security's strong validation . Now Honda could market boats with Honda motors to many other nations
needing waterfront security , plus , of course luxury speed boats for the avid . That's the elixer , that Honda sells their vehicles in virtually EVERY country on Earth .
Gotta think outside the box .....think PLANET EARTH .
LTDI : .001 .
Potential life-altering rewards for those who ' get it ' .
Condolences to those don't .
Renee
Too funny , Argonath , but really bang on to what happens to shorters who cheat by nakedly shorting a stock over months of abuses . Under Regulation SHO the naked shorters MUST buy back the phantom shares and remove them from circulation . As retail demand dramatically increases there will be extremely strong competition to buy LTDI shares . As the naked shorters deliver / remove from circulation all Fail to Delivers
( a.k.a. NSS ) there will be fewer and fewer shares to fight over . When DEMAND exceeds SUPPLY .....price goes up in perpetuity until they balance out .
The absence of dilutive Convertible Loans makes it impossible for the rotten-to-the-core Market Makers from hiding anymore NSS upon strong material event news ....like HONDA for instance .
Dagnabbit ....this may yet be the MOASS .
Duke and Mortimer learned their lesson the hard way , sniff sniff .
Great picture from the movie Trading Places .
Renee
Honda Motor Company trivia :
$122 billion market cap .
3.504 billion shares outstanding
PPS : $33.66
http://finance.yahoo.com/q?s=HMC
LTDI :
1.479 billion O/S ( including 632 million Restricted )
$1.47 million market cap
PPS : .001
Skill Testing Question for any Idjits out there . Will LTDI bring Honda's $122 BILLION market Cap lower , or will HONDA's $122 BILLION market cap bring LTDI's puny little $1.47 million market cap higher ?
OK....here's a little hint : The Jolly GREEN Giant said to the peons below , ' look up , look WAYYYYYYYYYYYYYYYY UP ' .
Renee
Just got a wink from Aretha Franklin , she may sing R.E.S.P.E.C.T. at Latitude's next boat launching ceremony .
I mean , after-all , Honda sure gave Latitude a whole plate full of RESPECT today .
Altogether now ....R.E.S.P.E.C.T. to the tune .
R.
Honda ...one of the most respected , internationally recognized names on ye-old planet Earth ....and Latitude is now validated by Honda , and someone asks " why this is great news " ?
I think Yosemite Sam would have the right name for such a critter .....Idjit .
Very powerful news today .
Good grief , any public company listed on the NYSE , Nasdaq , AMEX would think they had died and gone to Heaven to have such incredible validation from a Blue Chip like Honda .....and for a Pink Sheet stock to get such resounding validation is absolutely mind boggling .
Latitude Industries is demonstrating blue chip , industry leader capabilities and qualities .
As of today LTDI isn't so pink anymore .
Renee
Two points on this powerful HONDA news : Either Latitude just dramatically increased their worth to a potential suitor or the company could just decide to go forward under their own corporate domain and build the company and stock on GROWTH fundamentals .
Todays news is very profound .
Renee
Now THAT is what I call earth shattering news . HONDA .....
one of the most respected names in the world .
When Heritage files their promised audits for 2005/6/7 the audits will show by their disclosure or by their absence whether the commission refunds ever happened .
Continued discussion of such contentious issues is futile until the promised audits are filed .
Take note that further discussion on this unresolveable topic MAY be deemed repetitive spam with appropriate action taken .
Renee / Moderator
WOW ....now that just knocks your socks off .
Thanks , Miagi .
LTDI is worth a look , Gail . Informative I-BOX with verifiable info .
Renee
Darn good , hands-on stuff , HDOG . Speaking of horses this little filly thinks LTDI could be a Triple Crown winner .
Neigh , Neigh , Renee
Interesting conversation for sure , BUT , until those audits are filed it is an exercise in futility to argue about it .
Exactly , Chefdujour . Audited financials will reveal all paper trails . No stone can be left unturned inthat an auditors registration to audit public securities mandates meticulous scrutiny .
Every penny must be accounted for , in an audit .
Skepticism and vigorous debate will abound until the audits are filed .
Of course we're ' out there ' . The PPS is what it is until Latitude provides convincing evidence to make the PPS a thing of beauty .
An ounce of faith could turn into an ounce of gold .
Just waitin' for the right material event trigger .
Heck , MM's can run any stock to dizzying heights just because they can , many times irrespective to fundamentals or lack thereof . I have observed some stocks with zippidy-doo-dah nothing run like Forest Gump .
The MM's know they have a captive audience with LTDI....they proved that with strong volume days . They know that they can run LTDI , either when they're ready or when Latitude gives
the reason(s) to do so .
Renee
For such a volatile day for LTDI the boardmarks went up by 14 more today , so there is increasing interest in this stock .
When people sell out they usually take their boardmarks with them . So ...looks to me like 14 more humans like this stock than those who parted company today .
Not exactly a science but it sho is a long held observation .
R.
Auditing clarification : Fiscal year ends are audited . Quarterlies are NOT audited but are reviewed for auditing accuracy to ensure the year end audit is perfect .
Geaux Fish , now dat's what I call a ' don't mess with me ' kinda boat .
I have a good connection with someone in the Canadian Government ....hmmmmm.....I wonder if the Midnight Express comes with a human-heater , or at least a foot warmer , hahaha .
Terrific picture , Geaux !!!!!
Love it , love it , love it !!
Renee
One cannot understate just how powerful is the validation to Latitude Industries by Homeland Security buying 40 boats .
Whichever " international group " is interested in Latitude would capitalize on the H.S. validation to their own respective country and in marketting the boats to other countries .
The H.S. purchase is a BIGGIE to the interested group .
As I see it .
Renee
Thanks , Di4 . You will notice your MM increased by one as well .
FYI , it was one of your posts that I read while I was screening the ' HOT ' board that initially drew me to LTDI .
Task oriented posts are noticed by others ....in this case , by me to one of your posts . Then I was able to see an amazing group of task oriented posters on this board .
Thank you to all LTDI focussed posters on this board !
Renee
PlatOOnSarge , in 11 words you completely described the essence of this message board thread , some posters disparaging ' Onev on the brink ' , some posters advocating
' Onev on the verge ' , and some posters contemplating ' Onev on the ropes ' .
You said it all .
Renee
Alien-IQ , you wrote an exceptional , humanizing assessment of Latitude from each aspect .
You had me drinking your words .
Renee ....an Earthling fan .