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Exactly , Bluespirate . CEO Hernandez would have zero motivation to sell out his company , his lifeblood , for a measly .01 per share when he would be confident that company fundamentals will eventually realize a higher valuation much higher than one lousy penny . This stock was over .15 cents last July , and much higher than that in prior years .
It would be human nature and personal drive to want the share price to resemble those higher valuations , either by fundamental merit or by buyout .
Latitude is reaching new milestones of accomplishments ....really impressive accomplishments , so it would not be logical for him to just give the company away for less than what ' he ' believes his life's-work is worth .
Let me call it the intangible value factor , and it won't be for one stinkin' penny .
Excellent perspective , Bluespirate !
Renee
Even the scurrilous Market Makers like to look righteous once in awhile by allowing a stock to rise commensurately to material events . LTDI is long overdue for a FAIR market for the stock .
With continued material event news for Latitude and Latitude NOT having any skeletons in their closet ( Homeland Security would have put Latitude under a microscope ) , and Latitude NOT having convertible debt ( **** if there is traditional debt , that's OK ) , the MM's can look righteous in running LTDI to as high as they want when the right material event trigger occurs .
MM's run stocks . Period .
It is incumbent on any company to provide adequate PROOF to sustain the run . Few OTCBB / OTC companies ever provide the elixer of PROOF so their runs fail .
It is believed by astute LTDI investors that Latitude will continue to provide the magic of PROOF in spades , and a much higher valuation should be sustainable .
Blue water for Latitude's boats . Blue skies for LTDI stock .
A match made in Heaven .
Renee
Cardio Infrared's Cardio-Cor Exerbike to be Featured On 30 Minute Life & Leisure TV Show
Monday June 16, 9:45 am ET
LAS VEGAS, June 16, 2008 (PRIME NEWSWIRE) -- Cardio Infrared Technologies, Inc. (Other OTC:CIRT.PK - News), a leading Health and Wellness technology and marketing company, announced today that the Cardio-Cor will be a featured product on a 30 minute segment of Life & Leisure titled ``Health and Wellness Technology Innovations'' within the next few months.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc. stated, ``On May 6, 2008 Cardio Infrared Technologies, Inc was contacted by a producer of the Television Show Life & Leisure which is a magazine style show. The Show will do a story on 'Health and Wellness Technology Innovations' and would like to feature the Cardio-Cor as part of the story. Life & Leisure is featured on the Bravo Network with 70 million Cable Households and directTV Network. Life & Leisure also is received in Canada by over 2 million households via DIRECTV and the Dish Network. The program will also be available on Video On-Demand 24/7.''
Mr. Bailey continued, ``LifeAndLeisureTV.com website will have a company listing for Cardio Infrared Technologies, Inc. with a hyperlink for all direct responses and will be featured for 3 months following the broadcast of the program. The segment will also be both video and audio podcasted for 24/7 for one month. Additionally, the program will be on YouTube, howstuffworks and 12 other Video venues for an entire month following the broadcast.''
The script writers with Life & Leisure are now working on the script after which a production time will be scheduled. Production will take place at one of the Cardio-Cor locations. The production authorization has already been signed and production has started on the segment. Cardio Infrared Technologies, Inc has an opportunity to again reach millions of people that could benefit from the use of the Cardio-Cor unit. Cardio Infrared Technologies, Inc. has taken every opportunity to expose the Cardio-Cor and the benefit that it offers to the public. During the production time commercial spots will be produced and will be available for use to advertise the Cardio-Cor on local television and cable networks. This segment and the other video segments from ``Good Morning America'' and ``The View'' will be available on the Cardio-Cor website.
Cardio-Cor expects thousands of leads from this exposure and is gearing up to take advantage of the marketing opportunity.
Thank you for your corroborative posts , icurnonittwo and MBBLLEG .
Renee
Night dreams :
A little boy is awakened late at night by odd sounds emanating from his mother's bedroom .
He investigates by tip-toeing to his mother's bedroom and opening the door just a little so that he can peek inside . He watches his mother who is stark naked on top of her bed , rubbing herself all over and moaning " I want a man .....I wannnnnnnnnnnnnt a man " .
The next night the little boy hears really odd sounds emanating from his mother's bedroom .
Once again he investigates by tip-toeing to his mother's bedroom
and opening the door just a little to peek inside .
WOW , he thinks to himself , there's my mom with a man in her bed .
A few minutes later the mother hears odd sounds emanating from her son's bedroom .
She investigates by tip-toeing to her son's bedroom door , opening it just a little to peek inside . To her utter surprise her young son was lying stark naked on top of his bed , rubbing himself all over and moaning to himself ..." I want a bicycle ...I wannnnnnnnnnnnnnt a bicycle " .
A rabbit joke :
A precious little girl walks into a pet shop and asks with the sweetest little lisp between two missing teeth ,
" Excuthe me , mithter , do you keep widdle wabbits ? "
As the shopkeeper's heart melts , he gets down on his knees so that he's on her level and asks " Do you want a widdle white wabbit , or a thoft and fuwwy bwack wabbit , or maybe one like that cute widdle bwown wabbit over there ? "
She , in turn , blushes , rocks on her heels , puts her hands on her knees , leans forward and says , in a tiny quiet voice , " I don't think my python weally gives a thit . "
Mike : Exceptional post . I would like to stress the critical importance for Latitude to NOT have convertible debt .
Reason number one to NOT have Convertible debt :
When any company accesses free money via convertible debt there are obvious consequences to the shareholders as the entire burden is on shareholders to buy that debt . The collateralized shares are outrageously discounted to the lender , so the sheer volumes of discounted shares hitting the market is enough to drive any company's PPS into the basement
because the supply exceeds the demand and because the lenders
can afford to sell unlimited shares at bid .....therein the term TOXIC / death spiral ' convertible debt ' .
Reason number two to NOT have convertible debt :
By their own disclaimer the SEC minimally supervises the OTCBB System and they DO NOT supervise the OTC System ( Pink Sheets ) , notwithstanding the SEC's investigations into criminal activities of a company , but NEVER , NEVER , NEVER will the SEC investigate the manipulative activities of Market Makers . MM's are tantamount to gods who can do whatever manipulations they want with impunity on the OTCBB and OTC......EXCEPT against successful , viable companies that have NO CONVERTIBLE DEBT .
Under REG SHO Market Makers are legally allowed to use naked short shares ( NSS ) to either make a liquid market in illiquid stocks or an orderly market in liquid stocks , as long as they DELIVER those NSS within prescribed time frames .
It is broadly believed that MM's abuse their lawful use of NSS . It is my contention that MM's can get away with whatever nefarious actions they want when an OTCBB or an OTC company accesses CONVERTIBLE DEBT because the MM's can hide NSS in perpetuity under the cloak of zillions of new shares hitting the floats of serial diluter companies and because of the grossly inadequate supervision of the OTCBB and OTC by the SEC .
Latitude Industries has NO CONVERTIBLE DEBT . It is the most profound Material Event by its absence that shareholders of any OTCBB / OTC company could want .
Upon verifiable successes of Latitude Industries , eg. : proven contracts , proven revenues , proven profits , OR by a confirmed buy-out of the Company and its trading equity , the Marker Makers will soon have no camoflages to pro-long their hiding anymore NSS in LTDI stock .
As I see it .
Renee
Thank you for your welcome , Mike , Charlie , Tradingismylife , and Enygma .
I'm reading more on RTGV this morning .
Renee
Excellent , task oriented board . Boardmarked . I am satisfied with my initial DD and will be looking at a shareholder stake this coming week .
Renee
Excellent , comprehensive thoughts , NoCentsInvestor .
You gave us a buffet to feast on .
Renee
G_Money : All of your pictures of Latitude's boats take my breath away .
Can't thank you enough for taking the photos and posting them for all to see .
Renee
I also added a bunch at 7's this afternoon . Gotta buy a bigger boat for all of my LTDI fishes . Hmmmmmm , maybe a Latitude boat will hold them all .
The responses to my post are noted . It appears to me that BOTH sides are entrenched in their viewpoints with no tolerance for the opposing viewpoints .
Discretion in scrutinizing posts is subjective when many posts have combinations of ON TOPIC as well as OFF TOPIC / Personal Attack content .
Renee / Assistant Moderator
In my role as your A.Mod I shall define why many of the posts that antagonize some readers are allowed to stand in contrast to some posts defending HCPC are removed .
Simple , really . The antagonistic posts talk about HCPC and it is not relevant whether other readers like those posts or resent those posts . They are ON TOPIC .
Whereas the defending / retaliation posts talk about the posters writing the antagonistic posts , which CONTRAVENE the T.O.U. that each member covenanted to abide upon registration . Those posts are OFF TOPIC and are sometimes Personal Attacks .
It has been explained to me by one Admin that pumping posts have no greater entitlements than bashing posts as long as BOTH types of posts are STOCK SPECIFIC . It is also no-one's business to ask another poster if they own stock or ' why are you here '....PERIOD .
Admin has adequately addressed SPAM and inflammatory posts and they have fairly censured various posters from both camps when T.O.U. violations occur . Permit Admin , the Mod Squad , and the Board Mods to do their jobs .
Renee / Assistant Moderator
I-BOX updated to show the increased A/S to 16 Billion , with linked proof .
Renee
" given us reason to listen " also suggests to me that POSSIBLY a premium over fair value for Latitude's assets , Intellectual Property , and forward earnings was discussed .
Such premium offers for other businesses occur all the time
when the acquirer simply wants the targetted company and has the cash to buy whatever they want , particularly cash-rich foreign entities that want a U.S. company .
It is reasonable to think that an acquirer of Latitude would also want the public Security status in the U.S. Markets to further enhance their business operations and posess a covetted market capitalization .
For an " international group " that has " given us reason to listen " really does suggest ' to me ' that a premium would need to be on the table for Latitude to entertain such an offer , if an offer really does occur .
As I see it .
Renee
Thanks , Sharga . EOM .
In this cartoon I am the stork . The MM's just didn't want to fork over the shares I wanted .
I won , LOL .
http://homepage.ntlworld.com/graham.a.newman/stork.htm
Whew ....finished my buying . It was like pulling teeth from a chicken .
Row boat is full .
Renee
I'll take # 167 . EOM .
Faster : I dug up some stuff on K.Eade . Remember when the NASD was going to implement the BBX to replace the OTCBB and was intended to stop MM manipulations of stocks by forcing the MM's to " facilitate " real trades of real shares ? Guess who the lawyer was for handling public inquiries for the proposed BBX ? You guessed it ....good ole K.Eade .
No wonder the BBX proposed market to replace the OTCBB failed ....cuzz you-know-who wouldn't have been able to get away with his pilfering as easily as he has done with Imperia .
Not all accounts are settled in this life-time , but I am somewhat satisfied that ole Kenny will be shovelling coal in that Hot Place for a very long time when this life is over for him .
Have a super vacation , EHM .
R.
CYPW.pk : Raytheon contract news after-hours today .
http://biz.yahoo.com/iw/080610/0405560.html
Renee
CYPW : Amazing chart ( rats , I missed the lows ) and fantastic news after-hours today .....with Raytheon ....OMG !!!!
I will be a buyer tomorrow .
Boardmark #117
Renee
DarkLady : A few acronyms to consider :
#1 10Q : quarterly financial
10K : yearly financial
10QSB : quarterly financial for Small Business
10KSB : yearly financial for Small Business
#2 PPS : Price Per Share
#3 EPS : Earnings Per Share
#4 P/E : Price to Earnings ratio
#5 PM : Pre-Market
#6 OTCBB : Over The Counter Bulletin Board ( SEC Reporting )
#7 OTC : Over The Counter ( NON-SEC Reporting )( a.k.a. Pink Sheets )
#8 AS : Authorized Shares
OS : Outstanding Shares
F : Float ( shares owned by public )
#9 EBITDA : Earnings Before Interest , Taxes , Depreciation , Amortization
I was not aware of that , Phil . The Davey-Jones-Locker stock boards that I assist in moderating have not had cause for celebrations yet but should an occasion arise for rejoicing
I'll be sure to remedy those pesky weeeeee and yippeeeee
posts toute-de-suite .
That is twice in as many weeks that you have taught me something relevant to I-HUB . That's how I knew about this board , by clicking on your name and seeing what you've been up to .....voila , The Acronym Board .
Thanks , Phil .
Renee
Acronyms are becoming a new language for kids and other humanoids using smaller devices . Sometimes I need an interpreter for some of the texts I receive from clients .
Even the most aggravating ' weeeeeeeeeeeeeeeeeee ' posts are becoming common place on I-HUB .....suggesting euphoria about a stock but sounding more like the writer has something of import caught in a zipper .
Such is the new language .
Good board .
Oh , and I ' whacked ' the boardmark to # 15 .
Renee
I read this board every day and I learn some of the nuances and passionate differences in American politics . Being a Canadian it is my discretion to just observe rather than comment .
On the topic you have posted about , Janice , I read a joke about that nasty ' C ' word .
I hope no-one minds the levity .
Renee
--------------------------------------------------------------
A few years ago a gentleman was preparing to board a plane when he heard that Senator Obama was on the same flight .
This is exciting , thought the gentleman . I've always been a big fan of Sen. Obama . Perhaps Ill be able to see him in person .
Imagine his surprise when Sen. Obama sat down in the seat next to him for the flight . Still, the gentleman was too shy to speak to the Senator . Shortly after take-off , the Senator began a crossword puzzle .
This is fantastic , thought the gentleman . I'm really good at crosswords . Perhaps , if the Senator gets stuck , he ll ask me for assistance .
Almost immediately , the Senator turned to the gentleman and said , " Excuse me , but do you know a four letter word referring to a woman that ends with the letters ' u-n-t ? ' "
Only one word leapt to mind...My goodness , thought the gentleman , I can't tell the Senator that disgusting word . There must be another word .
The gentleman thought for quite a while , then it hit him . Turning to the Senator the gentleman said , I think the word you're looking for is ' aunt ' .
Of course , said the Senator . " Do you have an eraser ? "
Stocksgonewild ....I love your posts , but that puddy-tat in your signature gives me the willies , LOL .
Blue skies for Blue Diamond will happen like a lightning bolt one day presumably soon .
To alternative bio-fuels via non-staple foodstuffs .
Renee
Regarding the TV coverage of CIRT's Cellubike on Good Morning America and The View it is important to recognize that the TV coverage was not just promotional advertisements which any company can pay for , but actual commentator coverage on the CelluBike .
There is a tremendous , qualitative difference in BOTH TV shows wanting to display the CelluBike on their programs .
When the clinical trials provide incontrovertible PROOF that the CelluBike will reduce weight and cellulite naturally , and the Cardio-Cor clinically PROVES overall health benefits such as detoxification of body impurities and cardio-vascular benefits , there will be more TV coverage of both these units .
Weight loss and cellulite reduction are extremely lucrative businesses around the world , earning billions of dollars for successful enterprises .
CIRT should easily capture the obsessive interest of multiple millions of over-weight people who can continue to eat while still losing weight , in contrast to the starvation diets that invariably fail for too many dieters .
The launch-pad for CIRT's stock should have begun in the pennies , not from six-one-hundredths of one penny .
One day it will .
As I see it .
Renee
MM from me too , Wonderful DR . A very good perspective post , as are yours , Investor911 .
As your A.Mod for HCPC I remind members to stay on the specific topic of HCPC . Please engage the ignore feature for members that one feels is baiting you .
My personal adage is to not bite the worm of incite to not get hooked into possible T.O.U. non-compliance .
Renee
Excellent , material event news , Mr. Research . GWTR is a solid investment because Global Water Tech is a solid company .
Renee
Mike F. : This is just one of your quite exceptional posts .
Thanks for adding your knowledge and perspectives to this board .
Renee
Valid point , TX . I do expect more than ' incompetence ' from a CEO that has vast professional experience with GMAC and other high profile credentials .
I would rather the CEO had nefarious intents to obfuscate and previously omit the necessity for the 2005 Financials that could have an ultimately positive conclusion for shareholders , than to think of her as incompetent whereupon the conclusions for shareholders would be definitely hazzardous .
Either suggestion is completely unacceptable to me .
Personally and FWIW , I am outraged at the delay that I contend the CEO knew from the outset that 2005 HAD to be audited simply because 2004 had been audited , and the increase in A/S that SHOULD have co-incided with a material event to explain the necessity for the increase instead of fertilizing justifiably extreme skepticism ( in some ) .
I will be out for the day , which is probably a good
' thang ' .
Chin up though .....maybe there really is a pony's tail wiggling under the pile of horse-hooie that I see .
Renee
Reed : I believe that it is a requisite of Auditors to audit from a company's inception or from a last audit to ensure that their auditing baseline is establised on G.A.A.P.
An auditor could not reasonably establish an auditing foundation on unverified prior years that were unaudited , particularly with the advent of the Sarbanes Oxley Act that holds auditors 100 % responsible and accountable for audited financials of public Securities .
To your question , a company must be in operation for minimally ONE full year in order to be audited . So , that company could be a private company for part of that year and a public Security for the remainder of that year . As long as ONE full year audits are done then IMO the company immediately qualifies for the OTCQX System . To be listed on the OTCBB System a company must apply to the FINRA ( formerly NASD )
and must meet that stringent criteria .
A Company that evolves from a private entity to a public I.P.O. and has been audited since that company's inception would immediately qualify upon successful application to whichever National Market or OTCBB System their criteria meets .....or the OTCQX if they do not meet Nasdaq , NYSE , AMEX , OTCBB criteria .
A bit convoluted and long-winded , but to my understanding .
Renee
Commentary : Within the fiscal year 2005 unaudited Financials were included fiscal year 2004 AUDITED Financials .
I contend that Heritage would have been formally advised by Webb and Company within 20 minutes of the Auditing Firm being hired that there could not be a gap between audited year 2004 to years 2006 and 2007 by missing the audited financials for year 2005 . Audited Financials are essentially about continuity in G.A.A.P.
For Heritage to publicly announce via news release(s) and through a publicized WallStreet.net interview with the CEO that the Company would conduct full year audits for years 2006 and 2007 with an auditing review for the first quarter of 2008 while knowing ABSOLUTELY that year 2005 would have to be audited first , and then announcing just yesterday that the expected audited Financials and 1st quarter review would be delayed to complete an audit for year 2005 , MONTHS after they knew that 2005 would need to be audited , is behavior that minimally is not being forthright to shareholders .
Shareholders were purposely led to believe that only 2006 and 2007 were being audited and that those audits plus the 1st quarter 2008 auditing review would be completed " on or before May 30th , 2008 " .
Certainly , should years 2005 through 2007 ultimately be audited
then Heritage would be a fully reporting company and would immediately qualify for the OTCQX and could subsequently apply
to be listed on the OTCBB .
However , for Heritage to not meet yesterdays self-imposed deadline for completion of the 2006 and 2007 audits plus 1st quarter auditing review by trying to placate shareholders with
undergoing an audit for 2005 when they knew that 2005 had to completed FIRST was an act of deliberate omission and is pure obfuscation to instil optimism in their shareholders AFTER holding those shareholders captive to their promises for months .....in my considered opinion .
Also , for Heritage to raise their Authorized Shares to 16 Billion without disclosure to their intents for those shares , and mitigated by my argument and opinionated contention that Heritage was deliberately deceptive with regards to the delay of the audited Financials , it would be arguably plausible that the extra 6 billion shares will likely and ultimately be Outstanding Shares and quite likely public FLOAT shares .
I have no issue with the " faith " posts on this board .
I contend that faith is founded on earned trust .
Readers can determine whether the contrived omission of the 2005 Financials needing to be audited in prior news releases and other methods of public dissemination and the rise in the A/S warrants faith and trust in Heritage Capital Credit Corp .
Renee
Thanks , Nick . I will save that post to my favorites . Excellent information on Belize .
Renee
Ic45 : Until the company publicly states their intentions for the purported increase in A/S we are prematurely playing pin-the-tail-on-the-donkey with a blindfold on .
If there is no news by EOD tomorrow the game then changes to hit-the-piniatta with Hertitage as the effigy .
As I previously stated , if the purported increase in the A/S is for NON-tradeable , restricted collateral for the presumed loans then the A/S would be a FAIR ASSET trade-off .
If , however , the purported increase in the A/S is for NON-ASSET operating expenses and is intended to increase the O/S and float then we will have been masterfully deceived , and many of the 350 shareholders will take lawful actions against the Company .
I advocate letting the company 'splain themselves before EOD tomorrow . There will be plenty of time to take the gloves off if the Company has been any combinations of negligent , incompetent , malfeasant , deceptive , etc .
Renee
Iron ....imagine the hornets nest havoc 350 aggrieved shareholders could have on Heritage if they have not acted responsibly to those shareholders .
The Company touted share buy-backs from revenues generated from closed and funded loans . I will accept nothing less , as THEY publicly and authoritatively proclaimed they would do .
You stayed true to your convictions , Iron . I respect you for that .
Renee
Fellow members , let us allow Heritage to formally explain their intentions for the purported increase in A/S .
The purported increase could just as easily be intended as restricted collateral for the promised loans which would be acceptable , as they could be for operating expense dilution which would be unacceptable .
The Company MUST step up and be accountable to their public equity shareholders by EOD tomorrow as they promised they would .
Or else bad things will rain on them , to be dubbed Hurricane Heritage .
We deserve answers !
Renee