Latteno Food Corp (fka LATF)

[warlockbr349]

Very insightful post just like a Bloomberg article I read about Magna capital that loans $$ to penny stock companies. Here is the article on loan converting;

http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing?cmpid=yhoo

What they left out of the article is;

I'm sure a lot of these converters use shorting as part of their strategy to get the pps down so they get more shares because the pps dropped!

People say there is no shorting in penny stocks because the risk is to high. Well when a "note converter" knows they will get shares there is zero risk for them to short at will. They will even cover on the way down so they don't have more shorted shares than they have "note" shares plus when the pps goes down they get even more shares. If they can they will cover with retail shares and hold the note shares for when the pps recovers and they will do it all over again year after year.(that's what they didn't tell us in the article) That's why you'll see companies that don't have anymore notes on their books have a run up in the pps once a year and get bled down again. And now you know who pays for the resident bashers on message boards.

Who do you think the "shareholders" were that complained to the SEC about mj stocks going up last year were? I'm sure those "shareholders" were short against the box with more shares than they had because they underestimated how high the mj sector would go last year and shorted to soon. To stop the sector wide run they whined to the SEC and the rest is history. And that's why the huge delay in the sector recovery not to mention not many other stock runs in the OTC so people can't transfer those profits in the mj sector stocks while they're still trying to get retail to sell for a loss!

Hurry up and wait, they can't hold the sector down forever! GLTAL