Latteno Food Corp (fka LATF)

[Sgreg]

Sir, I hear what you are saying. That article is interesting though. It was written by Bloomberg and is simply the information of an interview given by the owner of Magna which is one of several penny stock loan companies. It states that they do make a ton of money giving loans to penny stock companies and that those companies do go into a pps death spiral once these loan companies get shares. Again not my opinion but the information given in a Bloomberg article derived mostly off of an interview with the owner of Magna. This does pertain to LATF as I have noticed they did have convertibles on the balance sheet in previous financial reports. No doubt that those notes did indeed get converted over the Summer and into early Fall.

It is all legal and fine as the article says. The loan companies are not doing anything illegal or anything. It is just good information that can be used and should be valuable for people who do play penny stocks so that they know how damaging convertible notes can be to a company's pps.

I appreciate the discussion. Time for bed for me. I wish you the best.