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
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
