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France T Message Board

bass9189 379 posts  |  Last Activity: 11 hours ago Member since: Aug 20, 2010
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  • bass9189 bass9189 11 hours ago Flag

    We all know what happen with this sector. Valuation went up and small investors pump a lot of money into the stocks. Some firms saw this as an opportunity to short the sector against small investor accounts. They then contacted regulators to complain about valuations and explosion in trading volume. In 2014, regulators entered the sector to halt certain stocks and the rats went to the message broads/blogs with negative comments. This went on for months until small investors became turned off on the sector ( sentiment changed).

    In the meantime, LATF kept issuing shares for MJ projects without reporting on them. To date, the management issued over $15 million in shares (open market prices averaged) but it has not shown any increase cash and assets as a result of these investments in the company. When companies new issue shares, cash will normally increase, cash flow statements will show the issue. Property or investments will likely go up. Unless the money is in the MJ unit and not yet reported, the company management has issued shares for $0 to a number of LLCs and investors who don't seems to be concerned with stock price.

  • bass9189 bass9189 May 23, 2015 4:26 PM Flag

    It makes a lot of sense if a person wants to create interest in the shares. The person(s) doing this has access to shares well below market price. They are making money in more than one direction. They are also likely doing this to many stocks and accounts not just one. Also, small investors invested a lot of money in this stock, so where did all the money go to. The company has not reported on the MJ business yet. This would explain some of it. So what happens if someone just wants to stay ahead in the game without being detected. If I held shares at par, I would likely short this stock ( sell and buy to create interest) and cover on the back end from my personal inventory of shares while selling more from my inventory. How much could I make a day? Even if I could make a thousand a day, this would be good over a month or year. It does not show up as naked shorting because the shares are being covered from someone's inventory.

    How would this impact stock price? It would keep price from going up over time and gradually push into the trips. Even if I run out of shares, I can just issue myself more to keep the game going. How would anyone know unless the company actually reports on the MJ unit to show the investments, cash and assets associated with the new share issues.

  • bass9189 bass9189 May 23, 2015 2:40 PM Flag

    The cash flow statements do not indicate there is a share buyback program in place. One interesting note, is it also does not show the issue of any new shares ( for cash or property) for almost two years. This leads me to believe that the company has not included the MJ business in the financial report. Some of the confusion may stem this fact. The is reporting the increase in outstanding shares associated with the investments in the MJ business but it is still not reporting on the unit. It listed the MJ units only in the financial notes not on the income statements, balance sheets, cash flow statements.

  • Reply to

    I think we have our Bahamian short

    by diamond.daze May 22, 2015 6:19 PM
    bass9189 bass9189 May 23, 2015 2:14 PM Flag

    We already proved that this stock can be shorted and has been shorted. We also showed the FINRA short reports. This is a rehash of an old argument.

  • Reply to

    I think we have our Bahamian short

    by diamond.daze May 22, 2015 6:19 PM
    bass9189 bass9189 May 22, 2015 9:15 PM Flag

    Nothing has changed, I still believe that an offshore trading platform was involved in this company earlier but investigators have not linked any of them to this company as of yet. LATF is not listed in any complaint of date. Social media and court are two different things, meaning you can make assumptions on this message board but can you prove it in court. I try to stay away from these witch hunt mentalities ( scam artists feed on them).

  • Reply to

    Trading platform

    by latteno4thewin May 22, 2015 3:03 PM
    bass9189 bass9189 May 22, 2015 8:58 PM Flag

    I don't think either number is correct. Also, a good float of the shares may be good for the stock not bad. Institutional investors would like to see a good float before they invest in companies because small floats will cause prices and their cost to increase if they try to buy into to this companies with no float or small floats. Also, shareholders are not really selling this stock at these prices, the sell orders are mostly from shorted shares. Your platform number is incorrect and DD number is just a guess. The OTC information is all we have to go by for now.

  • Reply to

    I think we have our Bahamian short

    by diamond.daze May 22, 2015 6:19 PM
    bass9189 bass9189 May 22, 2015 7:32 PM Flag

    Does not ever this stop. You have went from one wild theory to another. Most were not facts. Where does the articles mention LATF and it stock? Complaints will normally list the stocks and companies. Where is the complaint that has this company's name on it? You are just making up stories here. Show us the complaint with Latteno on it.

  • bass9189 bass9189 May 22, 2015 3:37 PM Flag

    That would not do anything to stock price. Someone is watching this stock price to ensure that it does not increase much. They don't want it to go up for some reason. I watch over one hundred stocks and this is the only one that never recovers in price. It is also the only one with good revenues but very low market cap. Someone is intentionally keeping this stock price from trading higher. Lack of reporting had nothing to do with this either. The problem started last year before the company late reports. A person(s) went out of their way to push this stock price down.

  • bass9189 bass9189 May 22, 2015 3:19 PM Flag

    The problem is management increased shares outstanding without showing the markets any increase in assets, revenues or profits. Without any increase in these number, the market will automatic reduce stock price. I am sure regulators also had their hands in this sector as well. Even with the previous mentioned factors affecting price, it is very unusual for a stock not to increase in price period. Even scam artists give stock prices a break to build confidence in the shares with the market. This stock and company makes no sense. Some investor are right: With revenue numbers, this stock should have traded higher at some point. Looks like we have too many people weighing on price and not enough increasing shareholder value and assets.

  • Reply to

    Website says float is 1,567,569,973

    by jsiccoo May 19, 2015 7:56 PM
    bass9189 bass9189 May 20, 2015 8:11 AM Flag

    Someone just posted 27 million. It is not a verified number. They may also be making stock this worse by posting inaccurate information or information based on assumptions. Problem is they don't listen to anyone.

  • bass9189 bass9189 May 18, 2015 12:51 AM Flag

    Yes, I do believe that are people who operate on these message boards with the ability to impact PPS and steal from investors accounts. I can only go by what I see for the shares in circulation on the sell side. Shorted shares have been main shares sold to investors of this company. Normally you see short daily volume of 30 to 50 percent on a stock, it is the result of a scam to rip off investors accounts. They don't just short, they also buy low to sell into any price increases. It is not just the trading of the stock either, there has been people flooding message boards,blogs and news feeds with negative comments about this company. Why would they be concerned with a sub-penny stock? It is not the stock, it the investors who some have invested between $10000 to $50000 in this company's stock. The Vietnamese group has not gone far from this stock, company or these investors either.

    The government not much help in doing any thing to these people. If you are over 50, chances are you have a little money set aside and the crooks know this. With low risk investments giving little or no return to fix income people, they looking for higher returns. This is where this scam begin. The OTC markets and message boards are becoming a breeding ground for most of these scam artists. The elderly are in the boat with little or no protection again this. They can get ripped off for hundred thousands dollars in property and funds, there is very little the government will do or can do about it. They are on our account information and likely our computers trying to rotate us into different companies. Especially if they think we have a lot of money to invest.

  • Reply to

    "Stock dividend being comsidered"

    by warlockbr349 May 16, 2015 9:14 AM
    bass9189 bass9189 May 17, 2015 12:53 AM Flag

    Hate to bust your bubble but from 1 cent to the current price they have made millions on this short and distort scam. We people saying they invested over $50, 000 in this company, so where is all the money. What group had access to their accounts and why did this group show up on message boards/blogs where long term shareholder post. They are following money from our accounts. Notice that they don't comment much on stocks with little volume or not many small investors. Why? Because they can't make money on those accounts. Their altruism theory is not valid here. They are not on message boards to help anyone but themselves. They are looking for the elderly or any vulnerable person with money to steal from. The truth is that many person over 50 years of age on these boards/blogs have some assets or money, this is the group they are targeting for their scams.

  • Reply to

    "Stock dividend being comsidered"

    by warlockbr349 May 16, 2015 9:14 AM
    bass9189 bass9189 May 16, 2015 10:43 PM Flag

    Counterfeiting stocks and naked shorting are almost synonymous in this case. This means they are shorting the stocks without any intentions of borrowing them. Instead they watch investor accounts for any sell and buy orders. If they see someone sell lower from accounts, they cover their shares. If they see buyers at higher prices, they sell to them shares they bought for cheap. They keep this game up all day. The result is they steal from our accounts. Chances are they are targeting people on this message board who bought many shares of this company. People don't spend all their time spreading negative rumors and comment about companies unless they are trying to make money by way a scam (a short and distort scam).

  • Reply to

    Free trading common shares

    by oldtimeywheatbread May 16, 2015 9:13 PM
    bass9189 bass9189 May 16, 2015 10:41 PM Flag

    This is an OTC stock and like many of them, the information is not always on time or complete. DD said a lot of things, some true and some not. Some of it is unimportant. There really can't be any real short squeeze of this stock because shorts don't hold their positions for more than five seconds. There may not be much of a true float here either because small investors are holding their positions. The sell orders are mostly from shorts...30 to 50 percent of the daily volume. You can't ignore this fact. Some of the other information posted by other are just assumption or what we call fallacies, meaning they trying to associate this company with others so investors can draw a false conclusions. Most of the time the conclusions are false. Here is how it works: Someone claims that company A had problems ( a true statement). They then associate company B to it with false statements or assumptions. This leads investors to false conclusions. Thus we have our fallacy.

  • Reply to

    Free trading common shares

    by oldtimeywheatbread May 16, 2015 9:13 PM
    bass9189 bass9189 May 16, 2015 10:04 PM Flag

    "I doubt the short situation is as extreme as theorized." Someone has been shorting 30 to 50 percent of the daily volume for awhile, especially when buyers enter the trade. LATF also started downward when the SEC and shorts got involved in the sector last year. Old management continued to issue shares onto top of these events. The company also had to deal with COO of the MJ unit not being able to produce revenue streams for the company. On top of this, CA was hit with a port strike. These events along with seasonal factors contributed to decrease in revenue year over year ( as expected). There also may have been some attempt by former insiders to move part or all of the seafood business out of LATF by associating themselves with competing companies. Looks like there was a power struggle where PH prevailed to become the new CEO so he can to clean up the mess that was created by old management.

  • Reply to

    Free trading common shares

    by oldtimeywheatbread May 16, 2015 9:13 PM
    bass9189 bass9189 May 16, 2015 9:31 PM Flag

    You are looking up old news that does not mean anything to investors of this company. Some investors converted debt into shares year over year, this reduce the debt by half. The did report raising about $100,000 in the 1st Q but they are still carrying less debt than 1st Q 2014. Revenue may have been affected by the port strike in CA and seasonal changes in demand. Instead of digging up unimportant issues may you should spend more time doing something else.

  • Reply to

    Free trading common shares

    by oldtimeywheatbread May 16, 2015 9:13 PM
    bass9189 bass9189 May 16, 2015 9:23 PM Flag

    Posters have made these false claims many times, meaning they try to associate this company with every company on the market... good or bad news. Most, if not all of it, is misinformation for investors. Where do people get these theories? "Potentially held share in LATF." What does this mean?

  • bass9189 bass9189 May 16, 2015 9:09 PM Flag

    You are wasting your time with them. You should know they are stealing from people's accounts and their posts are associated with a scam to drive down stock price. This is what is happening with this stock. They will short it on the bounces and start posting negative comments to get small investors to sell to them cheaper. They may even buy and keep some shares long to sell on price increase or news. You are dealing with scam artists who are on people's accounts.

  • bass9189 bass9189 May 16, 2015 4:50 PM Flag

    DD, you are wasting your time with this argument. They know the argument is unimportant here. They are trying to bring Keith Nguyen into to this message like they did on IHUB. They are also trying to steal from people's accounts (likely client accounts). This is why they are here.

  • bass9189 bass9189 May 16, 2015 4:44 PM Flag

    The argument is not important. It is brought by someone who is looking for anything to babble about. So what, Sipp bought KCN.