One wonders why anyone would spend their time decreasing the price of this stock at this point. This would only be an effort to stop shareholders from writing about this company. They may think, In theory, if they can stop the writings about this case, they can stop any investigation this matter. These people honestly believe they should be able to float 10 billion shares on the public market, to milk small investors, to gain millions for their personal use. They also believe that no one should say or do anything about it. I wonder who contacted Citadel in the first place and who else was involved in generating large volume for this stock. In the past, it was a profession trader. Now, it is just someone trying create a little interest in a empty box.
Well, you see how long it took before they actually got them. These cases often take years. I am sure they are looking into the persons who ripped off LATF investors. These are not that naive to thing regulators, shareholders and law enforcement will let them operate a blatant scam to ripped off small investors for millions, to fund their personal projects. Best for them to return the assets and cash they took.
The problem is the Fed or States normally don't have the resources to investigate these cases. I am beginning to question the SEC ability to investigate anything until after the fact and many years later. These people seem to operate for years before anyone does anything to them.
Some of these people are now denying they had anything to do with LATF. I am not sure of NGUYEN in this. Seems like some were claiming to be consultants of some sort. In that role they advised others to start LLCs the companies on the transfer agent list) to sell the stock to small investors. Someone made contact all these people or alleged companies. None complained about the asset transfers because they were a part this. They also placed their personal assets out of the reach of LATF shareholders.
The latest, someone posted to Rx Harvest Collective FB page that it was no longer associated with LATF. Now a company is operating in CA under the same name. (Rx Harvest). This is after the company issued 10 billion shares to the public, transferred assets and gave preferred shares to a lawyer/CEO. I have never witness anything like this case. No one is doing anything about it. These people are blatant.
Even so, there is nothing in the law that states a former officer or employee can't compete for contracts of their previous employer or company ( the exception is when there is a non- competitive in place). As you recall, this company went through this same process under the B&D name with global milk.. The claimed to have bought the milk company. Then they started milking the public for cash to only have the previous owner of the milk branch compete with B&D food. As a result, the milk company just disappeared along with shareholder's cash and assets. This is the second time these people associated with this company did this. This is their criminal profile in a nutshell, meaning they claim to buy companies legit or not and then use other ventures to compete against the same companies. to transfer assets. In the meantime public investors/shareholders get milked out of millions.
They did not play themselves. Have you every tried to locate the companies or person listed on the transfer agent document. Most of the companies only exist on paper or not at all. I believe they were just shell companies used by the operators of this to sell the shares to unsuspecting small investors. They raked in million for their personal coffer. None of the money or cash went to LATF ('the company') to finance its projects. Small investor's cash just does not disappear when share are sold to them. The money went to someone. Regulators are not doing anything to find these people. Also, the person marketing and selling the pill from Rx Harvest knew the original operators of this company. Should not be hard to find the distributor of the pills and the people who made contact to set up a deal.
Do you know they are playing a game here. During reconstruction, the former slaves of the South were promised 40 acres and a mule to only have this act reversed later by the government. LATF shareholders were promised 40 acres and the mule is allegorically their unwillingness to except the fact their money was used by others to buy businesses and land. LATF does not have a deed to any these properties. To your concern: The act to take land or property from shareholders of a company is called a adverse possession. After the defendant pays taxes on the property for at least 7 years, the property becomes his unless there is a complaint to avoid the statue of limitation. No one has filed a complaint to date in this case. Investigation without the filing a proper complaint in court will not bear any fruit here. Something to think about.
That is right, someone only contracted a company that provides virtual office space to people. LATF never had 40 acres in CO and it did not conduct any MJ business in that State. The name, Trinh Trina Ta, who allegedly was the COO for the LATF MJ operation did not do any business in that State or CA. Her picture or name does not show up anywhere as a business person on the internet or anywhere except for LATF.
I really think most are wondering what happened here. This story does not make any sense. We have a group that gave away or sold billions of this stock to small investors. Some were sold through third parties (shell companies). This group made millions on this stock and made off with all the assets and cash. To date, no agency has done anything about it. Someone had to be contacting blogs, talking to brokers and selling the stock at a profit. Yet not one person can find them or the assets ( this includes the last CEO who received preferred stock from the company) .
Some also may be wondering why persons who are not interested in this stock, continue to write to its shareholders every single day. Looks like the last CEO and our negative posters want this to go away before a regulator, prosecutor or investigative reporter really becomes interested in this story. Digging deep, I am sure it will uncover something much bigger than LATF.
You got the picture. This is about hunting these people down. First question, who writes negative comments about a sub-penny.......my guess is the persons responsible for or who have personal knowledge the scam (insiders). Vegas is a wonderful place to start .....poker.
Well, I guess their theory is that regulators did nothing when price bolted down from over a penny and management make off with all the shareholder's assets and cash. Why should they do anything if the price bolts up 1000000 percent. Ask for help to recover assets and investors get nothing. Don't ask for help and they get price decreases to empty their accounts. Pump and dump, short and distort or straight out scam, regulators are not doing anything to catch up with these people. So why should price go..........up.
This stock is dead in the water. Looks like the people who started this cam got away with it. for the lack of resources, regulators just let it stand as a general warning on the sector. In the meantime, a group of pump and dump criminals took millions from public investors (of this company) and a short seller made out on the rest of the sector. Seems like this is how the whole process works, meaning that when people want regulators or law enforcement to do something, they claim lack of resources.
These people are greedy. Chances are, they will start a new company to do the same thing to investors after regulators and LATF shareholders let this case go away. The other large shareholders, reported to the transfer agent, were just shell companies set up to funnel public funds to the criminals. They all paid for a office service to answer calls and emails.
It is an interest story. Just goes to show that we can learn something from everyone, even when they are acting ignorant on message boards. I brought this very issue up to the SEC in or about 2007. They did finally crack down on some forms naked shorting. The operators of LATF may have tried the same thing but the SEC got alerted before they could get their scheme completely off the ground. The problem today is that shares are electronic shares and insiders were allowing millions of shares to be borrowed (most likely by an unethical broker or profession offshore trader) to create artificial volume.
I ask my broker to deliver the shares of this company to me in 2014. He claimed that they no longer how paper shares and that the shares are electronic. To date, there is no way to prove how many shares this company actually has outstanding or who is holding the majority of the shares. The last CEO claimed to have preferred at a conversion ration of 4000 of common to 1 preferred share but there is no record of the company having any restricted shares for him or alleged debt holders to even convert their shares. I guess they thought the shares could be created out of thin air.
These people also brought attention to the Vietnam seafood/shipping industries and inadvertently associated a few companies with drug trafficking, money laundering and securities fraud (organized crime). I don't even see them operating in this space for long unless they are informants.
In addition, I have seen many clowns like you (larry) on these boards. They change their names to target people who dogged them out on other boards. You are here because you are stalking board members. There is no other reason for you being on this message board. Many people in this world lose and/or win at certain things. In politics, sports, wars, etc.... losing one thing does not prevent them from writing about many things. No one is forcing you to read the messages on this board.
There is nothing wrong with investors demanding transparency in this case or any other case involving these stocks. This is happening because people are not having discussions about it (discourse). This discussion is about LATF and the fraudulent transfer of the company assets. It is not about personal matters.
So why are you here? Most people are here because they have a interest in this company. You suggest that they should just let this whole matter go away without doing anything. Another thing these people did illegal is they hired a professional trader to inflate the stock price while their cohorts sold free shares to unsuspecting small investors. I hate to bust your bubble but I can retire today and I own my house. What about you?
“Many people, especially ignorant people, want to punish you for speaking the truth, for being correct, for being you. Never apologize for being correct, or for being years ahead of your time. If you’re right and you know it, speak your mind. Speak your mind. Even if you are a minority of one, the truth is still the truth.”
― Mahatma Gandhi
The truth is a group stole millions from unsuspecting investors and they should receive some kind of punishment (prison time) for their actions.
HANOI–"Vietnam this week sentenced a Thai woman and a Nigerian man to death for transporting drugs into the country, where drug trafficking is on the rise." Vu Trong Khanh
You think this is game. In some countries to is a serious crime that could end in serious consequences for some people. Now, these individuals have just brought attention to the Vietnam shipping sector and the potential trafficking drugs to the US. Intentional or not, they may have caused themselves serious problems, if they keep this up. They made their bed by ripping off the public investors and now they have to sleep in it. I think they messed up by bringing too much attention to themselves and their cohorts.
Maybe nothing wrong happen here? Are you serious? Control or not, the transfer of cash and property from public companies by corporate officers without disclosure to their shareholders is unethical and illegal in most cases. Also, officers making claims of having a profitable seafood business and ongoing MJ operations to collect money (millions) from the public is also illegal. There are a few theories here. All have to do with statements by the company or its officers. If they bought MJ businesses: What happen to those assets? Company also issued about 10 billion in common shares: What happen to the cash associated with these issued shares? If they had MJ products as stated on their websites and PRs: How were they distributing these products without a proper license? Without a license, they would have got charged with possession with the intent to sell a controlled substance. If they did not own any of these business, they would get charged with conspiracy to commit securities fraud. People cannot go around making false and misleading statements to the public to get money millions from unsuspecting investors.
Now you imply that this should be treated as a bad joke and it is okay for people to do this to others. Maybe,you want to do the same thing here. Try it and see how fast you get prosecuted and sentenced to 5 or more years in prison. In some states they are giving people 5 to 10 years for less that $40, especially if it is associated with the possession, intent and sell of a controlled substance. Yet, these individuals got away with stealing millions from people. In some countries, they would have been sentence to life in prison or worse.
The question is why did they to issue about 4.5 billion more common shares and preferred stock to people when the SEC was investigating companies in the sector. To date, no debtor or preferred shareholder brought a complaint to recovery any company asset either. This is unheard of in markets. Normally, debt holders would do what is known as a "debt in procession" to take over the company assets. There would also been an investigation into the the fraudulent transfer of any company assets. Regulators, debt holders or preferred stock holders did nothing to recover assets in this case. Common shareholder complaints all went to the wayside without any actions taken to address the theft of millions from the public. This case makes very little sense unless a regulator is involved in this or there is an bigger investigation into securities fraud, drug trafficking and money laundering this case. My business is only with LATF stock but it seems like this is bigger than most people thought. Sounds like they got spooked for some reason and they are now trying to cover their tracks..
Regulators are not going to allow this stock price to move much without any concrete evidence of assets and ongoing operations. The SEC has developed a task force to watch this sector and penny stock operators who try to over inflate stock prices for their personal gains ( pump and dump schemes). As most people remember, shorts move into the sector in 2014 complaining that prices were over inflated and valuations were too high. As a result, regulators halted a few of these stocks and issued warnings on others. Historically, regulators have not really placed focus on major price declines due to short selling schemes, especially if there is evidence of individuals or investors had artificially inflated stock prices.
The sector has also not recovered from the past events of 2014. To make matters worse for LATF investors, the operators of this company engaged in fraudulent transfers of cash and assets from the company to avoid giving shareholders anything. The SEC task force did not look at ANY of these actions by LATF past management. Seems like they were content with the decline of stock prices. .
Shareholders really don't need a lawyer in this case. They will just be spending good money going after bad money. This is a case that regulators and the FBI would have to sort out. It may even involve cross-border operation and operators. If so, they would have to coordinate their investigation with agencies from other countries. The problem is that most agencies lack the resources to do anything about this and layers will just take more money to do nothing or get penny on the dollar.
Case in point: The last CEO is a lawyer who claimed he was trying to investigate this matter to find assets. All he did was try to fill his own pockets with the transfer and eventual sell of preferred stock. He made only things worse. The move for this company and stock is for someone to take the wheel, identify the people who have the preferred stock, debt and common stock. From there, they can try to retire most of the stock at little or no cost to the company to reduce the share count. Next, they can try to restructure the product line and mix to add more legit products to the company.
At worse, they can file for bankruptcy Chapter 11 to wipe out the preferred and common shareholders. With this, they can issue new shares to start building cash and a new company. In this filing a judge may demand that previous management provide information to the court of all of the company assets before he/she signs off on it. This may be why they kept this out of the court system. The previous management just transferred the assets and walked away from the company without any court interference. They maintain some control over the Latteno name with their lawyer's preferred stock position in the company. The last CEO knows who these people are because they hired him to help them.