Looked very promising when i got in. All the targets are in early-mid 20's. Dow due to overall market slide? Can't seem to single out a dominant reason for the PPS fall...............
Look at the time period from 1:00 - 3:00. MM sold at 1:00 and it is going up as quickly as it dropped. Amazing how much money these people make through manipulation!! More evidence for the retail investor to simply rely on due dilegence and discount the daily fluctuations in PPS.
The company is new, but I also cant understand the PPS. They have earnings of almost $1 per share - PPS should be $12-$18! Anyone care to venture why the PPS has been so low?
I looked at it today - it has been selling for around 60cents forever. They spike is on hype from hemp for HEMP. Not sure what to think - I agree with you about the valuation.
I hit the link for valley organics on my work computer and got a scam filter message. I'm long - check my posts. There is conflicting information regarding LATF.
I like the revenue and earnings from the seafood business and I also like the press release back in March of 2013 stating that the Presiedent expected revenue of 2.5M in 2013. The revenue looks to exceed $10M.
I also saw a report that when the company was under another name, it has a tax liability of $2M and many employees filed grievances over back pay.
This is confusing...........anyone have more insight?
Quincy - that has been fully disclosed by thee company. Read their press releases. LATF has over $10M in revenue and nearly $1M in earnings in 2013. What are you talking about?
Lots of folks talking about up tomorrow, down tomorrow, short squeeze, etc. Can I hear from folks who are holding this well into 2015? Buying and selling on dips is akin to gambling. This company has the potential to take off. I can see a 200M market cap by the last quarter of 2014. Anyone agree?
Getting out at a loss if you bought at .0123 is stupid. This is a MJ play with a company that has established a revenue and earnings base. Hold this. Bottom line, do not invest more than you can afford to lose. if you do that, you will not be prone to intense emotions when you see a drop.
Shorting after a large gain is very often a great play. The trader needs to pay attendtion to the reason for the spike. In this case, it is earnings. Earning spikes have the greatest propensity to reverse themselves after a day or tww - or possibly mid afternoon. We'll see how this plays out. I'll add the results to my data.
Looking to cover tomorrow around $53 with a 10% profit. We'll see.........
I am long but this was included in an article in Undercurrent news in October of 2013. It is a seafood publication.
HotStocked further writes about B&D Food Corp that its executives were paid an average salary of $650,000 each through a separate company called Livorno Investments; that the company was delinquent in its regulatory filings with the Securities Exchange Commission; that as of June 2007 it owed $2.1m to the Brazilian tax authority; and that there are at least 50 former employees that have filed severance claims with the Brazilian labor courts.
B&D Food Corp was a prior name for Latteno. This is the worst bit of information I have run across. Still holding and hoping that a turnaround is in the brewing. I like the revenue and earnings too much to ditch it.
By the way - looks like a family venture - current and prior owner both named Le.
Don't like seeing it but it does not shake me off of this stock. Holding until 2015 and beyond! Don't want to have to pay the short term sale tax rate! Revenue is there - sales on MJ edibles can do nothing but go up. Company was selling for .20 cents earlier this year. No brainer..........