Latteno Food Corp Could Be A Risky Play
Latteno Food Corp. (LATF) is an investment portfolio company that acquires food products, medical marijuana edibles and related products and services with the aim to enhance company growth and development. It focuses on operating within the food and beverage industries.
In this way, LATF are looking at entering the hemp business as well as gloat a fairly great asset report with millions in incomes and a positive bottom line. So why hasn’t their stock possessed the capacity to move out of the triple-zero value ranges?
As a matter of first importance, LATF have been playing the therapeutic maryjane and hemp card for more over a year with various backups being made without adding up to anything considerable. It stays to be checked whether the destiny of the latest auxiliaries will be any unique. In the meantime the money related aftereffects of the organization, albeit as yet reassuring, have encountered an emotional decrease. The yearly incomes for 2014 dropped to almost 50% of the deals for 2013. Contrasted with a similar period a year ago the most recent quarterly report demonstrates that almost the majority of the budgetary markers on the monetary record have disintegrated.
What’s more, if that wasn’t sufficient to persuade you that LATF is a greatly perilous stock how about we draw your consideration towards the extraordinary shares of the organization.
Between January 2, 2013, and March 9, 2015, the brain boggling measure of 6.9 BILLION shares was issued. As of May 11 LATF reported 8.2 BILLION exceptional shares and if the rate at which new shares are being printed continues as before the organization will soon achieve its as of now approved measure of 10 billion shares. The CEO of the organization has expressed that there are no arrangements for a turn around split so if the issuance of shares proceeds with LATF may be compelled to expand their approved shares significantly further.