Latteno Food, Corp. (OTCMKTS:LATF) Grows a Quarter, Promises New Greenhouse
Latteno Food, Corp. (OTCMKTS:LATF) had another day which could either be a sign of recovery, or another source of false hope. At the end of a rather long slide, LATF had a net daily gain of 25%, to $0.0065 on dollar volumes of $2.05 million. The buying still cannot offset the slow shedding of shares in the past days, but at least it shows some interest in LATF, keeping it from crashing to previous rock-bottom levels. 
Now, LATF is still facing the task of showing that it is serious about its cannabis cultivation and sales, and is not merely a cheap OTC selection that tries to make gains on the pot stock hype. The latest PR contains much more material information about the company, including a Q1 financial report and more news on license acquisition for the state of Colorado. Unfortunately, LATF has not filed the reports with the SEC, so we have to trust the unaudited information. Also, there are no outright news that LATF has received a license. 
For the first quarter of 2014, LATF claims to have achieved $3.1 million revenues, also mostly due to the work of Mekonza corporation, the importer of sea food products. Unfortunately, we also don’t know if the filings are reliable, and many investors doubt that LATF is indeed so profitable.
Still, let’s hope that LATF has enough resources to purchase a $500,000 growing facility in Denver, Colorado. The deal is expected to close in the next 30 to 60 days. Along with this, LATF announced it filed an official application with the Colorado Department of Revenue, Medical Marijuana Enforcement Division.
Still, despite all the developments, LATF is seen as a potential scam among investors, through its link to KCN Capital, LLC. Currently, KCN has at least 200 million restricted shares, and LATF is also loaded with more than 3 billion outstanding shares. Also, the free float is rather large, at 1.5 billion shares, thus preventing the ticker from being squeezed upward above the one-cent levels.
KCN Capital is linked to the Dutch Gold Resources, Inc. (OTCMKTS:DGRI) company, which came to life only in March, rising about 10 times from triple-zero positions to a peak at $0.004. Of course, DGRI switched quickly from gold to promises of taking up the financial aspect of the MMJ sector. DGRI promised to achieve success through the Finance420.com. So far, the site asks for projects and promises to find financing for them, but we are yet to see success stories. Meanwhile, the DGRI stock price has slid by 75%, betraying the enthusiasm of buyers.
United Treatment Centers, Inc. (OTCMKTS:UTRM) is another newcomer to the MMJ world which heavily relies on the building of websites to boost its presence. UTRM also pulled itself by the bootstraps with active PR, rising above the usual triple-zero positions. Now, UTRM has managed to keep a part of the gains, though the rise above the two-cent levels proved impossible. For now, UTRM drifts sideways at around $0.005.
If you like LATF now for the opportunity to rebounce after the long slide, keep in mind that the ticker is under heavy pressure, and adjust the timing accordingly, to make use of the good day that happens now and then. Still, avoid over-investing, to avoid losses of up to 50% from the peak levels.
