Latteno Food Corp. (OTCMKTS:LATF) Slumps Before Weekend

The stock of Latteno Food Corp. (OTCMKTS:LATF) continues to be a highly risky, highly changeable choice. While the ticker spiked optimistically, it fell prey to selling at the end of the week, wiping out Thursday’s gains. LATF went down more than 37% to $0.0118. LATF0513.png

Currently, LATF is slow with press releases and promotions, and trades mostly as an easily accessible stock, relying heavily on short-term investor sentiment. Fundamentally, the company holds very little, although its plans for developing both its food and medical marijuana business are big: TTIN0513.png

  • $1,000 cash
  • $116,000 total current liabilities
  • $267,000 revenues
  • $47,000 annual net loss

The current positions follow a more active promotion of LATF, which caused only a brief climb and a fast retreat from 22 cents. The last email we intercepted was from March 28th, citing LATF as highly susceptible to changes, as it was a low float stock with a relatively low price. The email was followed by a choppy climb, and later by another steep drop to the new valley of one penny. The next few days will show if LATF manages enough PR information to spike the interest.

With LATF, we may expect the patterns to be repeated, and the ticker to move through more periods of spikes and retreats. In any case, it is best to stay away from this depressed stock, unless you can afford the sharp corrections that come often for this company. Also, LATF is not among the stars of the medical marijuana industry and it is questionable if it can benefit from any trends rising among those stocks.

The latest email came in from Stock, which received $15,000 for the promotion. Looking at the past record of this pumper, one should be even more cautious about LATF. The previous selection, Transfer Technology International, Corp. (OTCMKTS:TTIN) is nothing but dismal. The ticker lost more than 80% of its value after the last promotional email and switched to a new identity, EnviroServ, Inc. (OTCMKTS:EVSV).

You may also like...