Latteno Food Corp (OTCMKTS:LATF) Bounces After Hitting A New Low

[[tagnumber 0]][[tagnumber 1]]The state of Latteno Food Corp (OTCMKTS:LATF)’s stock is not very pleasant. The ticker was moving in double zero land through most of this year, but has more recently entered into the triple zeros and headed right to rock bottom.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The direction and price of the company stock wasn’t that surprising, despite the fact that [[tagnumber 6]]LATF[[tagnumber 7]] showed some pretty decent financial results. Here is what the company had to show in the balance sheet for the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $38,509[[tagnumber 13]] [[tagnumber 12]]current assets: $825 thousand[[tagnumber 13]] [[tagnumber 12]]total liabilities: $222 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $3.2 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income: $254 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although the cash on hand is pretty low we can say that the liabilities aren’t that big either, compared to other OTC market companies. What’s even better is the fact that [[tagnumber 6]]LATF[[tagnumber 7]] is generating significant revenues and has actually managed to finish the first quarter of the year with a net income, something we rarely see in this marketplace.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But there is an actual reason for the poor performance of [[tagnumber 6]]LATF[[tagnumber 7]] – it’s dilution. Between January 2, 2013 and March 9, 2015 there were a total of [[tagnumber 6]]6.9 BILLION[[tagnumber 7]] shares that saw the light of day and as of May 11 the number of outstanding [[tagnumber 6]]LATF[[tagnumber 7]] shares is [[tagnumber 6]]8.2 BILLION[[tagnumber 7]], getting close to the 10 billion authorized.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]So, it’s no wonder that [[tagnumber 6]]LATF[[tagnumber 7]] hit a low of $0.0006 last Thursday and stayed at the same level in the final session of the week. After some positive PR from yesterday, however, we saw the ticker run 33.33% up and finish the session at $0.0008 with a total of 141.38 million traded shares and a daily dollar volume of $107 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see [[tagnumber 6]]LATF[[tagnumber 7]] hesitating in today’s session after it gapped down to an open at $0.00075, but the ticker has managed to climb to its Friday closing price as of the writing of this article. Due diligence and weighing out the risks before making any investment decisions is absolutely crucial.[[tagnumber 2]]