Latitude Solutions Inc Com (NASDAQOTH:LATI)

TSIF (99.96) Submitted: 6/30/2012 6:37:44 PM : Start Price: $0.55 LATI Score: -77.61

Yes, this upthumb was intentional. Yes, I temporarily escaped the guards and hacked into one of the institutions computers.

For those who have been foolishly following some of my picks, and for those other 5 people who thumbed this one up and think I vindicated them, you should know that this is NOT a sane pick. Latitude Solutions, Inc is probably, in the land of pinkdom, one of the few legitimate companies. Those who believe in thier wastewater treatment technology and that they will get tons of contracts "might be right". The problem is that with many pk/ob stocks, Latitude came to market with an existing share base from a reverse ticker merger. Excess shares from this model gives an erroneous market cap that must be reconciled. 61 Million shares gives this one a market cap that has been floating between a low of $30 Milliion, (this week), to a high of $200 million last year. The company has less than a Million dollars and a four Million dollar budget, constantly selling Millions of shares per quarter to stay upright. It's real market cap/share is probably closer to a dime each if that. It will take years, including substantial growth of revenue AND expenses to begin to be worth more than a dime a share, even if it does suceed.

Still this one has bounced three times now the last two years. Leaving one of my downthumbs seriously in the red for an extended period. Overall, points in the bank, just a pain. I thought it might bounce again off of $1 like it has in the past, so I left a lot of points on the table from closing my downthumb early. Playing it up at $0.50 is dangerous as it could head for a more normal level before bouncing.

My theory on playing these up has to do with a complicated formula that involves watching share volume, technicals, sentiment, press releases, and then tossing down a few beers and trying to hit the UP or DOWN side of my special magical dartboard.

Bravobevo style upthumb, if I get away with it, (like the magical 15,000 shares that traded hands at 3:58 this past Friday, most likely because an inside wanted a paper market cap higher to impress some girls), then it's hard to say when the formula will say to close it and do a zzlangerhans type of perfect pool flip pointing it back down! ;)