Friday, June 24, 2022

Here’s Why LTS Nutraceuticals Inc (OTCMKTS:LTSN) Just Popped Higher

LTS Nutraceuticals Inc (OTCMKTS:LTSN) is a sub-penny player ostensibly in the “health and wellness” space that has been pinned down around the $0.003 area for the better part of the past 3 months. That trend was busted on Tuesday as LTSN powered significantly higher on a combination of factors. First off, the company filed a notice of late filing, which, in this case, suggests that the financials are somewhat complicated this quarter. That can be a good thing in the case of a self-defined “holdings company”. It suggests the possibility of a ramp in operations.
In addition, the company also announced a key step in dealing with its convertible debt load. Namely, LTSN retired a significant percentage of its convertible debt associated with its acquisition of Natural Products, Inc. According to the release, “the company has retired the larger $75,000-dollar convertible note (principle and interest) associated with the acquisition, leaving the smaller $50,000 dollar convertible note with a maturity date of December 14, 2017, the company expects to utilize its option and retire the note with cash not shares. There currently are no other convertible notes.”
LTS Nutraceuticals Inc (OTCMKTS:LTSN) frames itself as a company that engages in the development and sale of nutritional products in the United States and Canada.
The company offers livethesource, a line of dietary supplements that complement each other, including a daily liquid multi-vitamin mineral and herbal supplement and a liquid vitamin D; daily Multi-Vitamin, a vitamin supplement; Vitamin Booster D3, a nano-encapsulated Vitamin D3 supplement; and the Symbiotic Diet, a supplement, which promotes healthy and natural weight management. It primarily serves entrepreneurs and retail customers.
LTS distributes its products through a network marketing system. LTS Nutraceuticals, Inc. was formerly known as The Source Vitamin Company, Inc. and changed its name to LTS Nutraceuticals, Inc. in April 2011. LTS Nutraceuticals, Inc. was founded in 2009 and is based in Ft. Lauderdale, Florida.
According to company materials, “Headquartered in Hoboken, NJ, LTS Nutraceuticals Inc. is a health & wellness holding company engaged in acquiring existing companies within the sector of nutraceutical and organic products. We also develop our own branded products, develop brand identity; assist in arranging for contract manufacturing, fulfillment and marketing.”
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As noted above, shares of LTSN exploded higher on Tuesday in response to a combination of a filing for late filing status and a press release noting a significant move to reduce outstanding unretired convertible debt.
According to the company’s latest release, “After retiring the note, the current capitalization of the company is as follows: Outstanding Shares: 353,823,324, Restricted Shares: 232,400,000 (203,679,586 held by management.), Free Trading: 121,423,324. At this current time, the company does not anticipate any change in the capitalization of the company. We continue the final process of developing our products ingredients (20 powders, 15 vitamins along with several amino acid mixes), packaging, FDA labeling as well as taking bids for the manufacturing in conjunction with NutriData.“
The company also noted in the release that updates and announcements regarding progress would become more frequent as “we near the finalization and definitive product launch date.”
The chart shows nearly 120% tacked on to share pricing for the listing in the past week, a bounce that has taken root amid largely bearish action over the larger time frame. That said, LTSN has a history of dramatic rallies. In addition, the name has witnessed a pop in interest, as transaction volume levels have recently pushed above 200% over what the stock has registered over the longer term.
Earning a current market cap value of $1.62M, LTSN has virtually no cash reported on the books, which is balanced by about $102K in total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $LTSN stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $LTSN, either long or short, and we have not been compensated for this article.

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