LATITUDE SOLUTIONS INC (PINK:LATI) has bee moving down fast since last week. These days, the downtrend continues and on 
Wednesday the stock lost another 8.78% on a rather high traded volume.
The constant price fall raised a question on what has caused it, though at this point the answer remains unknown.
According to the records, LATI has not released any news on its business since end-October and presently no one is up to date with its operations. The only recent data on the company appears to be its latest unaudited 10-Q report filed a few days ago.
As of September 30, cash position of Latitude looked strong, though the company’s liabilities remained uncovered. At the same time, the revenues kept missing, while the net loss and the deficit accumulated during the development stage have substantially increased.[BANNER]
Based on their financials, the management of LATI states that the company anticipates the need for an additional $6 to $10 million in financing over the next twelve months. The team is exploring different financing alternatives including both debt and equity financing. However, there can be no assurances that any of these will be achieved.
