Labor Smart Inc (LTNC)

[DD2Gain]

I am serious...SIMPLE DD:

You boast about an incredible $2,209,702 in revenue for June 27, 2014.

What was it for June 2013...anyone? Does anyone do DD on this board anymore? I do.

14 offices did $1,455,145 for June 2013. That means if revenue was flat for the first 14 offices the newest 15 offices did $754,557. BUT WAIT, the June 2014 PR stated that the average weekly revenue for the first 14 offices was $32,043 per week x 4 weeks = $1,794,408. That means the 15 newest branches did a PATHETIC $415,294!!! In January 2013, 6 office did $580,556. What a joke to boast about $2.2 million for last month!

To elaborate further:

May 2014, 29 offices did $2,647,061
May 2013, 14 offices did $1,578,503

Oh, I know. It's a 5 week month vs. a 4 week month, so let's look at percentage increase then.

The increase from May 2013 to May 2014: 68%
The increase from June 2013 to June 2014: 51.85%

The May 2014 PR stated:

Labor SMART, Inc. May 2014 Revenue Tops $2.6 Million
Company Has Exceeded $9M in Year to Date Revenue as Historically Strong Months Commence

Strong months commence??? This year is turning into a complete flop and it's no wonder when then CEO sees financial obligations as an optional nuisance.

As for the $15,000 "drop in a bucket" per month...what's the net profit again? Where's the spin?