Labor Smart Inc (LTNC)

[DD2Gain]

It's like there are no public reports...

But there has never been a default or much stock issued in conversions, and all the other stuff - - the Company is not growing, the payroll tax arrangement with the IRS was a bad deal and frightens future clients - - all of that are calamity fantasies not based on fact.

1. The beauty of convertibles to lenders is that they can't be defaulted so long as there are stocks to convert. Thus, Schadel doubled the AS.

2. How much stock has been converted to pay loans? It's not like the PPS is still in the 80s, 50s or even 30s. Hundreds of thousands of dollars converted last year.

3. The company isn't growing. LOL Schadel had no choice but to admit that very fact in today's PR. Even before that, simple mathematics and the ability to comprehend the reports and PRs makes it abundantly clear.

4. ANY payment deal with the IRS is a bad deal when the money is supposed to be available because it was already collected from clients through payroll. The last thing any client wants is to be caught up in collection action because a labor company it trusted failed in its obligations. Nobody likes paying the taxes, but Schadel knows he can make investment suckers carry the bag for being delinquent. At least, for now he can.

The calamity here is for anyone who bought into this company much above the current pps. There is a glimmer of hope that it will be pumped briefly over 30, but my bet is that 10 comes sooner.