Labor Smart Inc (LTNC)

[DD2Gain]

There is NO HOPE for prime financing here.

There is not a reputable lender who would dare risk loaning money to a company that owes over $1 million to the IRS. LaborSMART is a pen stroke away from an IRS lien if there isn't one already to secure the amount owed. Banks do not like sharing their assets much less being second to the IRS. What a farce that shareholder letter was! So much for

graduate to more traditional funding for future growth.

Who gets ripped off next to fund the laughable plan of $20-40 million in acquisitions next year? Schadel couldn't even come up with $1 million THIS year or LAST year!