Labor Smart Inc (LTNC)

[DD2Gain]

The 10Q does not list 24.7 million OS.

Just like it doesn't list the tax penalties or full term of the IRS Installment Agreement for the $1 million in delinquent payroll taxes.

Number of shares of issuer's common stock outstanding as of August 6, 2014 was 27,291,292

That 10% increase in OS for a single quarter would include 2.5 million shares converted since May 5th:


On May 5, 2014, Vista Capital Investments, LLC elected to convert 51,867 shares of common stock for $7,500 principal and interest.

On May 5, 2014, Iconic Holdings, LLC elected to convert 276,625 shares of common stock for $40,000 principal and interest.

On May 19, 2014, Iconic Holdings, LLC elected to convert 305,670 shares of common stock for $40,000 principal and interest.

On May 21, 2014, Willow Creek Capital Group, LLC elected to convert 201,746 shares of common stock for $26,530 principal and interest.

On June 5, 2014, Iconic Holdings, LLC elected to convert 229,167 shares of common stock for $30,250 principal and interest.

On June 9 2014, Vista Capital Investments, LLC elected to convert 75,000 shares of common stock for $9,815 principal and interest.

On June 10, 2014, Group 10 Holdings, LLC elected to convert 249,521 shares of common stock for $30,000 principal and interest.

On June 13, 2014, JMJ Financial elected to convert 130,000 shares of common stock for $17,012 principal and interest.

On June 16, 2014, Tailwind Partners 3, LLC elected to convert 274,295 shares of common stock for $35,000 principal and interest.

On June 18, 2014, Tonaquint, Inc. elected to convert 184,436 shares of common stock for $25,297 principal and interest.

On June 25, 2014, Tailwind Partners 3, LLC elected to convert 184,986 shares of common stock for $36,000 principal and interest.

On June 25, 2014, Willow Creek Capital Group, LLC elected to convert 308,219 shares of common stock for $26,823 principal and interest.