Labor Smart Inc (LTNC)

[DD2Gain]

2.5 million shares converted since May 5th.

And that covers only a small fraction of the convertible debt outstanding and growing. Anyone else notice that payments toward amortization of the loans has largely ceased? I figured .10 might make a good re-entry point for a flip, but I'm not so sure anymore that this stock will be pumped. It has great flipping potential, but this CEO actually seems to think he is doing great with over $1million owed to the IRS, ballooning convertible debt, and rapidly declining month-to-month revenue growth. It's sad, though, because he is hooking a lot of people into investing their careers in his terribly executed dream.