Labor Smart Inc (LTNC)

[GrowthStocks99]

Well, the problem is dilution at such low prices. I think the CEO will eventually turn things around but at what level of dilution? Allowing conversions to happen is better than going out of business. We could end up with a successful company but with 100 million OS. Maybe the CEO thinks 20% of something is better than 80% of nothing. So if dilution is the only way out 10 cents a share might seem pricey.


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kmikesara wrote:

yes, after the quarter there were additional conversions and O/S is now 27.5M and at a dime a share to boot. You won't see a dime a share though, and it would take another 5M shares dilution to take the ceo below 50%, and then so what? I'm interested in what you think will happen.
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