Labor Smart Inc (LTNC)

[kmikesara]

lots to say about the cc, I thought it was well done, informative, and more questions from legit investors than I expected, but bottom line, I think the stock is headed for trouble unless there is a financing. Trouble because there is a lot of conversion stock that will be free trading over the next quarters, and future conversions will be at a declining stock price from a dime even. Meanwhile, where are the buyers of the stock going to come from while the Company waits for lenders to decide its future?

If the Company wants investors to buy the stock it cannot be seen as waiting for lenders to come up with an attractive financing. It needs to paddle its own canoe, go after the huge market of high net worth individuals looking for high interest and a kicker on their money - - but it has to go to them with a registered product. It can't just keep going to lenders with hat in hand.

Whether preferred stock or variations, there are three facts that make it the best option for the Company. First, there are a lot of high net worth individuals who cannot get good interest on their money plus a kicker. Second, an offering that is successful carries with it the key to unlock all the profits that are stored in the money now being paid in interest. Third, the fact of the offering can brace the stock from what could be an ugly fall. glta