Labor Smart Inc (LTNC)

[kmikesara]

you may be right, but I think the Company is set to make acquisitions on a payout basis given the fragmented nature of the temp staff business, and is also in line for better financing. We'll see, but the 10K is not critical for investors in penny stocks like LTNC, nor is the tax debt of any consequence given the $15K monthly payments. We'll just have to wait and see, and one marker for me will be whether Aegis invited LTNC to present at its conf for the fun of it, or may be interested in doing a deal with LTNC. The attraction of a deal is that once the convertible debt is taken care of or dented, all that pawn shop interest and penalties and dilution goes to the bottom line and the Company becomes instantly quite profitable.

Again, that is the reason to do a registered debt offering. It would attract small investors and they could see easily how their capital infusion would flow to the bottom line.

gone fishing for the day, glta