Labor Smart Inc (LTNC)

[cpw13154]

O I agree they have had great growth on the opening of new branches. Trouble is all that has done is add to their already huge debt. I would imagine if he adds 10 new places then we would see an increase in revenue. Of course as we all can see that just means more debt. As we also see the important figure is same store revenues have leveled off and the new venues aren't holding their own. About all that he achieves by adding this type of revenues is having more payroll tax money to use for other things other than what they are collected for. As we know he is not afraid to not pay taxes as he has done this twice in a two year span. Wonder why he pulled his money out. I would think if he had faith in this company he would kept it in there until he got over the hump. But guess he thought not paying taxes was the route to go. LOL