Wednesday, October 01, 2014 10:12:29 AM
Well, I think people should be paid well for a job well done. However, I don't see anyone at Labor SMART being paid very very well. YET!
All of the management gets a rather low salary with great options and PERFORMANCE bonuses. So, if you're doing a great job you are rewarded for it.
I don't see a single document that shows this company is paying 50% interest.
LTNC has had their shares outstanding grow from 19 million shares in 2011 to 28 million in 2014. I would hardly call this type of dilution selling shares into the market every day.
I find this statement particularly interesting since this company actually has physical branches, an active website, employees, has been acquiring pre-existing businesses and MOST IMPORTANTLY is fully reporting and produces audited financials! I'm not sure what we are referring to when we say "PRETENDING" because this company is actually DOING!
Deeper in debt? Well, it does cost money to grow, that's for sure! Showing triple digit growth for the last 3 years consecutively has to cost something. However, the fact that this company is showing increases in gross profit margins, positive EBITDA and increasing asset accumulation, should give us a pretty good idea that they are heading n the right direction. Again, everyone at this company gets paid on a performance basis. If anyone is being "paid well" then they must be performing well.
I do not believe that anyone at Labor SMART needs to convince anyone about the job they are doing. While it would be nice to see the stock trade in parity with the operations, that doesn't always happen. However, it is only a matter of time before this company leaps on to a larger exchange and starts trading on anticipation of its growth.
JMHO
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