Labor Smart Inc (LTNC)

[DD2Gain]

It certainly does work that way.

All of those extracts were taken straight from the last 10Q. As of the end of September most of those notes were not amortized at all or had even partially converted. There have not been nearly enough shares traded to account for the debt since then and only $180,000 has converted with 50,000,000 shares in the most recent dilution reports. Additionally, there is not nearly enough cash on hand to have paid them off.

Why report only one note has been satisfied?

Because only one note has been satisfied.