Labor Smart Inc (LTNC)

[DD2Gain]

Oh good, I wholeheartedly agree that facts are necessary!

For starters,

CEO revised down 2014 revenue projection twice and missed last projection by over $1 million.

RS is coming per S1 filed in February.

Note holders are not getting paid on time because there is no volume for conversions and no cash for payment.

Cash on hand reduced to under $80K.

52 week low of .000001 (yes, 5 zeros!) and zero volume days and closes under .0001 increasing.

$4 million in outstanding toxic debt obligations that the AS can't cover even half of.

$2.7 million in negative equity.

$1.3 million payroll tax liability.

Financing costs (interest and discounts) of $5 million for 2014 alone.

CEO warns that dilution "will" occur until RS and continue afterward ("substantial dilution").

CEO has stated that he can't find lenders or investors (as if that really needed to be stated).

CEO has stated that if revenue does not improve he will not be able to afford reporting requirements let alone expansion.


All of this can be found in PR's and filings- primarily the 2014 10K and Feb S1. Please report anything not factual to admin for deletion. We don't want untrue promotion junk cluttering the board and fooling unsuspecting investors into buying these no bid shares. lol