Labor Smart Inc (LTNC)

[Colonel_mustard]

David,

In time, I believe it is too. We don't know what is happening behind the scenes, and that is not necessarily a bad thing. If the convertible debt can be paid off by say, somewhere in the third quarter, the issue then becomes the amount of dilution that has occurred. If the company then begins to whittle away at the dilution by buying back some shares, that will only serve to get us well off this .0001 price. After that, it's a matter of how many shares are held and how well the company is doing. If we can get back to a penny this year, that's quite a leap (100X) from here. Two cents would be terrific. I strongly disagree with people who say this company is going under. Revenues (notice I did not say profits, yet) are too strong for that, IMHO. However, an RS, if done too early, would hurt. Later, when the balance sheet looks better and we're firing on all cylinders, and we're perhaps back over 10 cents a share or so, might make it worth it to uplist.

Now I will go back to my quiet corner for several more weeks.