Penny Stock Hub
Monday | 2/29/2016
(LTNC) Is Tuesday's Bottom Bounce Pick
** Be Ready to Trade Tomorrow @ The Opening Bell **
SubPenny Madness Jump-Starts March!
Ready For Another Bottom Bouncer?
Again we saw first hand how patience can pay-off after today's nice gap fill resulted in a 20% rally by EOD. I asked you, "What's Next?"...here it is
Picks in the higher price range are great for 10-20% gains but sub pennies have been where the action has been at lately for these monster triple digit runs and tonight I'm bringing you one that is actually ONE TENTH OF HALF A PENNY...that's right Tuesday's pick Labor Smart Inc (LTNC) closed Monday at 0.0005 and some mega volume has begun to come into the market! On top of that, the company has been actively extinguishing convertible debt on the books during the last few months all while it has been in the process of having several of its branches acquired by a large player in the space, which could have a huge impact on the growth on the company!
>>LTNC Bounce Chart<<
Chart
It seems clear to me that LTNC has a history of bouncing BIG. Just look at this 3 month chart. LTNC has not only tested lower support multiple times (or has come very close) but it has also managed to bounce 87 to as much as 160%! Now we're beginning to see volume build again and as of Monday's close, LTNC is right back at this 2 month support level and in my opinion, it could be finding itself in position for another monster bounce.
Keep in mind that though it's not as small as we've seen in the past, the float on LTNC according to OTCMarkets remains relatively low. Today alone LTNC nearly traded the entire float and heading into tomorrow, this momentum could quickly spark a trend reversal like it has seen so many times within the past few months!
>>About LTNC<<
LTNC is an emerging provider of on-demand temporary labor solutions to small and medium sized businesses, with branch locations in the Southeast US. Within the past month, the company has been making several milestone announcements that could mark 2016 as the year for growth at LTNC.
Not only has the company extinguished nearly $1million in debt since the beginning of the 4th quarter last year, but it has also been building up an asset base ripe for acquisition. Just last week, LTNC announced that it had sold one branch location to an unrelated 3rd party. The deal, valued at a total of $677,650 was closed on February 19, 2016. The Company received $336,000 cash and retained open accounts receivable of $341,605 in the transaction!
Earlier in February, LTNC had revealed that it is exploring the sale of six Labor SMART branch locations to The Staffing Group, Ltd., a publicly traded company controlled by Labor SMART, Inc. The proposed arms-length transaction would be structured as an asset sale in which Labor SMART, Inc. would receive $1.3 million in cash, $1.3 million in restricted stock of TSGL, and $1 million in a senior secured convertible debenture with a maturity date 24 months from the closing date of the transaction!
For a company of this size, a deal like this could mean big things! And this deal has quickly sweetened up even more. On February 16, 2016 the Company announced that it received a formal non-binding Letter of Intent from an unrelated 3rd party, seeking to acquire the operating assets of eight branch locations in a $2.5 million all-cash transaction.
>>Another Bullish Bounce In The Works?<<
I hope you now see why LTNC is in the spotlight right now. With a Breakout Chart, a Low Float, and recent milestone news, LTNC could be positioned for big things in the future. Could LTNC reach past highs or even BLAST THROUGH them with New 5 month highs tomorrow?
Pull up LTNC tonight and if you choose, be ready to trade at tomorrow morning's opening bell!
Pursuant to an agreement between us and EMedia Advisors we were hired for a period beginning on 2/29/16 and ending on 3/1/16 to publicly disseminate information about (LTNC) including on the Website and other media including Facebook and Twitter. We are being paid $15,000 (CASH) for or were paid "ZERO" shares of unrestricted or restricted common shares. We own zero shares of (LTNC), which we purchased in the open market. We plan to sell the "ZERO" shares of (LTNC) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (LTNC) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
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