The mere fact that this discussion is happening and people arguing and guessing instead of relying on clear information provided by the "transparent" CEO indicates a big problem in its own. LaborSmart has two related Twitter accounts: @CRyanSchadel and @laborSMART_LTNC. Strangely enough, nothing is mentioned on the new suit developments on any of them.
One more item added to Ryan's list of things he's keeping under wraps. At the time he was supposed to update the shareholders about the situation, he shared an article on Twitter. Now the list of things shareholders don't know include:
- What branches were sold? (or if can not be disclosed).
- 10-Q (itself or any information about it).
- 10-K (itself or any information about it).
- The situation of Prometheus' suit.
- What happened to the 1 billion shares certificate? If not issued then why and what he's doing to fix that?
- What he's doing to verify naked shorting and fix it if true (
). Naked shorting can simply kill the stock and will eventually force him to RS despite his promises.
And I don't want anyone to tell me ask him on Twitter or call him, Ryan simply stopped giving any meaningful answers or doesn't answer at all. If anyone believes otherwise, you ask him and provide the answer.
Until this list is cleared and his general attitude towards informing shareholders and keeping them continuously updated changes, calling Ryan things like "communicative", "responsive", "transparent", or "best CEO" would be a joke, and a bad one.
Another bad joke is the "co-owners" title he's been using for the shareholders. Do "co-owners" currently know what they co-own?
The shareholders who keep defending Ryan's actions (or lack of actions thereof) based on the inertia of their previous trust are harming themselves and others because that effort and time are better directed to fixing the actual root cause of problem for which such discussions are happening at the first place: Ryan's actions and lack of transparency. Such discussions wouldn't happen at the first place if Ryan was doing his job right. So better to go fix the root problem by contacting Ryan and finding what's going on. If you are living nearby, visiting him at the office would be better (you are a "co-owner" and have rights, correct?). What you do instead is you keep wading in an infested pool of vague information, giving others the chance to abuse the situation against the company while that pool was supposed to be cleared instead. You are helping the problematic situation grow worse. Imagine any potential investor coming here to be slammed with such amount of uncertainties for basic things there are supposed to be absolutely clear. No potential shareholder is sold on your faith and believes. Better to go exercise your right to know the FACTS as a "CO-OWNER".
LTNC IS HEADING TO NO BID AND MAYBE RS. IF YOU ARE A SHAREHOLDERS AND CARE ABOUT YOUR INVESTMENT, WAKE UP AND DO SOMETHING INSTEAD OF DEFENDING A WRONG SITUATION!
Your money, your decisions.
