Labor Smart Inc (LTNC)

[Nacho15]

He built a failing company by buying revenue and ignoring fundamentals. Anybody can buy revenue. Give anyone a few million dollars as a loan and they can buy a yacht and sell it at a loss and claim millions in revenue. Is that a fundamentally sound way of doing business? No, but that's what Schadel did. He took loans and diluted to build branch after branch while never turning a profit. That's not sustainable.

The skill Corp platform idea is already being done by other companies with backing by Silicon Valley. That is not going to be a game changer as it's old news, although it would be a nice addition if the company was fundamentally sound. It's not though.