Trading
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How about whoever that was that picked up 200k shares yesterday. Guess they think this is a cheap price for the stock.
$LTNC
yea it must be a scam then i guess. not sure how they managed to get all this crazy revenue growth but yea..it must be a scam..totally made up offices and revenue and audited financials.
$LTNC
your prev post said they only had 10k assets. thanks for clarifying they have almost 2 million in assets.
I see 1.977 million in assets...not sure what financials you are looking at lol
Big news out from $LTNC. $469k a week in revenue!
$LTNC News out and interesting tape reading from yesterday. A big move coming imo.
$469k a week in sales!!! The new division sounds exciting! Nothing but great things in store for $LTNC!
exactly 200k shares traded..this smells so much like institutional buying i can almost taste it!
Institutional without question imo.
Has the company given expectations for profitability? I dont think any serious investors are looking for profits yet. Imagine Peter Theil not investing in facebook until they were profitable LOLOLOL.
OK so im going over historical data and if you look back over time and sales data going back to 7/9 on days where the stock had more than usual volume in the .25-.29 range you can see there were some larger block trades on these days. I definitely think its institutional. Could be a precursor to a big move IMO!
The confirmation for me will be how long that 64k ask is allowed to stay there. If it is institutional I dont see why they would accumulate in the .25-.29 range and not take those out. Would just be too tempting given how thin the ask is. If its institutional no way does that ask make it through the rest of the day imo.
$LTNC
Interesting..my tape does not show that. Looks like pretty much ALL buys on ameritrade and etrade. Its helpful to have accurate information.
you are correct..no way is that a flipper. This has institutional written all over it. They wont come in and buy $500k worth of stock in a day..they start in slowly and add to their position as it moves up. atleast that is my experience when ive seen institutional get in OTC stocks..too thin to buy a bunch at once..they would over pay.
Obviously someone with alot of $$ is picking up shares today. Institutional??
$LTNC
Nice move! I know it was you!!!
Grats!
WE WERE TOLD THE LOSS WOULD BE OVER $1 MILLION BUT IT WASNT WAS IT? WASNT EVEN CLOSE WAS IT? I GUESS WE WERE WRONG AND WAY OVER PROJECTED WHAT LOSSES WOULD BE WERENT WE?
How could any of this be true with the customer count exceeding 1000 as recently mentioned and revenues growing almost triple over last year. Seems mathematically improbable to me.
It could be this and it could be that..so on and so forth. It could be that the company is growing just as they say they are and just as their financials prove. I think this is the most logical conclusion vs some if this and if that possible scenarios. Reminds me of that movie with danny devito in it where he is talking to shareholders at a takeover target.
How many bets that Q3 losses will be less than Q2 losses..maybe even less than Q1.
Put me down for a few bucks because the trend looks to me like thats whats going to happen.
I thought we were told that they would lose even more money as they added more revenues. Here we see 60% increase in revenue QoQ but not 60% in losses. I thought we were told that losses would be over $1 million but they werent even close.
I guess there has been some miscalculation or misunderstanding of this company's business model. It seems obvious to me that as they keep increasing revenue that they will reach a point where the expenses are easily paid and plenty of net profit left over!!
How can we say we expect a loss of 1 million and then say the loss was only 765k and still say they have no way to stay in business when we clearly are over projecting losses?
"Revenue for the six months ended June 30, 2013 was $6,540,912 as compared to $2,894,040 for the six months ended June 30, 2012"
Wow! How many OTC companies are growing like this? For that matter, how many NASDAQ companies are growing like this?
I thought we were told they would have losses over $1million for the quarter. Not even close! Great to see this company beating expectations! Go $LTNC.
I thought we were told the quarterly loss would be over a million? Guess we cant be right all the time. Good looking Q $LTNC.
at first glance it looks pretty good to me! about what I expected.
Im sure they will get filed by the deadline just like they always have.
Thats not Jan 1
If they are "losing", where are they getting all this revenue from? Whomever they are competing with doesn't seem to be holding on to their customers.
How much of a cash loss are you projecting?
How big do you think losses will be?
What expenses specifically are out of line and what would you say is "in line", i.e. what should those expenses be.
How long before the company breaks $500k per week in revenue? The CEO referenced this in the last PR. $26 mily a year in revenue would be amazing if they hit this in 2014 (honestly I think 30 mil + but just being conservative).
Show me ANY otc company that has accomplished as much as this company has in 19 months. 1, just 1. There aren't any!
yes cause all of that really matters in the big picture with this company. This is a growth play. Growing pains should be expected and already priced in to investor risk. I dont care about filing typos or ammendments. Im comfortable just knowing that the company makes changes promptly when they see inaccuracies.
triple digit revenue growth - this is what we should be talking about imo
Please provide sources for ALL of this information. I believe most of it to be false and the rest of it to be a stretch of the truth. Thanks in advance for contributing to the DD on this board.
I dont need to make false and uneducated statements from anonymity. I have personally met the CEO and I can assure all shareholders that he's no idiot, as all the below weren't enough to validate that anyway lol.
When Labor SMART started out in November 2011, they were started by one man with a dream and his own personal capital. Within 60 days he grew his company to 2 branches in 2 states and did $165,000 in revenues.
One year later, he grew his operations to 6 branches in 4 states and $7,100,000 in revenues.
So far this year, he has grown his operations to 14 branches in 9 states and has surpassed last years revenues within the first 7 months of 2013 and is currently projecting $16-$18 million in revenues.
Additionally, he has put together a dynamic infrastructure of proven mid to upper level executives with proven track records in the temporary labor industry (most coming from a billion dollar plus competitor), accumulated over $2,000,000 in assets, increased his clientele base to over 1,000 and currently employs over 3,000 temporary workers.
Not too bad for someone who started a business from the ground floor that is only 19 months old!
LOL thats not a PR
It would be prudent to provide a link to the PR referenced. I see no PR referencing the Q2 financials. There was no PR yesterday or any time previously referencing the Q2 financials. Maybe some dont know the difference between a PR and a filing.
Ive not seen any PRs related to the financials. Please provide the link to the PR referenced. If a PR can not be referenced it would be prudent to not make stuff up.
Would serve well to actually follow the company so people who dont know whats going on can actually find out whats going on instead of making stuff up or jumping to conclusions. www.sec.gov
"Labor Smart, Inc (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the period ended June 30, 2013 (the “Form 10-Q”). Additional time is needed for the Company to compile and analyze supporting documentation in order to complete the Form 10-Q and in order to permit the Company’s independent registered public accounting firm to complete its review of the unaudited condensed consolidated financial statements included in the Form 10-Q. The Company intends to file the Form 10-Q on or before August 19 , 2013. "
DD on this company is pretty easy with how transparent they are. Not sure why anyone would have trouble finding out what is going on with such a transparent company.