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7s shakkkkkkkkin
Watch that 6 bid build just like 5s
Bid vs ask looks good no sellers
Considering this the Otcm that's a weird statement lol
And more huge buy back occurring right now!
That's weird no price reaction to that big FIND lol
It's coming
Looking good here 7s up bid may come $$$$LTNC
Quick look at the recent HUGE events that have occurred
April 6th 2016 8-k
https://biz.yahoo.com/e/160406/ltnc8-k.html
Entry into a Material Definitive Agreement, Completion of Acquisition or Dispos
Item 1.01 Entry into a Material Definitive Agreement.
On April 1, 2016, Labor Smart, Inc. (the "Company") entered in an Agreement for Purchase and Sale of Assets (the "Agreement") with The Staffing Group Ltd. (the "Buyer"). Pursuant to the Agreement, the Buyer will purchase from the Company the operating assets of four (4) branch locations, which shall only include customer lists, title to certain leases for real or personal property, contracts, fixed assets, and business records (collectively the "Purchased Assets"). The Company shall retain all open accounts receivable of the Purchased Assets of approximately $571,142.00. In consideration for the Purchased Assets, Buyer shall pay to the Company a purchase price equal to $2,915,000.00, paid as follows: (i) $890,890.00 in cash, (ii) 600,000 shares of Buyer's common stock at a cost basis of $1.80 per share, (iii) a promissory note executed by Buyer in favor of the Company in the amount of $755,000.00, (iv) payoff of certain of the Company's outstanding debt totaling $29,110.00, and (v) direct payment to IRS on behalf of the Company in the amount of $160,000.00 (the "Purchase Price").
Item 2.01 Completion of Acquisition or Disposition of Assets.
On April 1, 2016, the Company closed the Agreement described in Item 1.01 above and on April 5, 2016, the Purchase Price was released from escrow.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
10.1 Agreement for Purchase and Sale of Assets
Now most recent 8-k April 1816 2016
https://biz.yahoo.com/e/160418/ltnc8-k.html
Other Events
Item 8.01 Other Events.
On April 15, 2016, the Company entered into a Note Settlement Agreement (the "Settlement Agreement") with Tailwind Partners, LLC, Tailwind Partners 3, LLC and Firehole River Capital, LLC (the "Noteholders") to settle the remaining portions of the convertible promissory notes dated June 6, 2014, in the original principal amount of $106,000.00, July 8, 2014 in the original principal amount of $106,000.00, July 22, 2014, in the original principal amount of $106,000.00 and October 31, 2014, in the original principal amount of $106,000.00 (the "Notes") that were held by the Noteholders as of that date. Under the terms of the Settlement Agreement, the Company paid a one-time lump sum of $120,000.00 for full settlement of any balance owed to the Noteholders as of April 15, 2016, including principal, interest, penalties, and fees and cancelled any warrants held by the Noteholders and/or their affiliates. The Company and the Noteholders mutually released each other from any past or future known or unknown claims and the Noteholders agreed to dismiss the lawsuit they filed against the Company.
On April 18, 2016, the Company made the final cash payment due to Eastmore Capital, LLC ("Eastmore") under a previously entered into Forbearance Agreement. This cash payment was the final payment due to Eastmore to pay off the convertible promissory note dated September 19, 2014, in the original principal amount of $110,000.00, issued to Eastmore.
On April 18, 2016, the Company made the final cash payment due to WHC Capital, LLC ("WHC") under a previously entered into Forbearance Agreement. This cash payment was the final payment due to WHC to pay off the convertible promissory note dated July 23, 2014, in the original principal amount of $101,000.00, issued to WHC.
Let's see here update 7s on the ask
Bye bye 6s
Keep pushing bro !! Haha
Mega hits keep going and bid keeps stacking
Look at them smacks bud
Considering there has been no hits on that huge bid I say people are buying idk of you remember yesterday
6 slap attack incoming
All these negatives you think people would be selling huh??
Huge bid no sellers 7s soon
Isn't hurting my account
55,000$$$ bidding
100M bid to open up the day lets ride $$$
LONG AND STRONG
I would sure like to see that
I think more like Friday there's a full moon that day nick names the pink moon
Wonder if Ryan was any of those buys today
Rising the most read EYES $$$$$$
Those were some nice smacks can't wait to see the continuation tomorrow
True
Loved this part
Noteholders agreed to dismiss the lawsuit they filed against the Company.
So much the FRAUD FRAUD lol
Huge bid building
Entering powerhour here 7s gona get tapped
Huge step in the right direction today!
Bid stacking here is this finally the spark traderpie?
8-K out
Item 8.01 Other Events.
On April 15, 2016, the Company entered into a Note Settlement Agreement (the “Settlement Agreement”) with Tailwind Partners, LLC, Tailwind Partners 3, LLC and Firehole River Capital, LLC (the “Noteholders”) to settle the remaining portions of the convertible promissory notes dated June 6, 2014, in the original principal amount of $106,000.00, July 8, 2014 in the original principal amount of $106,000.00, July 22, 2014, in the original principal amount of $106,000.00 and October 31, 2014, in the original principal amount of $106,000.00 (the “Notes”) that were held by the Noteholders as of that date. Under the terms of the Settlement Agreement, the Company paid a one-time lump sum of $120,000.00 for full settlement of any balance owed to the Noteholders as of April 15, 2016, including principal, interest, penalties, and fees and cancelled any warrants held by the Noteholders and/or their affiliates. The Company and the Noteholders mutually released each other from any past or future known or unknown claims and the Noteholders agreed to dismiss the lawsuit they filed against the Company.
On April 18, 2016, the Company made the final cash payment due to Eastmore Capital, LLC (“Eastmore”) under a previously entered into Forbearance Agreement. This cash payment was the final payment due to Eastmore to pay off the convertible promissory note dated September 19, 2014, in the original principal amount of $110,000.00, issued to Eastmore.
On April 18, 2016, the Company made the final cash payment due to WHC Capital, LLC (“WHC”) under a previously entered into Forbearance Agreement. This cash payment was the final payment due to WHC to pay off the convertible promissory note dated July 23, 2014, in the original principal amount of $101,000.00, issued to WHC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 18, 2016
And bids $$$$&
weeeee look at that bid lets go boys
It what universe did that math work
Here we go LTNC