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We are different, I can't help but think about the common good and people who trusted Ryan/LaborSmart and put their hard-earned money in this stock as well as individual gain. And usually when it's good for the group it's good for the individual too. Yes there's the "do not invest what you can't afford to lose" and all that bla bla bla but at the end there's hard-earned money of many at stake. I agree that there are shareholders who are happy with the direction the company is going in but I believe there are a lot also in the opposite. Not everyone is like you with funds and can keep buying, there are those who squeezed themselves to get shares of LTNC and are worried of the strange performance despite the good developments and wonder for how long this will go on. This is a sign of a fundamental problem. I don't think I'd be mistaken if I say that I speak the minds of many shareholders who don't like the current situation but can not go as far as criticize Ryan in public, it's usually you are either all with or all against when it comes to posting. Luckily, I don't have this problem so let me speak on behalf of myself and those who are worried (if they don't mind).
What I meant by under water is the figurative view of going up in hopes to stay afloat but suddenly go down against one's will and so on. But if you want a fair example, I think Ryan's own evaluation of 0.005 (now probably 0.006/7) would be a fair water level to measure from. This way the current PPS would be actually at the depth of the ocean.
Of course the share will rise when it's ready but the problem is that this "ready" day was supposed to be months ago in the proper relative value! The fact that it didn't happen till now is a major red flag that needs explanation and clear plan not a blurry scene.
How Ryan has made you a lot of money unless you are flipping? My understanding is that you are long, right? Anyway the facts say that you are not the only one on this stock. People talk all the time as if everyone bought at 0.0001! Others are shareholders who bought at 0.0006+ and every time they expect the stock to finally break out, it is hammered again. Ryan has not made intelligent investors money, or any investors thereof. The only ones who have been making money off this stock for months are the flippers. And no, LaborSmart has not been turned into "MONEYSMART" because investors here do not benefit from the status of LaborSmart, they benefit from the status of its stock PPS and there's no need to explain how bad it's been performing for months against all logic. These are the facts the shareholders/co-owners/investors care for.
There's are fundamental problems that need to be addressed and solved.
I believe Ryan is trying to stretch the limits and control things to happen in a certain way/timing for the best of the company and shareholders. The problem is the stock keeps hitting the wall all the time. Every time it tries to get its head above the water to breath it drowns again. I tried to be patient and stop criticizing his actions and hope for the best after the last 8-K and actually believed like many that it will leave the trips at last only to end up as it is now, ready to collapse back again to 04/05 and repeat the same silly movie that's been playing for the past couple of months. Ryan has no time to inform his "co-owners" about the release date of the late 10-K and leaving them arguing and guessing and defending against bashers about it but has time to inform them on Twitter about him going to the gym and drinking Red Bull! I don't mind sharing his fun with the "co-owners" but first things first especially when a stock is suffering this way. For once I hope to stop seeing posts about hoping to breaking out of the trips "soon" and instead see posts about actually breaking out of it. About a month ago Ryan's PPS evaluation was 0.005. Now after releasing this good 8-K what it's supposed to be, say 0.006/7? Still the stock is trading at about 10% of it's fair value and that fundamental problem hasn't been slightly corrected to become say 50%. When will Ryan provide the simple info that his "co-owners" need instead of this blurry image. For instance, providing information about the 10-K release date or at least what's the reason for its delay would be a good start.
I don't know where you got this from. Out of the last 25 PRs shown below, only 2 were on Friday! If you add last Periscope, that would make it 3 out of 25 at most! Ryan's tweets do not favor Friday over other days too. No need to raise false hopes to be crushed later. The PPS is already being hammered on its own and doesn't need any more hammering.
- LABOR SMART, INC. Files SEC form 8-K, Other Events (Mon, Apr 18)
- LABOR SMART, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Dispos (Wed, Apr 6)
- Labor SMART, Inc. Sued For Fraud (Mon, Apr 4)
- Reminder: Labor SMART, Inc. Live Announcement to Be Held on April 1st (Mon, Mar 28)
- Labor SMART, Inc. to Make Live Announcement on March 25th (Thu, Mar 17)
- Technical Insights on Equity Movements - Research Reports on Labor Smart, Cannabis Sativa, Supreme Pharmaceuticals and Orkla (Wed, Mar 16)
- LABOR SMART, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year (Thu, Mar 3)
- Labor SMART, Inc. Progress Report (Tue, Mar 1)
- Labor SMART, Inc. Extinguishes $800,000 in Convertible Debt (Wed, Feb 24)
- Labor SMART, Inc. Nets $677k in Transaction (Mon, Feb 22)
- Labor SMART, Inc. Shareholder Update (Thu, Feb 18)
- Labor SMART, Inc. Receives LOI (Tue, Feb 16)
- Labor SMART, Inc. to Explore Sale of Six Branch Locations to The Staffing Group (Fri, Feb 12)
- Labor SMART, Inc. Comments on Recent Trading Activity (Thu, Feb 11)
- LABOR SMART, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (Wed, Jan 27)
- Labor SMART, Inc. Board Authorizes Share Buyback (Tue, Jan 26)
- Growth Expert Eddie Schmidt Joins Labor SMART, Inc. (Wed, Jan 20)
- Traders Look to Upside -- Complementary Research on Labor Smart, Vantage Drilling, Liquefied Natural Gas and Fresh Healthy Vending International (Tue, Jan 19)
- Labor SMART, Inc. CEO Cancels Shares (Fri, Jan 15)
- Labor SMART, Inc. Updates Shareholders on Recent Initiatives (Tue, Jan 12)
- Labor SMART, Inc. to Crowdfund Next Phase of Expansion (Wed, Jan 6)
- Corporate Finance Specialist Bud Little Joins Labor SMART, Inc. (Mon, Dec 28)
- Decorated Army Veteran Dave Wallace Joins Labor SMART, Inc. (Thu, Dec 17)
- Glenn Welstad, Founder of Labor Ready and Command Center, Joins Labor SMART, Inc. (Wed, Dec 9)
- LABOR SMART, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (Tue, Dec 8)
Reference: http://finance.yahoo.com/q/h?s=LTNC&t=2016-04-18
I guess there are no limitations on Ryan's personal share purchase but even if there are time/volume limitations like regular buyback, you can tell how much he's allowed to buy in a single day by finding the maximum one-day volume in the previous Form 4s. And most probably he can go even higher. So I don’t mind him giving himself all the bounces he can as long as he uses them to accelerate the buyback via pseudo-buyback aka personal share purshase.
Assuming this is true, it would be a creative way to get around the company buyback time and volume limitations. Ryan can buy much much more anytime he wants off the open market. It would be a good way to accelerate the buyback. He can cancel shares out of his own as he previously did with the 706 million shares.
Looking it from another point (again if true), then starting from the point the money became his, he could do whatever he wanted with it whether to invest anywhere else or at least save it in the bank risk-free. Investing his own money in LTNC shows how much he's confident about the company and how far he's willing to go to turn it around. It wouldn't be a problem if he personally benefits through the process too.
Measuring things from a 150 million AS point is misleading. A practical and realistic measure is the current situation where shareholders have been buying at an 8 billion AS, this is all what they care about. From that point on, bringing the AS down to 4 or 5 billion would make things very much better. Adding that the OS has practically been reduced to about 5.4 billion due to CEO's nearly-restricted share selling makes things even better so no matter what the new OS becomes, you can take the CEO's own shares out of it, another plus.
My understanding is that all potential legal problems from Tailwind's side that were mentioned on the board a couple of days ago have been eliminated and that risk has been cleared, correct?
Very good news. Hopefully it runs well from now on.
Being long or short term stock depends on every shareholder's target so there's no absolute description for it as a long-term stock. On the other side, if things are going right, the PPS should've been proportionate to the developments already done. For months Ryan and many posters here have been labeling LTNC "undervalued". About three weeks ago, Ryan's own PPS evaluation was 0.005. So for a shareholder whose target is 0.0015, LTNC was supposed to be a short-term stock that reached its target months ago. We better not take our eyes off the current problematic situation by believing that all what's needed to fix it is just to wait more time. If at the PPS fair price now is 0.005 but it strangely can not not exceed 10%, what makes anyone believe that at a fair price of say 0.1 the stock will actually trade higher than 10% too or even 20% if the situation enhanced. At a certain point, you will run out of patience and believe it's overdue already just to find another poster telling you the same thing that LTNC is a long-term stock and if you don't have the patience you should move on. If the root cause of this undervaluation is to be solved, it better be solved NOW, not long-term. At least to make it reach something like 75% or even 50%, anything UP rather than down! If you think that the solution is to just wait, by then you could either find that you had a wrong belief that time is the solution and that you have to wait for "longer-term" and so on till you run out of patience.
I wish I could share the same enthusiasm but I can not ignore another fact in the same event. 91.5% buys of a total volume of 134 million was supposed to take out all the 05s and 06s easily and maybe 07s to close at 06/07 or higher but trading still closed at 05! Inside that volume, shareholders who exited through the last shake were expected to be adding to rebuild their positions, and a buyback was supposedly going on, two factors that should give no room for flipping. So the PPS was supposed to have no way to go but up. Yet, tens of millions of shares poured at the 05 ask. Obviously, the simple dynamics that are supposed to move the PPS up do not work with LTNC. If you look at the past couple of months you'll notice many similar instances of high volume and suffering price with overall poor performance dominant through that period. Anyone has a reasonable explanation for that? And how long this is supposed to go on?
Note: For accuracy, buys are 91.5% not 96%. It's 123,247,648 buys of 134,690,726 total volume.
No I won't be surprised because as I mentioned, I myself was expecting canceling the 1 billion shares and in fact I'm still expecting it. But this is not the point, as I wrote before: "Do you see what I'm saying now about the vague plan, information, and course?". The certificate thing will be gone in a while, I mentioned it only as an example. The mere fact that we are arguing about the meaning of an indirect message--no matter which meaning is correct--is the problem. Another person can come in and argue that the "dynamite" message actually means destroying the competition! Communication in business shouldn't be like this especially where there's nothing to prevent clear direct communication and in a situation as messy as the way the stock has been trading recently.
The following Twitter conversation started yesterday:
- @chanry879: @CRyanSchadel Ryan looks like when you go silent the volume absolutely stops? Do you have a cure for this?
- @CRyanSchadel: @chanry879 Can't say that I do. Not going "silent" though, just in battle.
Then someone asked on this board: Saw the tweet from Ryan saying he's in battle. What is that all about?
So I replied: I believe it's the manipulation law suit. I'm hoping for good news.
And I really believed and expected it's nothing other than that the same you (and I and others) expected that the "dynamite" message means nothing but canceling the 1 billions shares. Then later the Twitter discussion continued like this:
- @MBFrabotta: @CRyanSchadel @chanry879 is it just one battle or part of a bigger war?
- @CRyanSchadel: @MBFrabotta @chanry879 "in battle" my way of saying busy as hell
So we finally discovered that "in battle" does not mean "law suit" and it actually means "busy as hell".
Did you get my point about vague plan and information? Other examples are:
- What are the remaining note payments?
- What is the payment schedule and deadline to plug all the holes through which the stock could be manipulated?
I think I said enough already in my last couple of posts about the problems I see with LTNC that can easily be fixed. This stock is a good thing with a huge potential but has some problems that need to be admitted and fixed and doing so is not hard at least to build more confidence among current and potential shareholders to help get it on its feet to get out of the tips hole it's been circling in for months.
Do you see what I'm saying now about the vague plan, information, and course? I expected too that he'd burn the 1 billion shares certificate in the last Periscope and hoped for it but it didn't happen. He could not get the certificate before the Periscope so we don't know whether it was really planned or not, and whether if/when he gets it, will he really burn it or not? Do you know? can you absolutely confirm based on a trusted source that it will happen and be accountable for what you say? One time it's based on "common sense" and one time it's concluded by Ryan's asking for dynamite in a tweet, and till now Ryan himself has not confirmed or denied it despite his many tweets about less important things. What's the problem? I'm not asking for fireworks or shows, a clear tweet saying "1 billion shares will be canceled upon receiving the certificate expected date x" or another one saying "No plans to cancel 1 billion shares" would do it instead of leaving people guessing and wondering and arguing for weeks. I don't want to "figure out", I want to "know", whether yes or no, as long as it's possible. Enough already, the stock has been hammered two times so far and is currently scratching the floor instead of trading around 0.005 as per Ryan's own evaluation. It's not missing any more confusion and uncertainty.
What's the relation between what I mentioned and waiting for/buying at for 0.005? I'm talking about a stock that's easily manipulated and needs to be fixed. Does whether me or anyone buys or not and at what price change the point that this manipulation vulnerability needs to be fixed?!
I believe it's the manipulation law suit. I'm hoping for good news.
Is there's any other reason any long shareholder/investors purchases stock shares of LTNC or any other stock including yourself? Is there's something I'm missing here?
This is not accurate though we agree on the concept. The last manipulation did not bring the PPS from 0.005 to 10% of 0.0005, it hammered it from about 0.0007 to 04 only and now it's up to 05. Even the harm done by the rogue note converter before it had almost the same effect. So the stock was not doing well before the manipulation. Manipulation makes it only get worse. In concept yes, manipulation (my opinion) affected the PPS badly but it's not the reason it's trading like this.
You missed my point, my concern is not if there's manipulation or not, it's that the stock is "manipulable", it's "fragile", "weak"! In a short time, someone took advantage of this weakness, when the price started to show strength, another one did the same in a different way. Do you think this will be the last time? Hopefully yes but it could happen again. How more hits the stock and current shareholders can take? How many of the "long and strong" shareholders sold through the last drop and realized losses? Ryan is working hard but I'm afraid his work is either wrong or insufficient. There are many holes that need to be sealed and your own money could be leaking during the next hit. I'm not looking for hard work, I'm looking for effectiveness, results. And considering that there's a powerful advisory board, I wonder why it's going this way if they are doing their work right.
This stock is a great opportunity. It has a huge potential. Hundreds of thousands of dollars were spent to fix it. And yet it's still an easy prey like this? What's going on?! What exactly this is going to end?
What I'm saying: Someone must find what's wrong and fix it, really fix it.
I wish this stock realizes its full potential, good luck to everyone.
Your statement missed the concluding and most important part: "what about the PPS?". When you hire a plumber to fix your bathroom and he spends a lot of time, money, materials, and does tons of work but the situation turns out badly, the pipes are leaking and water pressure is low, you don't feel happy and proud because of the amount of work done and resources used. One rather should be questioning what went wrong. The amount of situation correction was at least supposed to be proportionate to the amount of work done, don't you agree? There's a difference between efficiency and effectiveness. You might feel happy about all what Ryan has done but there are others whose response is "so what's going wrong?". His work is efficient but not effective. I'm not calling for immediate PPS adjustment because it needs to take its course but I'm questioning the direction where it is headed in response to all what you mentioned. We are not talking about a little deviation here, the PPS went down to 10% of its expected value as per Ryan himself and can't sustain itself. If the work/PPS correlation was right and at least going in the right direction, heading up even a little, I wouldn't be that concerned. LTNC is "leaking" and the effectiveness of the work done needs to be addressed and corrected for the sake of the shareholders and Ryan himself.
One of the things I don't like is that Ryan gives the chance for such posts to be posted. Whether true, false, misleading, lies, or outdated, if all the mess was wiped out, no one would find the chance to post such things. Ryan must clear all the mess and fix things sooner than later.
To the contrary, the potential is well known. Go back to the posts of the past 5 months and see for yourself. And considering that posters on this board represent only a fraction of shareholders/traders on the ground, you can safely assume that the potential of LTNC is well established. The problem is that it's the wrong type of potential! Yes the company and its business have a big potential but shareholders are actually want the potential of the PPS which seems to be living in a separate universe. What's the use of a company that's doing well as a business while its stock is going in circles while heading down?
LTNC is trading at dangerous levels that make it fragile, collapsible, and a prey to flippers. Moving the PPS high to a safer zone is important to safeguard it against collapsing by reducing flipping to a safe ratio by making it less attractive and attracting a new type of investors who would never touch it at the current PPS level.
There's a huge potential for new comers who are willing to wait for a long time, and for flippers of course, but what about the shareholders who have been holding for months? And leave aside the repeating "500% from no bid" thing we keep hearing, there are shareholders who bought at higher levels and have seen their positions' values drop by 50% or more.
I'm waiting to see Ryan's actions to fix the current situation.
For months there have been cries of incoming doom and gloom from one side, and "to the moon" from the other. Neither seem to be materializing. LTNC has been chasing its tail in a minefield of uncertainties for the past couple of months. A lot of good things and yet nothing solid to hold on to and a CEO bewildered that the stock is trading at 10% of his expected value. Two landmines exploded recently in the form of people taking advantage of the evil notes gap and each time the PPS was crushed to a lower level to stay there and yet the notes exact situation is still unknown. The longness-and-strongness of many was tested the last explosion and obviously it turned out to be hot air evidenced by the huge sell off and those big holders that were about to sell. This is normal after pressing the shareholders' nerves for many months. The landmines have not been removed and a new one could explode again anytime and the PPS that dropped from a stubborn 0.0007 to 05 could be sitting next at 03/02, not the best reward for the shareholders who believed in this company and its CEO. Ryan should take serious actions and be transparent about what's going on and share detailed plans on how he is fixing that situation. Exact numbers of pending payments, a payment schedule, and a deadline for finishing those payments to clear the landmines must be announced to help avoiding a new blood bath after a while. There's a big opportunity here but the problem is that this opportunity could be for a new wave of shareholders instead of the ones that have been holding this stock for many months.
Let's see if Ryan will share an aggressive, clear, accelerated, and detailed plan or will keep the shareholders in the dark holding on only to vague promises. Showing results, strength, and real PPS appreciation (not only taking about it) is crucial for saving this stock from the miserable direction it's heading into.
That moderator should be removed first. Anyone knows the process?
Hey I-Glow, did you read the questions I asked you before about the attorney's opinion you posted? Time to answer them or what? Here they are for the third time:
- Is the "opinion" of the other side's attorney a sufficient basis for making the requested payment or it's just an opinion?
- Should Ryan be obliged to that "opinion"?
- What if Ryan's attorney has a different opinion?
You didn't answer the questions I asked before about this issue so I'm asking again:
- Is the "opinion" of the other side's attorney a sufficient basis for making the requested payment or it's just an opinion?
- Should Ryan be obliged to that "opinion"?
- What if Ryan's attorney has a different opinion?
Ryan should take a counter action. He can not fix others' misbehaviors but he can teach them that this company is not something to mess with. It's not only for this case but also for the future in case anyone is looking for an easy prey to take advantage of.
Also he should close the notes hole ASAP to eliminate that weakness point and the headaches that could come from it.
Is the "opinion" of the other side's attorney a sufficient basis for making the requested payment or it's just an opinion? Should Ryan be obliged to that "opinion"? What if Ryan's attorney has a different opinion?
Actually you are siding with anything or anyone against Ryan Schadel or LaborSmart regardless.
No, of course the reason is relevant if you want to conclude something from the story.
On another note, I see the following in your reply: "mid level manager", "branches", "people", "staff". In the OTC world where shell and one-man companies are the norm, to have a company trading in the trips with multiple levels of management, branches, staff, and tens of millions in revenues over the years is a very good thing no matter how they are especially when that company is taking serious steps to turn itself around.
It doesn't speak anything. Assuming what you "heard" is true, what was the reason? Are you sure he didn't receive a very good offer from another company because of the experience he gained at LaborSmart? Or went on to establish his private business also based on the experience he gained at LaborSmart? What's your point?
The more I see how some people are trying hard to bring this company down, the more I believe there's something big going on with it.
You can compare Ryan Schadel to Tim Cook when you can compare LaborSmart to Apple. Now it's still a little bit early for that.
However, for examples of big companies that use Periscope, you can take a look at T-Mobile, Red Bull, Doritos, General Electric, among others.
Another important point he mentioned @16:46 is that once they get through the first buyback, he anticipates being able to do another buyback if they have the funds to do so. Check it out here:
That's where "ignore" helps big time.
This is wrong. His options were NOT limited to a pseudo-buyback via a bonus. As I mentioned, he had the easy pennyland standard procedure of doing an RS. He could do an RS, get PPS to raise, dump shares to make more money, rinse and repeat. But he chose the hard way to preserve shareholders investments. He even put himself in a situation where he has his own money invested like any other shareholder while he could invest it any other way. So no, his options were NOT limited. And no, he's not desperate. This is not the action of a desperate person. In fact, the fact that he chose that option over doing an RS shows that he is very optimistic about the company. Nice try.
If that's the case, it could be a way of performing a pseudo-buyback by getting around the buyback volume and time limitations especially at a time where there was almost no volume, and absorbing huge amounts of shares in a much shorter time than a buyback, without announcing a buyback which could've raised the PPS, and at the same time benefiting on the personal level.
What if his purpose was using that money to lower the shares without an RS? He would be limited to buying back very little shares because the daily volume was very little and the regulations limit him to a percentage of the volume. How long it would takr him to buyback 2.69 billion shares with that manner? He'd probably be still trying to finish the first billion. Remember that outof these shares, he canceled 706 million already. Think about it as he got that money because it has a better use via him personally than via the company. He gave the money a leverage by doing that move. Brilliant, right?
This indicates many things:
- Ryan does not want to do an RS, he went through all that trouble to avoid it while it was very easy to do.
- He can think outside the box and find unusual solutions.
- He cares about his reputation and the shareholders and could be trusted that he's doing his best for the benefit of the company and the shareholders.
- That move has another benefit that it made him the biggest shareholder so he has personal interest in succeeding the company and a lot to worry about like any other shareholder. It serves as a reassurance to the shareholders.
Whether he did it on purpose or not, the results remain the same. What could be a better use for that money than this? It's one of the many great things in LTNC.
It seems you counted the 706 million canceled shares separately and added them to Ryan's personal shares while they should be deducted instead. The correct number as I see it according to the last official update:
- Shares Owned by CEO (02/12/2016): 1,989,153,060
- Canceled Shares (01/14/2016): 706,867,658
- Total CEO Purchased Shares: 1,989,153,060 + 706,867,658 = 2,696,020,718
Reference: http://www.nasdaq.com/symbol/ltnc/insider-trades
What gap?
It's good to mention that the AS is now 8B down from the 20B you posted before. A 12B reduction. It's indeed a very good step that's worth mentioning again and again.
Complaining about red flags in an OTC stock trading in triple zero is really strange. It’s like going to the north pole then complaining about too much ice and too much cold! Red flags are the norm here. If you have a problem with them then you've come the the wrong place to start with. Red flags would be bad if they refer to proven lies but complaining about things like bad financials or no profitability on such OTC trips stock is just absurd, did you expect anything else?! Lies are not not a problem with LTNC. For a couple of months now Ryan has proven to be a man of his word who admitted previous mistakes and is working on correcting them. He has his own interest at stake by personally owning a huge amount of shares.
However, those red flags are in fact a good thing. They are what makes LTNC a great opportunity by making it possible to buy shares at such low prices with a potential of huge profits in the future.
You missed the dollar sign. It's 2 million "dollars" share buyback. It has already started as per Ryan's tweets.