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I'm a long here bud I'm not attacking LTNC. I'm referencing the accelerated buy back that Ryan spoke of. If it's in motion already, I'm all for it. If it's started now, even better for us being that more shares are taken out of the float at a lower pps, thus locking up the float. I don't mind if it stays at these levels for several months before a run, the float could literally be sliced in half or more at these price levels. LTNC
Explosive indeed. I haven't been this excited since I was last in SPLI I'm 2014 before symbol change to VPOR. The CEO did the same thing with the SS that Ryan is doing here and will continue to do, I've never seen a stock like that since then, until now. LTNC
Could have been restricted shares being added...you do know board members hold shares right? And that the OS is comprised of both the float and the restricted shares...? Right? Even if it was a conversion, the $2 mil buy back hasn't even started yet so it will just get absorbed anyways. The lower the pps, the more shares can be cleared from the float, since you can't buy back restricted shares... LTNC
How is it not a game changer when it's never been done? It's never been done before and when it succeeds and is able to be used in every state and in every city in the country, it will completely change the landscape of the industry. As far as the branch, account rep and manager...it's not rare to be employed and never have direct relations with either one except the manager...keep in mind, it's day labor, it isn't labor smarts job to manage them. Their only function is to find these people work and ensure they get paid. LTNC
Exactly! LTNC
The same was said about online dating, now it's a billion dollar industry lol. A physical location is nice but your telling me that it wouldn't be more convenient to find day labor using an app where you just apply and fill out an app from your phone and get selected for work the moment you receive a notification? That sure beats standing around waiting around to be selected for work at a headquarters when you could be putting in job applications at the same time your waiting for the notification...it's never been done before ( to my knowledge) and it's more convenient. Just because you're familiar with the industry doesn't mean you won't be wrong. LTNC
First of all, LTNC was awarded the $3 mil, not the other way around bud. The question was how did TSGL get the money to buy the branches from LTNC...through the $3 mil line. Lmao...LTNC will be left with the skillcorps platform
http://www.laborsmartblog.com/#!Embracing-the-Digital-Age/c1tye/56def0a60cf2a71b043b6669
and the remaining branches they have until further updates. If skillcorps can do the job that the prior and existing could do from one or fewer locations, why not continue to sell them all...? Skillcorps reach ability to all over the country without building more branches would make more sense...wouldn't it...? That's the whole point in having skillcorps, to do the same job with the same performance without needing branches in various area when workers can find work and clock in using the app. If they sold all the branches except one to have as a headquarters because skillcorps is just as affective, what's wrong with that...? Hell...skillcorps is better than a thousand branches being that it all can be done from an app. LTNC
It would be smart if that's what they were doing....but sadly that's only speculation lol I could say LTNC is going to the NASDAQ tomorrow, doesn't make it true though. LTNC
What's really hilarious is that your reaching for the wind lol I hope for your sake that you don't hold your breath. LTNC
You clearly can't read or don't understand an 8k...the buyer in the 8k is TSGL. LTNC is the note holder not the other way around. Ask yourself, if LTNC is the seller, why would they issue $750k worth of stock...? LTNC
Considering the OS was approximately 6.6 bil around NOV last year and it's now 7.7 bil, also considering the float was around 277 mil last January...the float can't be more than 4 bil at the most. At least $1 million towards the buy back at .0007 would knock off 1.5 bil off the float, with that being said, I hope the pps stays down until have the float is done away with. Let's say in the worst case scenario the float is 4 bil, 1.5 bil bought back at .0007 takes us to a 2.5 bil float...the float (free shares on the market that are tradeable by retail investors) is all that matters guys and gals, the rest of the OS is restricted shares. Read the signs! Long and strong, load the boat! LTNC
Of course lol the same ones bashing bought 5s and are stacking the ask for a 1 tick flip hopping to repeat, thanks to jack ass, he wanted to prove a point by releasing a pr in hopes that he could get shares and get in low before the run. LTNC
Great find! The transaction was definitely a win win for both parties. LTNC
He knew what Ryan's plans were, he's trying to act all innocent like he was just trying to do his job. Apparently he's looking out for his shareholders interest by releasing a pr like he did, with no regard for the share holders of LTNC. He knew he could have got cash up front, if his intent was to have the debt paid off in full but no...he knows a huge run is coming and he wanted in as low as possible before this hits multiple pennies. Why else would he release the pr the following Monday after a great announcement and right before the 8k...clearly to shake the tree and try to bully Ryan into issuing shares so he could get in low before the run. LTNC
A money laundering pimp lmao and he says he issued the pr to let investors of Prometheus Capital know they mean business...how is he the manager but he forgot about the accredited investor verification rule which is also tied into the reference 4.4 in the promissory note. If he's an accredited investor, why not provide the proper proof and verification that Ryan was asking for according to rule 506(c)? Ryan is authorized to exercise that rule which is a right...and Maese's only response is "I am an accredited investor"...lmfao! LTNC
Why pay off debt with revenues, when you scale down and use the funds from those sales..? Like I said in previous posts to a different poster who has yet to reply lol why work harder if you can work smarter? He's selling off branches that brought in revenue for a reason...either another means to maintain that revenue or to double it is already in the works or is in negotiations. To me that's common sense if you understand how business works...why waste man power and resources if you can maintain the same performance with a different method or a possible partnership? Look out for news soon, Ryan is up to something way more beneficial for the company in the long run, otherwise the offices would still be up and running. LTNC
He's been paying off debt in cash, I'm sure before he lowered the AS he was able negotiate to pay the remainder of notes in cash. Prometheus capital was something that came out of the blue because supposedly they were assigned a portion of a promissory note by a debt holder...more than likely Maese knew he could get the money in cash but wanted shares instead because he wanted discounted shares and he knows where the pps is going. The scenario is hardly bleak for longs lmao with an accelerated buy back and debt is being rapidly paid off...? I think not. LTNC
And of course your twisting my words lmao it would make sense to scale down if you have another avenue to bring in that same amount of revenue or even more...so why work harder and not smarter?? The whole point in business is to find a need in the market and fIll it and if you can reduce man power and resources and still maintain or double your profits, why not? Like I said, keep your eye out for news. LTNC
That act in and of itself was malicious and criminal and was meant to cause damages and injuries to LTNC and its share holders. He will lose everything and court. LTNC
Your question was answered in my last post. The writing is on the wall, watch out for news. LTNC
If the branch was bringing in millions, common sense would tell you that an opportunity to be more profitable is being negotiated or already on the horizon...the writing is on the wall for all to see, so why keep a branch open to waste man power and resources when you can scale down and work smarter and not harder...?? Forget trading, do you even understand business and how it works...? LTNC
Actually no I didn't misread anything...you are correct about what an accredited investor is but that's not my argument. Mr. Schadel is authorized to excercise rule 506(c) of the Securities Act of 1933...you did not satisfy that rule and present the proper documentation. What makes you look even worst, your the manager of a "hedge fund" right? Why are you on social media discussing a lawsuit and divulging legal documents...? Isn't that suppose to be kept quiet until a verdict is given in court...? That's highly unprofessional, not to mention you created a profile on an investor forum lol to argue or reason with share holders...? LTNC
Prometheus Capital Solutions and Steven Maese will lose this case in court and lose their shirts and everything they have based on rule 506 (c) of the Securities Act of 1933.
http://www.crowdfundinsider.com/2015/10/75509-everything-you-need-to-know-about-accredited-investor-verification/
He really should have thoroughly
done his home work before filing a lawsuit and releasing a pr that caused injuries to LTNC and its share holders. LTNC
The main issue at hand that dismisses this whole case of "fraud" is that according to rule 506 of the Securities act of 1933, Maese did not follow the proper protocol for the accredited investor verification safe harbor.
https://www.andrewskurth.com/insights-1122.html
When asked to show proof, he only provided exhibit B (the promissory note between LTNC and Tailwind) and C (the accredited investor affidavit) in the law suit filing documents he provided on his Twitter handle. Rule 501 is to be honored only if rule 506 adhered to, which it was not based on Maese's own admission. LTNC
Nice rebuttal lol LTNC
No problem at all my friend lol
Not really bud...you might want to take a look at the so called paperwork that was filed for the law suit. It's available to the public and also posted from his own Twitter page to be reviewed. Exhibit B and exhibit C do not meet requirements of rule 506 of the Security's Act of 1933. Sorry. LTNC
Clearly he initiated it without understanding how the process goes and without doing his proper homework. Maese did not fulfill his end of rule 506 to verify that he is an accredited investor...this case won't hold in a court of law. There's a lot of documentation that goes with being assigned a portion of a note and then requesting shares...no fraud was committed on Schadels part, Maese did not meet the requirements of his own promissory note lol section 4.4 of the note is a reference to rule 501 and rule 506 ( as provided in the link you provided) is there as a safe harbor. LTNC
That was a nice cop out from answering my question...you brought up the rules and posted the link right? It's a simple question...according to rule 501, the issuer is to make shares available on request to the accredited investor right? Did Maese on behalf of Prometheus solutions provide the proper verification under the accredited investor verification safe harbor as outlined in rule 506...?
https://www.andrewskurth.com/insights-1122.html
LTNC
Rule 501 would apply but what about the accredited investor verification safe harbor...??? Rule 506 ring a bell? Did Maese meet the requirements when Schadel asked for proof of verification as out lined in rule 506? Which is also in the link you provided... LTNC
LTNC is the seller and TSGL is the buyer, before the 8k even came out, he was clear that the amount the company would get from selling the branches would be around $3 mil...how are you the only one that missed that? LTNC didn't buy anything in this transaction from TSGL. LTNC also received 600,000 shares valued at a share price of 1.80 because that was TSGLs share price at the time of the transaction...your flipping the whole transaction around. LTNC was payed $2.9 million as well as awarded 600,000 shares of TSGL priced at 1.80...nothing was done with share holder money. LTNC
Blow the whistle and lose my credibility lmao I think not. LTNC
Don't hold your breath lol for your sake. All the big dogs holding shares here that haven't made their presence known hold hundreds of millions of shares here for a reason and continue to accumulate subtly so as not to create a premature run. A huge run is coming...I wouldn't count on .0001 in this life time but good luck with that. LTNC
Exactly! GDAR
Considering the Q ended on DEC 31st this shouldn't be a surprise to anyone whose done their DD. Considering the company was quiet for 6 months and news about the acquisitions didn't come out until FEB 2nd, this was to be expected. What the company is doing now is all that matters. Great things to look forward to longs! GDAR
Patience is key here fellow longs and flippers. I hope you got your oxygen masks folks ;) GDAR
How is that possible...? He just now got banned? What did he do that bad to get banned for 2 years...?
OMG! That makes too much sense lol I'm gonna go sell all of my shares now haha! LTNC
It's crazy to me how many people really want the pps to the moon over night lol keep in mind...the lower the pps, the more shares he can buy back to clean up this SS. I don't care if he doesn't put out a pr until next month! We know what we own, we know this is going up. Buy as many cheapies as you can and be patient. LTNC
Fidelity is awesome as well. It's free to open an online account and you can put in as much money as you want to begin with. You'll have to call in to speak to a representative so they can brief you on trading penny stocks before they allow you to. Once your account grows to 10 or 25k, you can upgrade to a margin account. I use fidelity and I'm allowed to buy any penny stock and there's no limit to how many shares I can buy at once.