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I think Ryan addressed this point in a tweet recently. Could you take a look at his Twitter a couple of days back, maybe a week.
It doesn't seem like that. Take a look at the building in the last Periscope.
The advisory board was not available back then, it's newly appointed. It's one of the indicators that Ryan has learned from his mistakes and decided to refer to the opinions of experts in different business areas.
It's a valid concern. I'm not worried myself because following this stock for a couple of months gave me enough confidence but it's a concern nonetheless. I hope to see it addressed by Ryan ASAP.
LaborSmart is not one employee. For instance, it has many branches. Each branch must have one or more employees. Watch the last Periscope to see the headquarters building and one of the middle management. There were photos posted too of some of the staff, I think you can find them on the website.
Exactly. Finding such a genuine company with revenue in the millions with operating branches on the ground you can visit with a share price that dipped this low (for the known reasons) and now rebounding and being there at the right time to ride it up are all factors that make for a great opportunity.
I prefer to help them see the opportunity here.
Probably there's nothing you can do there but a good opportunity here. Look around and gather some information, you might like what you'll see and thank Remuda for being the reason of getting here.
Long or short-term play depends on your objectives. I expect that the longer you wait the higher return you'll get. If you have enough shares, you can target both. Like third for short-term, say 0.003, then third up, and third even higher. The point is what PPSs to target and the time expectations.
These guys feel they have been screwed by Ryan and are angry for that, it's understood. Losing your hard-earned money is not something to be taken lightly. The point is that one side's anger led to other side's anger led to nonobjective debate. Who started it is not important now. Everyone needs to stop and ask yourself: Do you wanna make money or win a debate? If you wanna make money then stop, clear your head form anger, forget your ego, think objectively, and don't miss the opportunity.
This is a good start. I'm glad you did that. Now please post your points and let the positive and objective discussions begin. Either investors here know the answers or they can contact Ryan on Twitter to raise your points, or you can contact him yourself if you want to. He is very responsive (which is one of the great things here). I'm sure you'll be happy with where this could lead to.
A message to both sides:
The board has become a place for destructive discussions for the past 24 hours. This is not proper or useful and a complete waste of time and effort. There's money to be made in LTNC. Probably it's the best in pennyland in a long time. We have many reasons to believe that. And the good news is it's still getting started and expected to have a very long way up to go. It's not late to jump in and benefit from the opportunity. New comers from the other stock can think rationally and look for their benefit. Suppose you won the discussion and proved that the LaborSmart's CEO is a crook, then what? what you gonna gain? You have a chance to make a very good profit here. LTNC longs have many reasons to believe Ryan is innocent and honest. But even if he's not, thing's in LTNC as a stock have been going great for a couple of months now with good developments, promises delivered, reduced AS, reduced float, SEC filings, mobile app, ...etc. LaborSmart is turning around and it's a very good chance to benefit from. Accusations and getting at each other won't benefit any one. This effort and time wasted in challenging each other is better directed to positive efforts for the benefit of everyone. I urge the new comers from the other stock and LTNC longs to engage in positive and productive discussion about LTNC so the new comers can evaluate the situation and decide if there's a benefit for them and whether they want to jump in the taking off train of LTNC. What's done is done, don't let your anger make you lose a rare opportunity.
For starters, check post #51747 for an overview of the current situation (minus the Remuda Capital part of course). If you see a good foundation to build on, you can ask question to get quick summaries and directions from LTNC's knowledgeable investors to save your time.
Let's start a new positive week tomorrow.
His word is good enough for me too and obviously many others. My question is for those in doubt. Even if true, I believe the worst case scenario is not that bad as some are trying to make it look like.
That's exactly what I'm saying, it's an interpretation in retrospect of what it could mean. We didn't even see the whole discussion, it could mean something completely different when we see the discussion thread.
WHY hasn't your CEO denied this. Hes being accused of shorting DIDG. With a serious accusation like that you would think he would come out with an explanation. Instead he goes silent....hmmmmm
I have no long or short position in $DIDG. I've never shorted $DIDG & wish all investors well.
— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) March 19, 2016
@FIGZ415 @10baggersallday like I said. I have no position or economic interest at all in $DIDG and wish the best for all investors
— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) March 19, 2016
@otcanalyzed not me. I assure you the SEC will have no issue with any actions I've ever taken.
— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) March 19, 2016
Hes being accused of shorting DIDG.
The supposed Ryan's message does not say anything about stock shorting and it can have many different meanings. Even the receipt didn't understand it that way as shown in his reply. The receipt is the one who added the VFIN comment in a tweet later then some started building up on that. Probably he found VFIN jumped in and price dropped so he assumed that's the meaning of the message he didn't understand at first. Try to read the original message again for what it actually says (or doesn't say) and find if it means shorting the stock.
What is the worst case scenario? Assuming the claims that Ryan shorted DIDG as a revenge are true, and assuming that his message to TheStockDok is authentic, although that would be unethical but would it be illegal? As I see it, it would be just shorting a stock without breaking any laws. The intentions behind it could be evil but the action remains legal. I am trying to get through all that commotion and noise by finding if the worst case scenario is still safe or not. Any ideas?
The screenshot looks suspicious to me. What app did it come from? Why would Ryan engage with that guy in a private group discussion that includes two other guys (total 4)? Until that screenshot is proved authentic, I'll take Ryan's words over it.
Trading is heading more and more in that direction for those who want to sell their shares to buy later, chances are they will buy higher. The ongoing buyback and increasing long interest and holding versus flipping are absorbing the falling sold shares to hold them in stronger hands and dry the flipping pool. Add to that the possibility of silent whales accumulating without buzz so they could buy at the best prices. For example, I expect that the 356 million shares owner shown here (
) is not the only one. I think it's safe to assume that those guys easily buy in the tens of millions. All that keeps pushing the price floor higher leaving it no where to move but up, with fluctuations and dips every now and then of course. Nothing sure of course but this is my analysis of the situation.@FIGZ415 this kind pic.twitter.com/oq2eG4MKk5
— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) March 16, 2016
It's hard to predict with the qualitative developments taking place like burning/retiring the 700+ million shares coming off his own and selling branches! Ryan seems determined on turning around the company and he knows how much dead weight of shares and unprofitable branches he needs to shed to get there. He's also working in parallel in other directions (app, investors, ...etc) which could add a strong lifting power to the PPS. All that is accelerating the uptrend. Putting exact numbers or time is very tricky but shareholders who are on the train are heading to a good place so relax in your seat and watch the chart go by.
Who are "they"?
It was a good opportunity though to reiterate some of the ongoing positive developments. Best wishes to all.
The OS is 7.41 billion not 6. That lot is what makes it possible to buy at these prices with the opportunity to double your money many times over. Then add the CEO limited selling shares, the ongoing buyback, and the incoming retail and institutional investors. Now think again.
SMH. 1/4 of a billion shares were diluted last month by more than one note holder before Schadel made the desperate move of reducing the AS in order to stop conversions.
This is a very strong indicator that Schadel has fallen behind on his payments
"followed for weeks/months"...lol!
What you mentioned about valuation is correct mathematically but practically it's almost guaranteed to cause shareholders to lose everything. After an RS, the new share price usually drops much lower than the new adjusted price, panic selling occurs dropping prices even more, image and confidence in the stock are destroyed, shareholders sell for loss or become bag holders in hopes of getting their money back. It's also a sign that a new wave of share dumping and dilution is about to start. In short, it's a complete disaster. In LaborSmart's case where the CEO has been trying to build confidence after harm was done to the previous wave of shareholders, the negative impact of an RS would be even more disastrous. That's why it's important to clarify and highlight that he seems to have learned from the previous mistakes and his promise of no RS along with the many positive developments he has been taking through the past couple of months. So no, he shouldn't RS at all.
He paid himself a huge bonus then used those proceeds to buy the shares. Nothing self invested in that.
This is a lie. His shares were purchased with "his own money". Whether that money was a company bonus or fell in his lap from the sky or grew on a money tree, at the purchase time, it was "his own" legally-owned money. Starting from that point where he needed to make a decision about what to do with "his own money", he had many many secure options like investing in real estate or a blue chip stock or anything else. However, he decided to put "his own money" in LaborSmart shares. That tells a lot about his commitment to the company and how much he is optimistic about its future. Besides it gives credibility to his assurance that RS is not a plausible scenario, at least in the near future.
"His" shares were purchased with company capital. He could lose every single share and not bat an eye. The CEO has no skin in this. That is, except for the $2 million owed to the IRS.
Ryan is in the same boat as other shareholders but with a much larger stake of 2 billion personally-owned shares. He'd be the one hit the most with an RS and on a personal level. This alone is a good reason to trust his assurance of no RS.
60% accuracy would be too high assumption in a case like LaborSmart now where qualitative and distributive changes happen from time to time in a way that could change trading in a big way. It could take the price to much higher levels in a shorter time or vice versa. However, I think at least we agree that the expected direction is up.
Being a leader is good but not really important. What's important is that the company owns a good market share, does what it's supposed to do well, and increases shareholders' equity.
If I remember correctly, Ryan promised no RS before. However, to eliminate any doubts about how he phrased it this time, he better state it clearly and sharply. I don't think this would be a problem for him.
Good. I was hoping Ryan's silence concludes with something good. I wonder if all that dumping is related to this action.
What's your source about the news?
As must as I believe that LaborSmart is doing great on the ground and hope the best for its investors, I also hate to see people lose their hard-earned money because of unrealistic expectations. The company performance on the ground is clearly unrelated to its share price. Because of such optimistic expectations, many investors (I believe) either exited with loss or holding with devaluation of up to 60% since the last run to 0.0013. The 0.1 and similar expectations have been around since December at least. According to that, the PPS was supposed to be around 0.005 by now, right? Yet it went all the way down to touch 0.0004, not too far from no bid. Every while a new lower support is broken. Yes it could go up from here but also we don't know how far it will fall to make what seems now like a buying opportunity a regret later. Buying shares by retail investors is obviously not the solution unless all the buying, holding, and being "long and strong" claims mentioned for the past two months were false. The solution is finding what's going wrong and fixing it once and for all. That doesn't mean only reducing the AS to prevent illegal conversion and dumping, that would merely slow the fall. It means at least to start buying back aggressively if hasn't already (which is most likely the case) and hopefully large personal buys again by Ryan himself, and showing signs of strong fundamental developments and achievements on the ground. Positive financial indicators would be good great help too. Till then, probably it's better to stop influencing investors to put their money into it and let them catch up with it shows strength.
Yes it was stated on the board but I want to know if Ryan himself said so or it's just expectation. The dumpers do not care what the filings say. If there's a space and they can do it, they will. But still is what's been happening recently a result of conversion against the agreement and dumping? Because there could be another reason that must be known and fixed too.
The 12B shares AS reduction will leave a space for nearly 600 million shares to be converted and dumped. This should be handled in addition to the 12B as the 600m alone can bring the stock to no bid. The problem is that the sentiment has turned from discussing whether it will go to 0.2 or 0.3 to how to protect it from falling further. If no real action is taken to put the stock back on track up soon, things could develop into a big disaster.
Has Ryan lost control on his stock? Good intentions and delivering to promises are good and all but what's the use if the share price keeps falling day after day and tens of millions of shares come out of the blue to be sold and kill the price. Where's the short squeeze that was supposed to take place, why it didn't happen until now?! Despite of the hundreds of millions of shares he bought and locked it's still falling. What pushed the share price from around 0.001 to 0.0005 despite all the steam that Ryan applied could very easily push it down further to no bid where the solution could be very ugly, many investors could simply lose their investments. If Ryan doesn't know what's going on and can handle it, I don't know who is. Protecting the stock and fast should be a part of his job too.
Yes. Hopefully Ryan gets to the bottom of it. I don't like his "I don't know" answer.
The point wasn't scrutinizing Ryan's source of money. You left that point unanswered and jumped to something totally different. Let's finish one aspect before jumping to the next. So again here's the original point to see if you've got an answer to it:
Anyway, the actual number is not the issue. $1.3 million or $800k or even $100k, all are considerable amounts of money to take lightly and squander. The conclusion is the same, at one point, Ryan had "a considerable amount of money" and decided to purchase LTNC shares with it instead of putting it somewhere else.
No, actually your reply is what's wrong. I mentioned in my reply 'Anyway, the actual number is not the issue. $1.3 million or $800k or even $100k, all are considerable amounts of money to take lightly and squander. The conclusion is the same, at one point, Ryan had "a considerable amount of money" and decided to purchase LTNC shares with it instead of putting it somewhere else.', did you read this part? that's enough DD to reach such conclusion. Whatever source he got that money from is irrelevant here, at the end it was his own at the purchase time and he decided to invest it in stocks of LTNC. This action alone speaks volumes.
Ryan Schadel has quite clearly announced that he is on the verge of losing everything.
But the 12B AS reduction will leave about 600 million gap between the new AS and the OS that could still be used for unauthorized conversion attempts, right? It'd be better if he closes that gap too by more AS reduction ASAP.
In the broader meaning of shorting as selling shares they don't own yes. My point is to clarify that it's not the traditional shorting because it seems they were too eager to do it that they broke the process and did not even wait for the actual conversion to happen. I wonder what motivation could be so strong that they do such an action and take that risk!