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Oh wait...his father's salary IS reported:
Since January 2014 we have paid Henry Schadel, the father of Ryan Schadel, $7,000 per month for IT consulting services.
Wow...really? 60% off the 52 week high of a pathetic .0013 and pushing 4 ticks to no bid on a daily basis. Unless Schady is fixing to pump marijuana PRs there is no new high coming. And since no bid has already been around, it won't be anything new either.
Good God, almighty....ASSET LIQUIDATIONS ARE NOT EVER PROFITS!!!
Ryan Schadel is full of shit. If it were "internal", then it had no business being posted on YouTube when he has failed to file a 10K. I am astounded that people are defending this fraud after repeatedly manipulating shareholders.
Selling shares, maybe. There is no excuse for Schady, who is severely delinquent with filing, to have posted a video with a false announcement of "2016" news on "May 5th". But as we have seen, Schadel can't even sell shares now. I fully expect the possibility that all branches will be closed this year either through BK or IRS seizure. Maybe he'll have better luck with a "strategic shift in focus" to bitcoin polishing machines.
9 days until downgrade to OTCPink- No Information
So...instead of filing a 10K, Cryin' Ryan takes time to have a supposed video contest and personally posts a bogus video on YouTube about pending news and leads on shareholders with bogus Twitter hints at an update and even a 10K. While, at the same time, crying about how the "investor community" (aka, his shareholders who aren't buying more shares) don't understand the amazing potential of his promises unless he mentions marijuana.
What a fraud!
May 5th has come and gone with nothing. That bogus YouTube video posted by Schadel is just one more predictable lie by this fraud CEO. But let's hear how "awesome" and "transparent" he is. lol
The 52 week low is .00006, so yeah...6...lol
The spread is 50% of the bid. Pathetic.
This stock is clawing to hold .0006, so getting cute about .0003 is silly when lawsuits, late taxes, closing branches, and fraudulent shell games are all bearing down.
Yeah, the shitty state of the company is NEVER Cryin Ryan's fault. First it was the bank's fault, then toxic lenders, then investors, and now it's all the "fired" branch managers' fault.
Which branch manager was responsible for releasing the 10K?
lol
Yet, still no 10K.
You're right, LTNC looks to be shut down. That FIRE, FIRE, FIRE video that people got excited about was just another pinky stunt, as we predicted. Bankruptcy is all but assured.
Ryan Shadel is such a fraud!
60% off pathetic 52 week high and 1,333% off all time high while dipping lower and lower and lower. Every tick down now represents a huge percent of pps and losses. All it takes is for bag holders to finally give up and take what they can get for this to collapse entirely BACK to no bid.
Or...for Schadel to file bankruptcy.
Ryan=the real, delinquent filing, delinquent notes, delinquent taxes, scam shell games, money stealing deal.
4-6 ticks above no-bid. "Nowhere close".....ROTFLMAO!!!!!!!!!!!!!!!!!
"...we don't know where we stand."
There is a lot to know about a CEO who refuses to release audited financials.
With BK looming, Schadel probably reports his full time staff as temporary workers. Hell, if he has already given notice for closing up shop, then it could be legit.
No 10K means a whole lot of ugly not being disclosed.
How quickly it's forgotten that this stock was at no bid with a lower OS and now is nearly 1/3 of the 52 week high of .0013 (lol) and 4 or 5 ticks above no bid depending on the time of day. I think no bid or RS (if not BK) by fall.
Nothing, but down now. Classic pinky spiral.
.0004 close on the way.
Ah...that explains the existence of any volume.
I was wondering who all the sellers are selling to.
You'd think the bunk S1 back in 2015 and the mountain of dilution with it would have been a bitter lesson on the chances of up listing and this CEO's thorough lack of credibility.
Interesting. What's your take on the NVSOS numbers?
How would the value of preferred shares change so disproportionately from the common shares?
That makes sense. I'll go with that until I see otherwise. Do the preferred shares maintain their value regardless of the pps of common shares?
Source for 1/1600 RS? It's conveniently stickied above^^^. Unfortunately, it's deceptively called an "AS reduction" despite the fact that financials are delinquent and there has been no PR about a mere AS reduction. But, we do know that according to Yahoo Finance the 8B AS is nearly maxed out with a 7.889B OS.
The CEO doesn't release a 10K, but he updates the TA????
ROTFLMAO!!!
That's been covered too many times to be worth going over again. Try cracking open the last financial report and reading it. Besides, with NVSOS apparently showing a pending 1/1600 reverse split I'd say shareholders have a more pressing issue to deal with.
Yahoo finance showing 7.889B OS. Reverse split eminent.
8B AS nearly tapped out!
And if we reference the filings we see that the relationship between TSGL is not a merger, so how can owning LTNC shares mean owning TSGL shares? Regardless, all TSGL has is a very expensive 49% stake in 5 failing Labor SMART branches. So what Schadel should have said was "Owning LTNC shares is owning TSGL shares is owning LTNC shares."
Is NVSOS indicating a pending 1/1600 reverse split???
8,000,000,000 par .00001
5,000,000 par 1.00
Capital Amount $5,080,000
Over two years ago Schadel admitted that the toxic debt was not good and that he needed to eliminate it. The OS was under 200,000 and he had paid down the debt to under $1,000,000 while branches were showing promise. Now, with $5.5 million in delinquent debt, 7.4 billion OS, and a 60% reduction in branches such that there are now two branches less than when the debt was "just" $1,000,000 there is simply no rational reason to think anything has turned around for the better. LTNC is the walking dead, but Schadel thinks he is a good CEO with bad luck which is why this company never had a chance despite how promising it used to look.
GLTY. I don't want shareholders to lose money. Unfortunately, that is at odds with my deep desire for Schadel to be kicked out of securities and answer for his malfeasance. My sincerest desire is that LTNC can be rescued by a real CEO, but that is effectively impossible at this point. Schadel ruined this company with boisterous recklessness.
Ok...that was genuinely funny! And exactly what was going through Schadel's head. We'll see if it works. 5 days till the 10K...I mean the FIRE, FIRE, FIRE video!
You're welcome. I'm happy to call this fraud CEO out anytime he tries another pinky scam maneuver.
Thanks for sharing DD.
The only thing in that post which is verifiable is that Ryan Schadel used company capital to personally purchase over 2 billion shares of this nearly worthless stock while his so-called buyback continues to be objectively non-existent. Think about what that means when the CEO owns over 1/4 of the OS and the pps continues to drop while everyone keeps saying the company is buying back shares.
Everything else is conjecture and opinion based on empty statements made by a CEO who diluted his stock into no bid, then pumped it mercilessly with junk PR's only to let his shareholders down by going delinquent on financial filings, numerous notes, and payroll taxes.
If there is one thing every single critic of this stock has going for them it's that all the criticism is based on nearly 5 years worth of documented failure. All the so-called "positives" are nothing more than pinksheet sparkly rainbow unicorns.
Really? A cryptic Youtube video gets shareholders pumped up?
Remember how "amazing" the April 1st announcement was? At least that one was PR'd properly. This video says absolutely nothing binding the CEO to do anything. Don't be surprised if May 5th comes and goes with nothing more than another drop in pps.
Just goes to show the lack of substance in this company when that gets shareholders excited.
WHERE'S THE 10K, SCHADY??????