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Many wrongs. Not everyone customer has a CRM to start with. And end users have the time for that, actually it's their work. Decision makers do not need to use it but their subordinates can use the data to prepare conclusions for them, or their could be special reports/views for top management. And lastly, it's not only about analytics, it could be a whole suite of features to use what they need from as I mentioned in my post.
It's interesting that hundreds of thousands of workers from all company sizes and levels around the world are using mobile apps and cloud software to run their day-to-day business in a proven manner nobody can argue against but when it came to LaborSmart, suddenly some think that this model is useless.
Regarding the app, build it and they will most probably come like what happened with many others. It's the future and will be the norm. Maybe your single contractor sample isn't willing to use it but the actual market does. Maybe also your single contractor sample changes his mind when he actually tries it (I wonder if you will let ys know if so). Moreover, the functionality you mentioned could be added one way or the other to the app based on users' feedback and requests, remember that this is still an early preview version for limited users. Add to this the endless possibilities. Standard and custom reports, history, instant worker feedback, chatting. Add to that forecasting of resources and finances based on each company's history divided by location or grouped. And it would be sweet if the forecasting incorporates the overall industry trends. Add also notifications and alerts, project management, integration with 3rd-party tools, ...etc etc (a website could be used for the heavy features). Endless possibilities and potential, right? And all that at the fingertips of the contractor. Show me contractors who had that and hated it then let's talk.
By the way, you actually did the effort of calling a contractor? It's interesting to see how much effort and time you and others are willing to put in to discredit the company but that seems to give the opposite result.
You really don't see where's the negativity is coming from? It's coming from the fact that despite all what you mentioned, the share price is going down day after day! The support that everyone thought unbreakable has already been broken and we don't know what next. Many here are cheering for being multiple hundreds percent high because they bought at .0001 but what's ignored is that many others are 30-40% down after buying at .0011-13. I believe that this company has a bright future but let's not delude ourselves by painting a rosy picture about the current state of trading. If the CEO failed to reflect the company state and outlook in its share price and soon, I'm afraid things will get ugly for the current wave of investors who believed in him. I've seen it many times, management makes strong promises then break them saying it was the only way to correct the messed up situation. Hopefully we don't see that happening here.
You missed point again. My reply was not about the correctness of figures but about the bias of the article and the context those figure are used in. Again, it showed half truth an ignored a lot of the recent important developments.
Did you read my reply before you LOL? Did I mention anything about wrong figures? I mentioned "incomplete" info, showing half the picture while leaving the other out which serves to pain a certain dark picture. An action that doesn't seem right for me.
Those who panic and have no benefit of watching the daily trading are better off setting alerts (say for PPS above the .0013 resistance) and stop watching then come back in a month or two. As far as I know, the shares of a sell order can not be borrowed for shorting and thus are temporarily taken off of the shorting pool which might help. So submitting a GTC sales order at a high price of say $1 might be a good idea too.
An article saying "Upon first glance, the PR was excellent indeed – it made LTNC management look like it actually cares for investors." doesn't seem kind to me.
Is there a specific reason you did not mention the source of the article (http://www.hotstocked.com/article/92639/labor-smart-inc-otcmkts-ltnc-is-back-with-a.html) and author's name (Dragni Dragnev)? Is it because the last time a similar article was posted other posters replied providing a lot of information that discredited the author and the whole website and showed that the article had no value especially that it ignored important recent developments, and was from a dubious source?
Flippers will never be gone. Not now or at $1 or even $10. Moreover, they flip both up and down, making profit by trading it long and short, and will keep doing so. A healthy stock though should not concern itself with flippers and should act well despite flipping. Investors need to stop finding excuses and hanging the poor price performance on flippers and start looking for the real reasons for such poor performance despite the good developments that have been taking place here.
If all the new developments haven't moved the share price up till now and it keeps falling to such low levels, what says it won't keep doing so till .0001 then no bid before an RS becomes a necessary evil? What's happening now is a sample of the stock performance. The problem is in the direction it's moving in in relation to more good developments. Investors should actually be concerned about the dropping prices not happy about them because that may be a sign they could completely lose their investments.
Good point. Shorters would be doing the company a big favor by providing buyback shares at a good price because of their shorting, leveraging the buying power of the $2m buyback fund, then paying more later to cover the shorted shares at a higher price. It's like funding the buyback from their own money. Provided it all happen at the right time of course. Gotta love that, right?
Actually there was a pseudo-buyback. The 2.68 billion shares that Ryan personally bought and are no longer readable (that's 30% to 35% of the float), though not officially a buyback, should've had the same effect of buying back shares. Yet what do you see?
Without any new buyback, the reasons I mentioned alone (big change in float due to Ryan's shares) in addition to more shares held by investors (I assume) and the recent good developments, were alone expected to push the price to much higher levels by now. Yet, the share price is hardly holding.
What's going behind the scenes in trading this stock is better be investigated.
The float has supposedly changed. If we consider the shares that should be out of the float during the past two months, part by Ryan's own shares and part by the increase in shares held by strong hands, I believe it's safe to assume that 50% of the float has dried out in the past 2-3 months. If the share price is still suffering after all that then there could be something wrong. There have been stories about companies that went through similar situations where its performance and share price were living in two unrelated worlds. In one of the stories, the CEO didn't know where the shares dumping in the market are coming from but he was certain his company didn't issue any! He eventually found that naked shorting was the reason.
I'm not trying to scare anyone but a red flag should be raised here. Besides managing the company, Ryan should investigate its stock trading too to find if something wrong is going on and rectify the situation if needed because correcting such problems when it's too late usually comes with a severe price to the shareholders. The last thing the shareholders want is Ryan going through a second wave of admitting a mistake (by not investigating the trading of his stock) and then promising to correct it again.
My understanding form Ryan's questions is that he wouldn't be able to give the demonstration to start with as he was not acquainted with the details of the app. The one who seemed to be knowledgeable about it is Lindsay Grueter Gruschow (she's Career Specialist not secretary by the way, look here https://www.linkedin.com/in/lindsaygg and watch her self-introduction in the video here
But those certainly aren't facts at this point any more or less than my statements. Fact is until financials are out, we don't have actual facts, just assumptions and guidance.
You post is a very good chance to mention many of the great things about this company as a reminder to existing investors and to provide information to potential ones.
Gave himself raise and retired $70k worth (his purchase price)
Not proven yet or finished (just talk), plus there was dilution, hence increased OS and reason he burned shares.
Again, no money to do this, key word authorize and the phrase "up to". Common smoke and mirrors in penny land.
Means nothing, this was AS after all, plus he is only board member has voting majority can change back at anytime.
Used bonus for part of this which was funded with 59% loan on the shareholders. Rest was bought as part of pump to prop up stock long enough to secure yet again more loans.
Again hypothetical and nobody knows where it will go, Could be a flop.
It's one thing to be positive, but let's not be too gullible here. Guys a snake oil salesman and has reinforced this for years. Why do you think this pr stunt is any different than the others before. It's not elaborate than all the LOI stunts and paying tens of thousands to penny stock promo companies over the years I'll give you that, but same olé schadel scam in a different iteration.
Actually that's a meaningless question. Who said the company was supposed to buyback any shares the next day of the buyback announcement PR at all? The PR clearly stated that "Share purchases will be made in the open market at times and prices as the Company deems fit". Starting the buyback the next day of the PR is your own assumption.
What bomb? As announced, it will be a "live sneak peak" at the Skill Corps platform!
The CEO actually personally bought over 2.6 "billion" shares.
Just saw it. Hopefully he referred to tomorrow's Periscope but if not, still no problem.
Incorrect information. Nothing announced about news by Ryan tomorrow.
It was announced by Lindsay Gruschow as a Periscope related to a follow up call with the Ireland team. Reference:
This is a good point. The advisory board should act as a safeguard against repeating similar mistakes in the future. I see Ryan as an honest guy and a man of action. He has learned from his previous business mistakes as he mentioned before. Now he wants to avoid repeating them. So far so good, but what's great here is that he realized that he probably doesn't have enough experience and wisdom to make the best decisions so he gathered that power advisory board which has a huge collective experience and insight (and probably resources) in all sides of business to guide him in the right direction.
The questions you asked are still valid and need an answer to complete the picture and provide a stronger foundation for the stock.
I meant as a percentage of LaborSmart's revenue.
Yes but I'm trying to find out if its impact is big or not.
This is a good point, expansion without physical locations. But will the increase in Skill Corps revenue have a big impact on LaborSmart's?
Can anyone provide information about the impact of Skill Corps on LaborSmart revenue? Preferably with exact numbers.
For reference, the question and answer below were quoted from the this tweet: https://twitter.com/SantoBuffalo42/status/688766502787518464
Question by Sa (@SantoBuffalo42)
@CRyanSchadel is @skillcorps owned and ran by @laborsmart ? Will all revenues produced by #skillcorps show on #laborsmart's balance sheet?
@SantoBuffalo42 @skillcorps @laborsmart yes
Can anyone provide information about the role of Ireland in LaborSmart's business that was mentioned by Lindsay Gruschow in the last Periscope as mentioned here
That was the bid volume on Level 2 down from 55 million. I didn't take those big up/down changes seriously as it seemed to me someone is trying to mess up with the traders heads.
Now down to only 1.8 million. Seems like mind games. Let's see how it goes.
Good point.
Actually there are a lot of things going well. For example, retiring 706+ million shares (about 10% of OS) is good. Reducing 12 billion shares of the AS (60%) is another good (he can not do it in one shot for justifiable reasons). Many other good things were mentioned in many posts on this board.
Ryan conducted this Periscope to make specific announcements, that was the purpose. He did not mention he would talk about revenues or branch numbers, ...etc. For many here, the issues your mentioned have been already discussed and answered to or have become irrelevant in the big picture. However, if these are really pressing questions to you, Twitter is available to ask him there. So far the guy has been pretty much responsive and straightforward. You can go ahead and ask him if you want answers.
There was NO mention of big news on Friday.
What's mentioned was by Lindsay Gruschow (at 18:30 of the video below) as a "follow up with another Periscope next Friday because I have a follow up call with the guys in Ireland and we are just about all wrapped up so stay tuned for an announcement on that". Ryan did not even know about that and received it as news for him.
Check the video here for reference:
Many excellent signs and actions here but patience is needed to see the results.
Don't worry, it doesn't get into my head. It's just entertaining watching their false and baseless claims collapse when challenged and how they try everything possible to evade answering questions and divert discussions that expose their false claims. It's worthless to me that I sometimes put those posters on ignore to avoid seeing any of their posts knowing that I lose absolutely nothing out of ignoring them.
My original question was not about the change in share structure but about mdr1983's claim that "CEO pumped the stock and sold on hype". Yes the share structure changed as notes conversion was not totally over but attributing it to the wrong reason as the CEO selling shares is the problem here. In fact he takes credit for admitting the wrong actions in the past and stopping the share conversion at that limit then reversing the process into reducing AS and OS starting by the 706 million shares he removed out of the float recently.
You are "sure" I lost? And how this time? the same way you were sure the CEO selling shares without a proof? Anyway - again, and again - don't change the original topic. You made a baseless claim and failed to provide a proof for it and this is called spreading rumors.
I'm sure you already lost in this play. I know you're trying to be positive so you can make your money back but take a warning as blessing. Want to lose more go for it. Not my money. I sold at .0013 like you do with pinks. You don't long them. Trading for dummies. Pick that book up asap.
Even if it happened, it won't mean you are right. I would be a mere coincidence. Still you'd be someone who claimed something without a proof and spread a rumor. You expect me to take your baseless warning seriously after I asked you several times for a proof of your claim and you kept deviating left and right avoiding the point?
Watch and see. Just warning you.
No actually you did not say that in the post I replied to. Your comment that I originally replied to is quoted below and I asked for a proof which you did not provide.
CEO pumped the stock and sold on hype. Not a great CEO. Anyone who doesn't believe that is in total denial.
Just saying you can't trust a PC stock. I said expect .0008 before the news came out. I was exactly right.
Who said the CEO would take anything off the table? you need to reread my post. I mentioned clearly that "RS is still among the tools available for him just like any other public company". My comment was about the words "determination" + "until" that you mentioned and what they imply. And again, no he is not "determined" to do a reverse split. On the contrary, the steps he's been taking for the past couple of weeks suggest that he is determined NOT to do an RS.
So you don't have a proof. And by the way, there are others whose common sense say exactly the opposite of what you claim, not to mention the CEO's announcements and actions.
Yea common sense if the proof.