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Should CEOs comment on their companies’ stock prices?
Oh, I see. The CEO is manipulating the pps, according to you. That must be why there is a lawsuit for fraud against him.
Shell games with offshore toxic financiers!
$5.5 million in last known delinquent debt!
lololol...a joke with no 10K to show numbers!...LMAO
LTNC sued for fraud, now delinquent 10K...what a gem.
Ignorance or plain gambling are the only reasons people wouldn't care that a CEO is delinquent on his 10K and won't update shareholders on the state of the company. This stock is such a joke that the latter is increasingly less likely.
It shows selling at .0004 and buying at .0005. with a chunk at .0004 and a blip at .0006.
Flippers are getting out and suckers are buying in.
Wah, wah, wah...toxic lenders suck...boo-hoo
That's all those articles say. Guess what: they've been around a long time, so it's no secret what they do to shareholders despite morons for CEOs claiming they didn't know how bad the lenders would impact the pps.
Don't want toxic lending? Don't use it. Simple. Schadel was on track to pull out of toxic debt at the end of 2013, then shit on shareholders by tripling the toxic debt because of a p*cker contest with a bank that said he wasn't big enough to get conventional financing.
Then, $2 million in payroll taxes went delinquent, $3.5 million in toxic obligations went unpaid, and now we see Schadel is defaulting and and has breached every single contract he had on forbearance agreements with the toxic lenders DESPITE all the money he got from branch sales.
Wah!
News? Bankruptcy...IRS liquidation...SEC investigation...More lawsuits???
Schadel is 32 days away from another downgrade to "No Information". His last filing was November 16th:
Perhaps "someone" should send Schadel a tweet and ask. It's not MY company to have to answer for. I can only say what I know and I'm not certain about liberties with linking my source, so I'm going to play it safe.
OTCPink- Limited Information": What it means
Three lawsuits against LaborSMART: Command Center, Tailwind Partners, and Prometheus.
And if you don't believe me just look at the 2015 10K...oh, wait. Nevermind. The 10K is delinquent.
Shareholders should be scared. Delinquent filings mean horrible news in the financials. I'd venture to say that there are now note holders who are reporting debt as delinquent and that there is more legal action against LTNC than is publicly known. There is also the high likelihood that the IRS has run out of patience with Schadel's irresponsibility. Maybe also an SEC investigation for fraud?
Can Schadel possibly screw up anything else?
Funny...where is the 10K to prove your numbers? DELINQUENT!
LTNC WAS the most promising penny stock I had researched at the time...3 YEARS AGO.
A lot has changed and it just goes to show how superficial OTC companies can be.
You're right...LTNC is now officially "Delinquent" with filing.
Gee, whoda' thunk it?
You think this is "rock bottom"? This is the OTC. Companies reverse split numerous times and are allowed to continue trading. Companies often just disappear into the grey markets. I've seen them go down very similar paths as LTNC to the grey market. And then, there are the ones that simply stop trading and quietly delist.
No, sir, this is not rock bottom. Schadel is in a bad way with note holders and the IRS. There are currently 3 lawsuits filed against LTNC with one alleging fraud for all he reasons that had already been pointed out on this board. That is a breath away from an SEC investigation, which will make today's abysmal state actually look desirable and that's if the IRS doesn't take legal action first.
Nacho, buddy, Schadel is the ONLY reason this stock is where it's at. He hasn't done anything to earn trust. He has only manipulated and he has been quite condescending at times with regard to OTC shareholders in general. If he were simply "trimming fat" as opposed to liquidating/closing 60% of the branches don't you think he would have announced an actual plan moving forward that involved details of how letting the branches go will improve the bottom line?
It's been 4 years of bad decisions followed by worse decisions. Schadel hasn't learned anything. To be fair, he is in such a bad position that he is in all-out survival mode and not with saving the business, but saving himself from the wrath of every single entity you and I have the sense to not fool with. In that state, I imagine he doesn't have the time to learn much except how to repackage old tricks.
I was duped by Schadel all the way into the beginning of 2014, but when he lied about the state of income taxes and then revealed that he tripled the toxic debt I learned my lesson and ultimately found out it was just the beginning of a truly bizarre display of reckless egotistical defiance that has no business dealing with securities.
I won't get duped again.
That was probably his plan until he made the bone-headed decision to have a direct hand in the $3 million line of toxic credit with an offshore loan shark that has a fondness for bankruptcy suits involving allegations of fraud. I've played a lot of penny stocks, but I've never seen a CEO blunder pinky games so bad. He is practically laying the LTNC/TSGL welcome mat for the FBI, SEC, and the IRS.
Another EOD paint job. 4's tomorrow.
Was Schadel being sued for FRAUD 2 years ago?
Nope, but he is now and he is fighting two other lawsuits for breach of contract.
$5.5 MILLION in late debt to toxic lenders and the IRS.
A lot can change in 2 years.
What was PPS two years ago? Let's see: .30
The OS was around 100M and the AS was 200M, as I recall.
Now this ridiculous stock is pushing no bid...again...with 7.47 BILLION shares outstanding and millions of dollars in delinquent debt while the CEO plays shell games with offshore toxic lenders.
Good! Link 2 year old comments. I have no issue with that. It makes for an excellent lesson on how to not enter the OTC.
So, now that 2 year old comments from an inexperienced investor are apparently relevant, can we discuss the shitty LTNC financial reports and fraudulent deals that have been released since then or is that still "old news"?
LINK THE COMMENT...oh, yeah. It won't be. lol
lololol...LINK THE COMMENT! Let's see what year that was said. I'll bet it was 2013...maybe early 2014.
I'll also bet that the comment won't be linked. Maybe it doesn't exist?
How many years ago was that? Go ahead and link the comment. I can and have repeatedly admitted that I miscalculated this CEO. He is a fraud.
The 10-K became meaningless after December 31st.
ALL ASSETS AND LIABILITIES SOLD TO OUTGOING CEO.
TSGL now run by the COO of LTNC.
TSGL is just an ATM for really late debt in a competitor's company.
Payments to LTNC IRS delinquency
Payments to LTNC toxic note delinquency
Payments to LTNC for unprofitable branches
SCAAAAAAM!
Let's see, through the only Series A Preferred Stock in TSGL, the CEO of LTNC (Ryan Schadel) was the sole controlling party leading up to the latest toxic loan deal, then the control was transferred to the COO of LTNC (Kimberly Thompson) who happens to also be the CEO of TSGL.
LTNC also has something like a 15% stake in shares of common stock.
And part of the deal between TSGL and LTNC is using the new toxic TSGL loan to make DIRECT payments to delinquent LTNC debt. (This part was particularly dumb)
LTNC and TSGL are inseparable in the loan shark deal with the offshore lender. But I'll bet neither Kimberly Thompson nor Ryan Schadel disclosed that relationship.
The lender most definitely knows about it now and I expect Schadel's troubles are only just beginning while Kimberly Thompson is getting ready to be schooled hard on why business relationships with unethical boyfriends is a bad idea.
Let's see, through the only Series A Preferred Stock in TSGL, the CEO of LTNC (Ryan Schadel) was the sole controlling party leading up to the deal, then the control was transferred to the COO of LTNC (Kimberly Thompson) who happens to also be the CEO of TSGL.
LTNC also has something like a 15% stake in shares of common stock.
And part of the deal between TSGL and LTNC is using the new toxic TSGL loan to make DIRECT payments to delinquent LTNC debt. (This part was particularly dumb)
LTNC and TSGL are inseparable in the loan shark deal with the offshore lender. But I'll bet neither Kimberly Thompson nor Ryan Schadel disclosed that relationship.
The lender most definitely knows about it now and I expect Schadel's troubles are only just beginning while Kimberly Thompson is getting ready to be schooled hard on why business relationships with unethical boyfriends is a bad idea.
I guarantee you that they have been informed in detail.
I couldn't sleep knowing that people are suing me for fraud, the IRS is on my doorstep for "stealing" at least $1 million in payroll taxes, I breached every contract I had with noteholders who were generous enough to allow forbearance agreements on bills I didn't pay, I swindled a loan shark in the Cayman Islands with a shell company, and my cash flow probably won't cover payroll before long. Schadel has a wife and kids...you'd think that would be incentive enough to try to do things honorably, but...we're talking about "huge ego" Schadel here.
"The CEO said on Twitter" blah, blah, blah.
That about sums up the studies done here to support this turd. Why? Because abysmal financial statements and even activity from a month ago are laughably called "old news" because the CEO put out a vague tweet about how great things are after running this company into the ground for 4 years.
ROTFLMAO!
All it's going to take is $5.5 million to get rid of the LATE debt including $2 million to the IRS. lol
Still no 10K...what a turd. Won't matter: lawsuits piling on, IRS issues, late notes, millions of dollars in late debt, revenue collapsing, branches closing/liquidating, and a CEO who think SEC investigations are "arbitrary" reasons for a lousy pps.
I have access to public disclosures just like everyone else who bothers to exercise a teensy weensy bit of effort
"End of story:"...lol!!! Just because the CEO is/was being cooperative in returning the money he collected from clients and then spent on something other than his fiduciary and contractual duty does not mean the IRS has turned a blind eye to his actions. It simply means they are permitting Schadel to square up on what the clients are ultimately held accountable for. But that priviledge comes at a steep cost (interest, fees, and penalties) and we're seeing evidence that it is piling up fast. Too bad Schadel doesn't see it fit to disclose that cost the way TSGL at least had the courtesy to do in their last report.
$1 million in payroll taxes payable to $2 million in one quarter as last reported.
"End of story"...ROTFLMAO!!!
Sure, bouncing between no bid and .0003 before the stock takes its final gasp into the grey market or RS.
$2 million in late payroll taxes...it's simple.