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Really?
Market cap of $227,000 on a company that has EBITDA of $350,000 and doing around $25 million in revenues?
Hmmmm....... Now that's what I call undervalued.
I really don't know what the interest would be of non-shareholders antagonizing people but rest assured, the fundamentals of this company will be having the shareholders have the last laugh at the end of the day.
Mr. Rico I only have one question for you.....
We going with the BMW i8 or the Bentley for Christmas this year?
Mr. Rico came on this board and I used the opportunity to ask him these questions..... He chose to ignore me.
Hahaha....
It seems that we go through this every year! I guess we have very selective and short term memory.
Every year their revenues decline in the 4th quarter.
Why? Because the Labor Industry is cyclical and slows down in their 4th quarter.
That is why we NEVER micro-manage this company on a monthly basis.
I guess the next thing we'll hear is that the fact that this company has already done $22.5 million in revenues as opposed to $16.1 for all of last year is the sign of a failing company as well!
Hahaha.....
Nothing has changed as far as the stellar operations of this company.
Oh yes, there is one change.....
The company is a better buy today than it has been at anytime in its past!
Take a look at these incredible numbers from this company in 3 short years:
-2011: $165,000 revenues (audited)
-2012: $7,100,000 revenues (audited)
-2013: $16,100,000 revenues (audited)
- YTD Revenue for the 11 months increased 52% to $22.5 million.
-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1 million cash (PROJECTED) and positive EBITDA
-Growth from 0 to 30 branches in just three years
-Increased gross profit margins from 15% to 25% over the last 12 months
- Same branch revenue up 12.5% year-over-year
- Over 1400 customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Current outstanding shares approximately 60 million.
I'm sorry did our stellar due diligence fail to disclose the difference between branch employees being awarded for a job well done and what Labor SMART's Executive Management Team actually looks like?
In my world, there is a difference between the blue collar workers of a company and that company's Executive Level management team.
I guess if we are not clean shaven with short haircuts and in suits, that must be a sign of failure for an on-demand labor company!
Thanks for the insight!
YES......
It's called, the best way to get your employees to produce is with bonuses, incentives, contest's and awards.
I know they probably don't do much for those of us working at the Dollar Store but real companies with effective management know exactly how to get their employees to produce!
As for where the rest of Labor SMART's money here is where it went:
Here are some highlights that should be easy for anyone to verify:
-2011: $165,000 revenues (audited)
-2012: $7,100,000 revenues (audited)
-2013: $16,100,000 revenues (audited)
- YTD Revenue for the eleven months ended increased 52% to $22.5 million.
-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1 million cash (PROJECTED) and positive EBITDA
-Growth from 0 to 30 branches in just three years
-Increased gross profit margins from 15% to 25% over the last 12 months
- Same branch revenue up 12.5% year-over-year
- Over 1400 customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
And..... For under a penny we can own a company that only has about 60 million shares outstanding!
Find me another OTC company like this one!
College days??? Hahahahaha......
Yeah, that's a good one.
Let me ask......
Ever heard of the term "proper due diligence" in any business classes?
Because it doesn't seem as though an ounce of it has been done on this company.
Unsavory? Use car salesman?
Do we know that this company is in the on-demand labor industry and not some Wall Street boutique firm?
That these "used car salesman are the guys on the front lines making things happen and are responsible for their part of this company producing $25 million in revenues this year?
Have you ever heard of a company called True Blue (NYSE: TBI)?
Funny, their employees look the same and their stock trades at $26 a share!
Once again, if we are talking about the $1.1 million note, that definitely has a floor of .15 cents. However, that doesn't mean there aren't smaller notes out there that do not have a floor.
I would be willing to bet that the CEO will be working very hard over the next 48 hrs. to put an end to the selling we have been seeing as of late.
I see some very good news on the short term.
Fingers crossed!
Do we even know what we are talking about????
Possibly, you can share with us what this company does, what their operating history looks like, when this statement from the CEO was made and what the actual shares outstanding are as of today?
The floor is yours...
The ONLY thing I see that's AMAZING is a quote from the CEO today that was actually a quote in a press release over 6 weeks ago!
<<<<WRONG MONEYMADE WRONG>>>
SCAM?
Please share with us the infinite amount of due diligence that must have gone into this situation to lead anyone into thinking that this company with its audited financials is a scam?
Please share with us something about this company that has not already been disclosed!
Maybe its that triple digit growth, the $25 million they're going to do in revenues, possibly the 30 branches in a dozen states or the fact that they have cash in the bank and positive EBITDA that is the determining factor in this PREPOSTEROUS CLAIM!
Hahahaha......
Hahahahaha......
Comparing Pleasant kids to Apple and Facebook is like comparing Robert Rico to Malcolm Forbes and Bill Gates.
Great Comparison's!
OUCH!!! LET'S MAKE SURE WE ARE PUTTING OUT ACCURATE INFORMATION!!!!
There is currently about 60 million shares outstanding on Labor SMART as of today.
Care to share with everyone the extensive due diligence that was done in order to make a claim that there are a billion shares fresh for dumping?
The floor is yours.....
Compliance depts. do not judge a company based on the decline of their price although that may be what initially set off a red flag.
They look at a company's fundamentals and their share structure.
Labor SMART has extremely strong fundamentals and with only 60 million shares outstanding there shouldn't be any problems with them allowing investors to purchase this stock online.
Profit???
We are still waiting to see a dollar in sales show up on their financial statements.
In 3-5 years Robert Rico will either be in jail or on to his next set of victims with another public deal.
JMHO
And, at the end of the day, those that believe that Robert Rico is a legitimate businessman will get exactly what they deserve.
However, there is a clear distinction between negative sentiment and actual facts!
Well, we may be right about success taking time, but it has been over a year and I still have to question why the CEO would be putting out press releases claiming sales that never actually existed.
Success of a product and its company starts with the corporate infrastructure.
Unfortunately for shareholders of PLKD Robert Rico has never ever been a part of or associated with a successful company before.
No education + no experience + history of failures in the past = future failure in my book.
Possibly we can explain why we posted a picture with a caption that Robert Rico received a key to a city for his philanthropic work?
I mean, we do know that this is a false statement, right?
Robert Rico has never received a real key to any city, much less, the Key to the City of Miami (like he states in his bio filed in PLKD's SEC filings) AND he has NEVER been recognized for any philanthropic work.
I'll let everyone in on a little something......
Philanthropists actually have money and rarely ever get arrested for bouncing checks!
I think with over 30+ years in business and starting out in executive management for a franchised operation, I have a little more than half a brain.
So maybe someone can share how three individual franchised stores is going to lead to national distribution. Especially when the 7-11 corporate office doesn't even know that they exist?
What I find more concerning is the fact that (once again) I see another press release that states one thing and delivers something else.
There is a 90% difference between 3 stores and 30 stores.
Again, I ask, where are the other 27 stores that the press release talked about?
ONE PLUS ONE WILL NEVER = 3
The press release stated the initial rollout was going to be to 30 stores. I only see 3. Where are the remaining 27 stores????
Seriously.... Is three 7-11 stores anything to get excited about?
<<<<<WRONG WRONG CPW13154 WRONG WRONG>>>>>
Man we just don't know how to quit when we're behind.......
I have spoken to the CEO today and he has already contacted the compliance depts. of Scottrade, TD Ameritrade and Etrade in an effort to have the online restriction lifted from the security. They currently have additional documentation on the company and he is confident that once they review the situation the online order restriction will be resolved.
While people can still call in and place a trade, he told me it is not acceptable for these online brokerage firms to place any kind of restriction on the stock when Labor SMART has significant fundamentals for an OTC company and a relatively small share structure.
Ever seen a legitimate company post that they are going to come out with "news on a multi multi million deal on December 24th" before?
I know the SEC has much bigger fish to fry but I can't help but believe they would not be too happy to see the amount of previous false press releases this company has put out, in addition to these social media antics!
I can tell everyone for a fact that the email from 7-11 was factual!
I personally posted the response from their corporate office.
Anyone who is not in denial can call the company and find out for themselves.
There is a clear and distinct difference between being approved by 7-11's corporate office for national distribution (which does not exist for this company) and selling to a local distributor who places the item in a few franchised 7-11 stores.
If we think these micro-bottles are going to fly off the shelf when people can buy a full sized bottle of Aquafina, Dansani, Zephyrhills and Pure Life for the same price, we are crazy!
November 2013 was a 5 billing week month versus November 2014 a 4 week billing month.
The numbers used in the press release reflect a 4 week to 4 week comparable since last year had an extra full week in the month.
I hope this clarifies any questions or confusion.
Sorry, but those of us that can actually read see that this company is having a record year in revenue growth. I don't know where we make up our numbers, but they are in fact, just made up in attempt to somehow turn record revenues into a negative.
It can't be done because in simple math, 1+1=2
What's even more impressive is the fact that even though they are in their slowest cyclical quarter, the numbers continue to grow at a vey steadfast rate.
With over 22.5 million in revenues this year and another month to go, no matter where their numbers end up it will be up CONSIDERABLY from the $16.1 million that they did for all of last year!
PERFECT EXAMPLE OF WHY WE NEED TO DO DUE DILIGENCE.....
Over the last several months I have dedicated a tremendous amount of time in making sure people know the actual facts about Labor SMART.
Yet for all my efforts, I still see the same misinformation being spewed out there while a very select few choose to ignore the facts in lieu of an obvious negative agenda.
I can't urge enough the importance of not believing what you read on message boards! Things like this stock was trading at .80 cents earlier this year, the company repeatedly fails to pay their taxes or they are still adding more toxic debt are not true.
The IRS issue that we are reminded of by having it forced down our throats on this board every single day has long been resolved. The company is fully compliant with all their tax obligations, and while they are making installment payments on the one quarter of taxes they fell behind, it does not effect or hinder the growth of their operations going forward.
If anything positive happened for us shareholders, it's the fact that under their Agreement, the company must be compliant and current with all their IRS tax issues on a going forward basis.
Labor SMART has triple AAA credit and pays all their bills on time. They generate more than enough revenue stream to supplement all of their obligations without further issues. Anyone saying that they repeatedly fail to pay their payroll taxes will not be able to back it up with any type of verifiable proof because it doesn't exist.
This company has grown from 0 to 32 branches. One branch consolidated into another from an acquisition and one branch (Houston) was closed due to poor performance. The Houston market was closed because the company could not compete with the abundance of cheap labor stemming from the large population of illegal immigrants, willing to work below minimum wage, in that geographical location. Because this company does everything above board, hiring illegal immigrants is not, and never will be, an option.
However, overall, opening up 32 branches with only one failure is still a 97% success rate. I don't think anyone who is investing in an aggressive growth company could ask for more. The other 97% are producing record numbers for the company and we should look forward to a continuation of this growth and success in 2015.
As far as convertible debt. It is the plague of the OTC and even a great company like LTNC has had little choice and zero options but to borrow from hedge funds in order to grow their business. And, while we are extremely impressed with what they have done with this money, they are paying a heavy price with where the stock is trading at today.
The company now generates enough revenue stream to where they no longer need to borrow funds like this anymore. However, the notes still need to be paid. The company will continue to allow some notes to convert while the prepay others. Every day the company's exposure to these notes gets smaller and smaller.
Yet, with all these conversions, the company still only sits at about 60 million shares outstanding and the stock trading below a penny!
Adversity creates opportunity and that is where we come in as smart investors. Very rarely will we see an OTC company that actually has an operating history that proves that management can do what they say they can do.
Very rarely do we have an opportunity to invest in a company at the bottom of its trading range when the operations are doing so well.
I invite EVERYONE to do their own due diligence in order to verify the accuracy of what I am stating because as a previous investment advisor, I would be hard pressed to find another opportunity out there in the OTC market like Labor SMART.
Here are some highlights that should be easy for anyone to verify:
-2011: $165,000 revenues (audited)
-2012: $7,100,000 revenues (audited)
-2013: $16,100,000 revenues (audited)
- Revenue for the nine months ended September 26, 2014 increased 52% to $18.1 million as compared to $11.9 million for the nine months ended September 30, 2013.
-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1 million cash (PROJECTED) and positive EBITDA
-Growth from 0 to 30 branches in just three years
As of 11 November 2014:
-Increased gross profit margins from 15% to 25% over the last 12 months
-Revenues up 28% to $6.8 million vs. $5.3 million a year ago
- Same branch revenue up 12.5% year-over-year
- Over 1400 customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
The CEO also came out with two separate press releases for two separate months announcing sales that mysteriously never made it to the financial statements of the company.
The CEO also states in PLKD's SEC filing that he received a Key to the City of Miami for his philanthropic work and business endeavors and that was a COMPLETE lie.
In the same filing, the CEO states that he worked with Pininfarina and that is a lie.
As a matter of fact, the CEO has NEVER been tied to a successful company. Although there are several public companies that he has been tied to, that all went down the toilet.
Are we getting the real picture here?
Are we confused?????
I am not saying the opposite at all.
Honestly, I do not know what the actual float is, nor do I believe that the company wants anyone to know, but with over 700 million shares trading and the stock still at .0001 bid we would have to be fools to think that there isn't between 2.5 to 3 billion shares out there.
Of course, the company could always update their current share structure and let us see what we are working with. Right?
Sorry, but this company does not have the financial capacity to even qualify for a meeting with a big box retailer.
Big box retailers only do business with companies that they are confident can deliver on their product.
It's been a year and one school and a couple of local supermarkets doesn't cut it in my book.
Yes, and that press release is a lie.
First of all, he received the key to the city of Bal Harbor, FL which is about 1 mile by .5 miles in diameter and maybe a few thousand residents NOT the city of North Miami Beach which is 50 times the size. I also see in PLKD's SEC filing where he states he received the key to the City of Miami which is a HUGE whopper!
Second, he received the key as a gesture of thanks for opening a mortgage office in that city. That is a far cry than receiving a key from a city for "philanthropic" work.
To give you an idea of just how special this "key" is it also doubles as a letter opener!
These are all facts!
If he is willing to lie about facts like these, what else is he lying about?
WRONG CPW13154
First, "we" have never picked up the phone and talked to anyone at this company much less the CEO. Second, the information in the sticky is not accurate. Just because we possess the power to put something up as a sticky does not make it accurate, at all.
Did someone actually post a picture of Robert Rico in the PLKD information box saying he received the key to the city for his philanthropic work?
That is a lie.
Now why would the President of this company blatantly lie about something like that?
Hmmmm......
The only reason this company is not showing net income is because of the outrageous interest expenses and derivatives that they are forced to write-off.
I'm pretty confident that they will find a way to circumvent the bleeding that has been going on and causing the depreciation of the stock price.
Again, if the operations were faltering then this depression in stock price would not only be warranted but also expected.
That is not the case here.
Not necessarily true.
This company spent a considerable amount of time trying to go out and find better sources of financing to fuel their growth.
Because they are an OTC company with a limited operating history they were given two choices:
1. Give up a majority owned position to an Angel investor based on a valuation of current market capitalization
2. Raise capital through convertible notes
I think what's important here is to look at what the company did with the infusion of working capital and how it relates to te actual growth of the company and its balance sheet.
Many times we see companies raise capital through convertible debentures just to keep their doors open. And, most certainly, that is a recipe for disaster.
That is not the case with this company.