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I wonder what Schadel's next scam will be?? I mean he's done Day Labor Staffing to death, 15 years of failed companies and he's still at it. I beleive the term INSANITY fits the proper meaning here. I hope he goes for something interesting like Cannabis or Porn. It would be fun to watch him try at something new and see what happens.
I concur. Labor Smart will be out of business before 2017.
That's exactly what he's doing. The only recourse is for these co-owners to get together and launch a lawsuit. If not, then move on and learn from this incident. No point in moaning while you pee, so they say. I'm sure Ryan isn't too worried about anything, he's got everyone's money already and is flying around the country getting high.
You can always file a shareholder lawsuit yourself.
It's obvious that Shady is liquidating everything he can, taking what is salvageable and looking to get into another venture entirely. He is just too F-ing stupid and has to post everything he is thinking on Social Media for the world to see... Just another failure in the OTC with naive investors losing money. Carry-On.
He might. Don't know since I am not presiding over the case myself. I do know that he has a lot of evidence that has been presented in the docket and if he wins, both Schadel and Kimmy will be up the creek without a paddle.
Steve Maese has confirmed that he is going after Schadel and Kimmy personally and plans to take them to the cleaners for their scam of LTNC. He is attempting to pierce the Corporate Veil with all the evidence out there. This is going to be interesting to watch, none the less....
Schadel will do time. Trust me it's coming.... Incompentance is not an excuse with the amount evidence out there.
There are only 5 branches left and they are not performing either, which is why he is trying to hire Sales Managers. Those 5 will start liquidating/closing next quarter. This company will be Bankrupt by year's end. Sorry to all the bagholders that believed in this guy and his scam. Hopefully the Feds, SEC, or IRS gets a hold of him.
Yes, you're 100% correct. Nail on the head. People that don't understand what is going on and think it's loading are going to lose big time. Schadel is dumping to most likely a MM or other pre-arranged entity in order to salvage the last drop of blood out of the company. This thing is dead and has been for a while now... Also, FYI- there are 5 underperforming branches left.
Trial by Error CEO. He's definitely On-the-Job-Training. Some research and education is definitely warranted for Schadel, especially before losing Investor money. SMH.
Pay Attention everyone. He is visiting what's left of LTNC locations. Keep count.
Look folks. Schadel is just a Conman. That's it! Not even a good one, because many people saw this coming, including myself. Much warning has been given by many people on this board and people still listened and believed the lies and bought into his scam. I've met the guy before and it was blatantly evident that he was a lying ass snake when I conversated with him. You know, the kind of guy where you have to wash your hands after you shake theirs type of guy.
Sad thing is, is that he may end up getting away with it. If he manages to pay off the IRS, he very well could be off the hook after he files BK. Then off to next P&D. He will probably change his name and move to another state. These people exisit folks.
Yeah the CEO of LTNC is a special kinda stupid.
You think all the illegal activity that RS did during his reign at LTNC is NORMAL?? Hahahahahaha yeah right. He has so much he is going to be caught up in its not even funny.
Here come the lawsuits followed by the IRS and FEDs
Suit yourself guy. I have no reason to lie about something like this. Just thought it was interesting and that I would share what I witnessed this morning at 10:15am
From my own eyes. I drove by and saw them loading up the uhaul. It's over people.
Sorry longs. They are packing up the office today. Bankruptcy in process.
Oh yeah. So if all those good things are happening, why is the stock going down??
Lucy you got some explaining to do! To Da Moon you said. To Da Moon!!
Well, this will be the last attempt at getting what I can out of this company before it folds up. Ok, I gotta pump the stock up and get it primed, so I will put out a ton of PR, videos, tweets, news articles, etc... To get people even more interested, I will also buy some shares with my incoming Receivables to make it more believable. Once I get the PPS up to as high as I can (PPS stagnate for a few weeks), I will unload the rest of the Authorized 20 Billion shares as convertible debt and cash in...Then I'm off... Wait... Did I just accidentally post this online... Oh Shi.......t!
Startup? It's been 5 years. How long does a start take to become an actual business?? 20 years... Please...
Revenues will decline in Q4, especially this year. What's funny is people think this company is on a come back and going back to .01 which will give it a 70MM value. That's laughable especially for a company that has less than 20MM in revenue, owes millions to everyone, and loses a Mil/QTR. Can you say delusional?
You are absolutely correct. And DD2GAIN is right on the mark as well. This company is 90 days from BK. Ryan is scam artist and felon. He thinks he knows what he is doing but hasn't the slightest clue how to run a company or lead an organization. Sad for the folks who are swindled by him, but that's the pinkies. Good luck to all.
He is using company receivables to purchase these shares to push the price up. Everyone says he is buying up all these shares, but why?? It's very easy to understand if you try. There is an end game and it's to manipulate the pps in order to raise more debt then short it down to recover the investment. This company is headed for Bankruptcy within the next 90 days.
The Dumping will start at .0011 along with massive shorting. This is common for a company in this dire of a situation. Unfortunately longs are playing right into their game and will parish. The winners were part of the plan along with Ryan. Im sure the deal was to wipe away lots of debt. SMH...
Spot on DD2Gain!! As for the others that still believe in him and will go down with the ship. The Market is like the wilderness, survival of the fittest - which usually means the smartest in this case..
Oh there's something big coming alright... just wait until Jan. You'll see...
Nah I aint hatin. Just educatin. CEO is about to lose control of his company, which is why he is buying his own company into bankruptcy. And let me ask you. How do you think I would know this data, hmmmm.... I obviously didn't read it somewhere now, did I??
Take it for what it's worth. I just know better. GL bag-holders. Don't lose your shirts...
I agree DD2Gain. This CEO is the biggest idiot running a company in the history of the pinkies. He bought a McClaren with part of the sales from the 5 profitable branches he sold off also, then he turned around and laid off half his Senior staff after they helped him build the company. This guy is so egotistical and self absorbed he thinks he can buy the float up himself. All he is doing is running the company into the earth faster. Well at least the pain of watching this monstrosity will be over for many. As for the brown nosers that keep posting stupid one liners of how this company is going to the moon and trying to fraud investors into buying shares. They should be ashamed of themselves.
Exactly Nacho!
Right on... thanks for the compliment. If people did from the beginning, then they would have not lost 99% of their money. Happy Thanksgiving btw.
That 220k bonus he got was used to buy himself a nice new car. A Mclaren..... And no, I'm not kidding...