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Is The Fat Lady Getting Ready To Sing?
Buyers Running Out Of Steam? Is This Going To End Up Back At 1.7 Cents? Looks Like The Rally Might Be Over.
Big Deal. That Is All This POS Can Do? 4.5 Cents?
They are all busy putting their finger on the sell button.
I Don't Think You Misjudged It At All.
12,000 dollars traded in the 3's. LTNC could be back in the 2's by noon tomorrow.
Just Another Head Fake.
In a line of many. The relentless selling never allows any type of decent gain inbetween downward moves. Flippers are just becoming the latest bagholders as the selling will reappear.
NEW BUYERS BEWARE
Search this board for info on the CEO being involved in an armed robbery when he was 18. Then read the history of this stock. AS increases, etc.
UPDATE: 1 BILLION AUTHORIZED SHARES
Sub Penny Probably Today.
The Stage Is Set For Sub Penny
CEO owns 51 preferred shares with total voting control of LTNC. His 15 million common shares are now below 50% but it doesn't matter anymore. He can now increase the AS without any other shareholders consent.
Dilution as far as the eye can see and beyond.
SEC Tips Portal Was Very Easy To Find.
What Is LTNC Market Cap Trading At Now?
1 Weeks Revenue?
We'll Just Let The SEC Sort It Out.
That is their job.
sobe4life wrote:
That Is Insider Information!
The company gave out info that was only to be made public on their next 10Q or in a public press release.
sobe4life wrote:
Is That Insider Information?
How could this be known otherwise?
sobe4life wrote:
FINRA Halted Trading In LTNC?
Who'd have thought that was possible.
Remember Level 2 & Level 3 are poker games. The traders at the market makers don't necessarily show their whole hand. I used to work on Wall Street and saw OTC trading in action. Just because VFIN is at 14 doesn't mean the trader is trying to sell at 14. He could have a million shares to go but waits for opportunities. Market makers will jump in when they are ready. There could be millions of shares waiting to sell and it isn't showing on Level 2. Also when you think you are taking out the offer at .03 it could be filled by a different trading house. So the original .03 on Level 2 was never touched. Your broker could have directed your order to the house they use for fills.
CEO Amazingly Quiet During This Bloodbath. I Wonder Why?
SEC Schedule 13D Filings Coming Soon? If a converter owns 5% or more of the OS upon conversion they will need to file a Schedule 13D with the SEC. Should be interesting to see the Schedule 13D's as dilution gets into full swing.
Really? Dilution Almost Done? Did Cheech & Chong Tell You That? They Are Still Selling.
Anybody Seen The Fat Lady?
I Think She Is Getting Ready To Sing.
I Wonder If The IRS Knows About This Tailspin. The IRS Might Want To Act Fast To Protect Its Interests.
Bankruptcy Around The Corner For LTNC? Stock seems to be telling us so.
Don't Worry. Cheech & Chong Will Be Hitting Your Bid Before You Know It.
Is It Possible LTNC Pulled A Fast One On The Note Holders?
Maybe Schadel converted most notes when the stock was 16 to 18 cents. Converters got stock at 10 cents or so. Then maybe they were all left to sell and we saw what happened. The converters were turned into bagholders? That would have been smart and actually good for LTNC's balance sheet. Only 10 million shares in dilution to wipe out 1 million dollars in notes? I wonder. Will have to wait for the 10Q.
.048 Coming Fast? Classic Head Fake.
Every little blip up has been a head fake all the way down.
Classic tool used to flush out any buyers afraid of missing a rally. But the rally never appears.
Adding What?... New Bagholders?
The Converters Are Screwed.
Not enough bagholders willing to buy their converted stock. Let's look at a typical 100,000 dollar convertible note. Convert at 60% of lowest PPS. Lowest PPS would be 3.8 cents. 60% of 3.8 cents = 2.3 cents. 100,000 dollars divided by 2.3 cents = 4,300,000 new shares for sale. Let's have two 100,000 notes convert and you have 8,600,000 new shares for sale. Less than 400,000 shares took the stock down 10% today. 8,600,000 shares? The converters will have a hard time selling it higher than 1 to 2 cents. They are screwed. And don't forget about the other 2 million or more in convertible notes coming up.
LTNC needs a lot of new bagholders for the converters. But they aren't showing up to buy this incredible bargain. Maybe they think it isn't a bargain at all.
Looks Like The Converters Are In Trouble.
If a couple of notes converted can cause this much damage to PPS how will 2 million dollars or more in notes possibly find a bid. 2,000 dollars in selling can drop the stock 10%. The converters are screwed. Oh and so are the regular shareholders too.
Therein lies the problem...
It IS the very same company it was two weeks ago plus substantially more dilution. It IS the very same company that has shown a propensity to blow out the stock price and harm shareholders with toxic debt conversions.
sobe4life wrote:
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Yet, if the stock is down and the company is still the very same company that it was two weeks ago, that is a buying opportunity!!!
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Paltry Notes???
Conversion of those paltry notes took the stock down from 20 cents to 3.9 cents. Paltry stock price.
Use of the word "pump", hmmm let's see.
WEEEEEEEEEEEEEEEEEE
NOTHING BETWEEN US AND 9 CENTS NOW ON L2!!!!!!!!!!!!!!
BUY NOW!!!!!!! (before it goes lower please)
Pretty silly posts. Straight out of pump school.
sobe4life wrote:
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You are wrong...
I don't know what crystal ball we are looking in to but what I see is a company that has gone from 19 million shares to 33 million shares over the course of 3 years.
Notes will be paid off and once what's left of these paltry notes that were allowed to convert the stock should bounce back quite nicely.
As far as use of the word "pump" I didn't know that any time we state an actual fact that this is considered "pumping".
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That is interesting that you visited the Houston branch. I called them to see if they existed. I have done that with a few branches.
I think you might be right about 4 cents could be the 52 week high at some point next year. The next converter will convert millions of shares at what? 2.5 cents? I wonder if the authorized will need to be increased from 150 million. A converter at 2.5 cents has to be nervous. They won't be able to move millions of shares in the 3's. Without the help of many "To Da Mooooon" pump posts. Even those don't work. They are actually pretty silly.
I AM RIGHT! LTNC IS A BAD JOKE.
We are closer to Sub Penny than 10 cents. Forget 80 cents.
Where I am wrong is in buying stock in a company run by a felon that pleaded guilty to armed robbery.
Will We See Another 2,000,000 Shares Dumped Today?
It's 9:45 AM And Already 718,000 Dumped.
LTNC Is A Bad Joke. Sub Penny Is On Its Way.
LTNC Going To Sub Penny Or 80 Cents?
Looks like sub penny the way this stock is in a conversion "sell at any price" death spiral.
Maybe Zacks Research needs to change their target from 80 cents to .008 cents.
Something appears to be very very wrong with LTNC. The CEO is either inept or worse. I wonder who is behind these convertible note investments. They are the only ones making money off this stock. Someone's friends perhaps?
LTNC paid off its loans from the CEO. He should have plenty of money to buy LTNC stock in the OTCBB.
Overhanging stock = a surplus of stock waiting to sell. When the bid pokes its head up it gets slammed. Conversion stock is basically overhanging stock. Or are the converters long term shareholders? Doubt it.
If CEO is really interested in a higher stock price he should buy LTNC stock and disclose his purchase. Not 100,000 shares but 1 million or more. If it is such a good bargain why not? He should also stop any further conversions to stop overhanging stock pressure.
Interesting Radio Interview With LTNC CEO.
The radio station invited Schadel to put a link to the show on the LaborSMART website.
CEO mentioned OS to be around 30 to 33 million. An increase of 3 to 6 million since the 27.2 last filing.
CEO said the LTNC market cap is less than 3 weeks revenue. 33 million shares times .05 = 1.65 million market cap.
Price Tells All. Something appears very wrong with LTNC.
Things are so wonderful with LTNC but the stock is 6 cents. Pump campaign brings in new buyers, stock goes to 12.5 cents only to free fall to 6 cents. Something is rotten in Denmark.
It Already Bounced. .05 to .054.
That's 8%!
Stock Certificate Printing Press Must Need More Ink By Now.
Where are the press releases of insiders buying new positions? What with the great values at these prices?