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If we go with the law of averages I would have to completely agree with you. However, this is not the average OTC stock out there. I am hoping that this company will make some strategic decisions and apply monies that would normally go towards the investment of their growth into an accelerated reduction of these notes.
Here is a quick snapshot of what their current financials and operating history look like:
-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, $1.5 million cash (PROJECTED) and positive EBITDA
-Growth from 2 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.
We are right with that statement. However, the fact is that the price of the stock is not down due to anything negative going on with their operations.
The fact that the company only has approximately 50 to 60 million shares outstanding and is trading under a penny with an incredible operating history is what separates companies from being considered overvalued and undervalued.
It was a great company to invest in several weeks ago and an even better investment today at these prices.
Sorry, but I'm a very experienced investor and I do not know this.
If a company is allegedly doing well I would think that over 550 million shares of buying and trading over several days would move the stock up a few ticks.
The fact that it hasn't is alarming. What happens when the momentum stops from the press release?
I think we should take a little more time to look beyond just revenues as to what this company has done. Feel free to look through my posting history as I have referenced many times the progress of this company.
If it were easy making money in the market, everyone would be doing it. Sometimes our greatest successes come at the brink of what looks to be our greatest failures.
I am long term on this situation as long as their fundamentals continue to improve.
Cause for concern?
I don't know, maybe it's just me, but I don't understand how a company with 2.7 billion shares outstanding (as of what the company last reported) would have news that would create over 550 million shares of buying YET the stock is still trading at the exact same price?
Has anyone even questioned why someone (or group) would be sitting on the offer dumping whatever they can into the buying when things are suppose to be looking so good for the company?
As the saying goes.... If it looks like a duck, quacks like a duck and fly's like a duck..... It's a freakin duck!
Can you please tell us how many shares are currently outstanding and why we think based on the current share structure they would be contemplating a reverse split????
FYI - As of November 4, 2014 the outstanding shares stood at 55.5 million. A 1:200 reverse would give them a share structure of 277,500 shares outstanding.
Give me a break!
To say the CEO snow balled anyone is unjust and completely unfair. He has been very transparent through both 10Q, 10K and 8K filings in regards to how he has raised the monies necessary to grow his company.
Unlike the majority of companies out there that are either a pipe dream or in the business of selling stock to be paid a salary, we can see just what this CEO has done with the monies raised.
If we only want to judge a company on the success of its stock then it shouldn't matter what the company does. I recently saw a PR from an alternative energy company that hasn't generated a penny of revenues in 12 years, has a negative balance sheet, horrible debt and convertible notes. The stock is up 300% on the bogus news.
Are we really going to say that this is how we should interpret a successful company just because the stock is up?
I don't invest in company's based on price (unless the stock is already overvalued) I buy them based on operations, corporate infrastructure and potential growth.
That is what separates LTNC from the real garbage trading out there in the OTC. At some point in time, this stock will trade in parity with the companys operations.
Well, as the saying goes...
If the truth hurts.... so be it!
I think it's about time that people be held accountable for their actions as it relates to the information that is disseminated about Labor SMART.
I'm not making the statement that I happen to feel is false and misleading. Perhaps I'm wrong. So I would like to see proof of this statement. What's wrong with that?
If we know this to be a fact, please supply us with the documentation that shows the actual dates he repaid himself and how this was AFTER the company fell behind the one quarter in payroll taxes. I would like to see this statement validated.
Thank you!
A disgrace? Why because the stock is down?
How about what he's done with is company as a start up in three short years?
As an aggressive growth company, Labor SMART looks impressive!
-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, $1.5 million cash (PROJECTED) and positive EBITDA
-Growth from 2 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.
Really?
Since the inception of this company I haven't seen anything that would bring into question the integrity of this company or its CEO.
So I find it odd how we feel the need to go back over 20 years in order to dig up dirt on someone back when they were a teenager.
Yes, well being arrested and being convicted are two separate things. I also don't see what this has to do with how Labor SMART is being run today.
Unless, of course, we are trying to imply that the CEO of this company is doing anything that would be considered illegal?
Is that the point we are trying to make???
Just wondering since I am having a hard time correlating what an individual was accused of doing as a teenager over 20 years ago, has to do with running a business today.
THE ONLY FALLACIES I SEE ARE OPINIONS MADE AS STATEMENTS WITHOUT COMPLETE AND THOROUGH DUE DILIGENCE.....
I'm sorry, but actions of today concerning Labor SMART do not excuse the plethora of actions in the recent past.
What's interesting about that post?
It plays no relevance to this company. As a matter of fact, that company is going down the toilet while LTNC's financials are getting stronger and stronger.
Please tell us the relevance!
Do we even know how many shares are currently outstanding?
The only thing I find frightening is the lack og due diligence that goes on before making unfounded statements regarding this company.
And on that note, possibly you can show us an OTC company out there that isn't raising capital through convertible debentures.
No, I think we need to know a little more about this company, their operations, their balance sheet and the Agreement they have with the IRS,
Possibly you can share your due diligence with us and tell us what you know about this company besides the fact that they have a subordinate lien?
Well, I learned a long time ago that ignorance is not a defense. I'm not pointing fingers at anyone, but I think if the company has hundreds and hundreds of posts to go through it makes it very, very easy for them to make a case.
Personally, I don't know how any times I've seen something misstated about this company, and even after going out of my way to provide facts, I continued to see the same false and misleading statements made. The many times I asked for verifiable facts about what I would consider false and misleading statements, only to be ignored and see the same posts day, after day, after day.
Seeing words like fraud and scam associated with this company when I have personally been to their corporate offices, met with some of their management, been to a few of their branches, makes me feel vindicated to see them finally take a stand.
At the end of the day I'm sure it will cost them more than that. $10,000 may be what they have to spend just to get the subpoenas that will allow them access to the IP addresses.
I know they have been using Sichenzia Ross Friedman Ference LLP up in New York and they are very expensive. But they also have an expertise in working with public companies and in cases like these.
Regardless, as far as I'm concerned, whatever Labor SMART spends will be money well spent.
I think I made it very, very clear, of what the company is doing and who they will be looking to go after.
We, as a whole, should all be held accountable for the way we conduct ourselves in a public forum.
If we don't think we have anything to worry about then I urge everyone to continue with what they feel justified in doing. But changing our conduct today doesn't negate the past and I'm just saying that the company and their counsel obviously feel they finally have enough grounds to go after those that are purposely negatively impacting their company.
This is a public company and things that are said can have a negative impact on how the stock trades. Additionally, if it turns out that those parties were somehow able to benefit by the stock going down, they can add stock manipulation to their list of grievances and damages.
Either way, with everything so easily documented now days, there are going to be some pretty hefty legal expenses in defending a lawsuit of this nature. I for one will be more than happy to take the stand as a first hand witness in a case like this.
FOR WHAT????
Pretty Simple!
When individuals continuously use words like scam and fraud, then posting knowingly false and misleading information about a person or company like Labor SMART, time, after time, after time, that is considered defamation and should be considered tortuous interference with a business.
There is a distinct difference between having an opinion and stating an opinion as fact. Ignorance is not considered a defense in a court of law and these types of actions in a public forum will carry a very heavy consequence once the company obtains the subpoenas to get the IP addresses for whoever they plan on suing.
Fortunately, Labor SMART has the money to hold people accountable for their actions and protect their company from future false accusations and knowingly misleading and false statements. Once the company has established a precedent, I think others will think twice about how they conduct themselves in a public forum.
Personally, I think every shareholder will consider it money well spent to finally see individuals held accountable for what they say in public forums.
I applaud the CEO for FINALLY taking a stand, and can't wait to see who is the lucky individual(s) he picks to go after.
Are we really going to play on words?
Whats the difference between saying multi million $$$
and...
multi million dollar?
It's the use of the words "multi-million" that is concerning!
Are they really?
Possibly an explanation can be given as to why within that same press release it clearly states that the company is under no obligation to purchase any shares under that program?
Additionally, aren't we fooling ourselves into thinking that a paltry 10% of online sales is ever going to amount to any type of significant buy back?
I also found it interesting how they talked about "launching" a social media campaign to promote sales of their products for Black Friday and Cyber Monday but never posted any specials!!!!
Hello! RED FLAG!!!!
EXACTLY!
So how does a public company think they are going to get away with posting a potentially material event before putting out a formal press release?
Do we really think its normal for a company with no sales to say," Coming out with news about a multi-million dollar deal the day before Christmas"?
If we buy stock based on that information, who should be held accountable if there is no news and the stock goes down?????
Hahahaha........
Please explain to us why you would announce a buy back program and then in the same press release state that the company IS NOT obligated to purchase any shares within that program?
Also, please explain just how many shares you think you can retire as a company from 10% of sales from your online store when it is apparent from your financial filings that you have virtually no sales to begin with?
Additionally, possibly you can give us a reasonable explanation as to why you have come out with 2 separate press releases stating sales for two different months that never found their way to your financial statements?
Why would you be making statements about future announcemnts concerning a multi-million dollar deal coming on your Facebook page knowing that the SEC now considers that type of activity illegal?
I think we collectively deserve to have these questions answered.
Sorry, but it is a proven fact that adults will choose products for their children with recognizable names over new products that they've never heard of. The fact that Pleasant Kids water and their "soon to be" 100% all natural "sugar free" apple juice is more expensive than their competitors only sets them up for failure!
There are two chances of that happening.....
1. ZERO!
2. NONE!
Disney already has a contract with Coca-Cola who owns Dansani water.
If they want a private labeled Disney product they will have Coca-Cola do it for them.
Great dream but not very realistic!
Sorry, but that is no longer the case. However, what you are saying was absolutely true and was done on a regular basis back in the 1990's.
The average market maker trades with a trading deck of $100,000 and normally needs to be flat at the end of the day.
They now have to follow the same rules and have to pony up their funds the same way we do which is why they no longer go naked on OTC stocks.
However, they are capable of "front selling" or selling shares ahead of time if they know that someone is in possession of shares and willing to cover the short sale. Front selling naked is very different than going naked short.
The company is very good with releasing monthly sales within the first week of the new month. I would expect any day.
Please!!!!
It's just water with colored caps and cartoon characters that do not resonate to any child!
I think a multi-billion dollar company would rather squash a competitor than buy-out a company with a negative balance sheet, no sales, no working capital, no real proprietary product and a worthless stock.
Sorry, I'm just being a realist!
That is public dissemination of material information before a press release a/k/a "release of insider information" and is illegal. The fact they do not give details is not the issue. The fact that they state it's a multi-million dollar deal concerning a company with no sales makes it a material event.
The SEC just created a special social media division in order to combat and hold companies accountable for illegal activities like this.
Looks like pure desperation!
Possibly we might want to look beyond the OTC market if we don't like how OTC companies must raise capital nowdays.
It's not where your at in the race, it's where you cross the finish line that counts!
There is no naked shorting of OTC stocks. That is a pure fabrication by people who do not understand the semantics of Trade+3 and how that effects companies that look like they are being shorted but actually are not. In order to naked short a stock a person must margin $2.50 for every share shorted. You would have to basically put up millions of dollars in order to short a small position in an OTC company.
Right now there is very little market support for the company. Hopefully LTNC will take some proactive measures to bring more exposure to the company before the price drops any lower.
However, the cheaper the price, the better buying opportunity for people looking to invest in a company that has a balance sheet like this one.
Yes, let's talk about reverse split with their current 55.5 million shares outstanding! Hahahahaha.......
Asking for proof of something takes a lot of nerve when the request is coming from sources that absolutely never provide information when asked.
The $1.5 million is an estimate to what their cash position should look like at this time of the year.
When the numbers are out we will see that I am very close to being accurate with all my numbers.
Yes, but here is the significant difference.
First, we have been seeing hundreds of posts stating that 7-11 has given Pleasant Kids their "stamp of approval" which is now proven to be an absolute lie.
Second, the company stated that they planned on working on selling to all franchisee's which would amount to tens of thousands of 7-11 stores. If that were the case, 7-11's corporate office would know about the company and its product.
At the end of the day, do we really believe that PLKD selling their water in a few 7-11 stores (which is now the case) really going to make a difference in their balance sheet?
It's turned out that the real benefit has been in using 7-11's name in a press release in order to create some excitement in order to DUMP a boatload of stock which is EXACTLY what Robert Rico is known for.
I already did. If we want to ignore and pretend that other products do not exist that doesn't give us the right to continue to lie about the facts!
https://www.facebook.com/nestlepurelife
Nestle Pure Life is a bottled water company owned by Nestle the largest food company in the worlds that last year did over $10 billion in sales. They not only market their product to parents and children but already have worldwide distribution, offer rebate and rewards programs, games for kids, phone apps for kids, giveaways and contests.
Can Pleasant Kids with their negative balance sheet, lack of sales, lack of working capital and worthless stock really compete and take market share away from this company?
Sorry but false and misleading information is a far cry from doing actual due diligence on a company.
Anyone doing actual due diligence on Labor SMART and looking at their financials will be able to decipher actual facts about the health and growth of the company, from the continuous fictitious statements about tis company being in operational trouble.
SOME FACTUAL HIGHLIGHTS:
-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, $1.5 million cash (PROJECTED) and positive EBITDA
-Growth from 2 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.