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They've allowed 3 notes to convert in 2 years.
Whats fallacy is saying the company doesnt pay off convertible notes with cash because they in FACT do. To say anything else is simply a lie.
We've been hearing about "upcoming doom" for a year. There is no upcoming doom. Just continued 100%+ revenue growth, just like the last 14 straight months.
AND the same scenario happened in 2012
November 2012 revenue $784,354
December 2012 revenue $556,000
Its called seasonality. And anyone who doesnt think that LTNC doesnt come back with a revenue increase in January 2014 vs December 2013 they should just invest in beanie babies or something because the stock market is not for them.
All of this is irrelevant. The end of the year is full of holiday weeks (people dont work as much so the company doesnt bill as much). They also derive alot of their revenue from construction. Construction slows in the winter. Add the 2 and you get slowing revenue. People who say the company should not show decreases month to month ever have no clue about this industry ( or any business for that matter). People doing real DD have looked at companies like True Blue for example and see that even in their 10k they disclose slow down periods. In fact, its even in LTNC's 10k - see page 14
"Many of the Company’s customers are in industries affected by inclement weather that can slow ordering activities significantly. As a result, the Company expects to generally experience a significant increase in temporary staffing demand in the spring, summer and early fall months, and lower demand in the late fall and winter months."
AND page 5 from True Blues 10k
"Our business experiences seasonal fluctuations. Our quarterly operating results are affected by the seasonality of our customers’ businesses. Demand for our staffing services is higher during the second and third quarters of the year and peaks in the third quarter. Demand is lower during the first and fourth quarters, in part due to limitations to outside work during the winter months"
Real DD folks. Real DD.
Fact-December is the slowest month for the temporary staffing industry. Period. Can not be argued. That is why its called a FACT.
So I have answered your question with a specific fact. Please answer my questions in the same fashion.
Everyone who follows this industry knows December is the slowest month of the year. Instead of changing the subject please help me understand how 130% revenue growth from one year to the next is bad. What should I be expecting? 150%? 200%? Thanks in advance.
So the fact that their revenue climbs when they open new offices is bad? Im confused. I thought record revenue growth was good?? I thought that if we see they know how to get new business when they open an office that would be good??
pretty sure the company announced today that the due convertible note has been paid in cash. People really should stop making things up..there is no "overhang" from crappy financings.
If we read the information that is publicly available we will see that there is only one month in ALL OF 2013 THAT DID NOT HAVE ATLEAST 100% REVENUE INCREASE! ITS ALL RIGHT THERE..PUBLICLY AVAILABLE FOR EVERYONE TO SEE AND LYING ABOUT IT TRYING TO SAY REVENUES ARE DOWN DOESNT CHANGE THE FACT THAT IT IS ALL RIGHT THERE FOR EVERYONE TO SEE 100% OR MORE REVENUE GROWTH EVERY MONTH.
blah blah blah. No one can argue with the fact that revenue is up 130% for 2013 vs 2012. Buy this stock for growth potential and one's disappointment will be nil. LTNC has delivered the results 2 years in a row beyond expectations. And..its a start up! Just wait til they actually get BIG!
"The Company also confirmed that it elected to prepay the convertible promissory note dated June 4, 2013 for the principle amount of $106,000. No shares were issued as part of the prepayment."
Good read for the naysayers.
Do your own DD.
No interest? How do we explain the 200% increase in average daily volume in the last 2 months?
Do your own math.
Stock is up over 1000% since IPO..yea so horrible lol
SAR will probably register buy tomorrow.
Good luck with that
LOL we've been hearing "its the beginning of the end" for a year yet the company keeps posting record revenues. So funny! Please keep telling us how bad its getting since the opposite keeps happening!
I find comfort in the CEOs ability to project 16-18 million in revenue for 2013 at the beginning of 2013 with only 6 offices open and then see 12 months later that his projection is spot on. The ability to foresee the revenue flow when factoring in so much from expansion. Its not like he can say "we did 7 million in revenue last year so that means this year we should do 16". So much has to go into coming up with those projections. Uncanny really..nice work LTNC.
I just spoke to the CEO..he's aware of the price action and seemed pretty hot about it. I asked about conversions..he wouldnt say anything specific (obviously he cant legally) but said I should look at recent PRs and should be able to come to a conclusion if conversions were possible. Im going to go with the tax selling theory and just keep picking up cheapies.
This isnt convertible shares selling..no one doing a convertible will put 92k on the offer. Tax loss selling probably. Good opportunity to pick up cheapies imo. After January 2 bet we back at .30+
I know 2 things..first..this stock has NEVER traded at .021
"Has it gone from the .80's to .021. WHY YES IT HAS!!!LOL" -cpw13154
just a lie
second..Im VERY green on LTNC and expect to be up 1000% or more over the next 2-3 years.
By low, sell high. Seems simple enough, especially with a company performing as well as LTNC.
I dunno..looks like someone bought a little more than 20k shares today.
This is whats its all about-from todays PR:
"branches opened this year are building a solid customer base, setting them up for equally impressive revenue growth opportunity in 2014."
Imagine what next year revenue growth will look like with 15 mature stores and 15-25 new ones!
Short squeeze? News I missed? Insider buying? Anyone hearing anything?
$LTNC train is moving on good volume. Huge upside long term play imo.
$LTNC starting to catch fire. Huge long term potential with this REAL company with huge revenues.
Woa...whats shaking here? was all quiet then BOOM...3x the daily average so far and all UTs?
No one is arguing that there wasnt a 7k drop in sales from one month to the next. The reason you cant get people talking about this topic is because its negligible and more importantly no one looks at month to month revenue as a guide and therefore no one cares about a .005% drop in revenue from one month to the next, they look at YoY revenue and that is what is defined as a comparable. Month to month revenues are not considered comparables. Those are the facts sir.
What do you call a slew? The company has an OS of just 20 mil shares and the CEO owns over 15 mil...not sure but to me that seems like a "slew" is being defined as a few hundred thousand and Id hardly call that a slew. Id call that a few. Amazing when a decent looking company is an amazing investment when you do your DD.
Never going back to 20s once it crosses .35. Easy to see the opportunity here with LTNC. Just keep picking up the cheapies. This is a real company with real revenues, increasing margins, decreasing losses and a ton of growth potential as they keep expanding!
LTNC
Facts are amazing. first, revenue in October is up over 100%. This can not be stated in anyway that disputes that without being either a lie or a variation of someones truth in a non GAAP calculation.
second, we are about 150% above the yearly lows. Some have been calling for this stock to go to the teens and .06 for months and months and for increased losses, yet it doesnt happen...and thats a fact.
revenues for October were up over 130%. Just read the news and its right there....jeez.
Are we calling $2300 huge?? LOL. This is like calling a $7k month to month drop huge lol.
Volume is up over 100% in the last 30 days vs the prior 30 days. Id say interest is increasing.
Article about TrueBlue and Manpower mentions LTNC
http://www.benzinga.com/trading-ideas/long-ideas/13/11/4104905/demand-labor-segment-continues-to-lead-staffing-industry
What are we calling a nosedive lol?
86% same store sales growth. Period.
And yet they have a gain of 86% from same store....148% company wide...just dont understand how hard it is to grasp the concept. Stocks dont go straight up and neither do company revenues. If that werent the case companies would always be expected to have a new revenue high every month. No one is expecting that from LTNC. What we are expecting is 100%+ revenue growth every month YoY MINIMUM. The company is delivering more than what we are expecting. This is what a real investor is looking for. Anything expectations beyond that are just silly. As the company continues to improve revenue the bottom line will continue to improve with it and this is why we should start building expectations for profits in Q3-Q4 next year IMO.