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Well that's not factually correct.
Whether a company is a start-up or a well established company is relevant. Especially when it comes to what would be and not be considered a material event to that company.
As far as investor experience I have been involved in the OTC market since 1988. I have previously held series 3,5,6,7,24 and 62 securities licenses. Besides investments, my business acumen comes from start-up and franchise operations.
So I'm pretty sure I know what I'm talking about.
Again, I ask.... How do we factually know that PLKD has received any kind of approval from 7-11?
Let me ask this....
How do we know that Pleasant Kids has received 7-11's stamp of approval from their corporate office?
I ask because to a start-up company with little to no revenues, getting such an approval would be considered a material event.
I have seen no 8K filing that makes mention of this 7-11 corporate approval.
Possibly you can educate me on this matter.
I'm not going to argue an opinion, but because I have had the privileged of speaking to the CEO on several occasions, I can tell everyone with all certainty that this CEO considers his shares in LTNC to be his retirement money. He has no 401K he only has shares of LTNC.
Personally, I wouldn't have it any other way.
Hahaha........
Insider's selling to create working capital???
What kind of due diligence are we looking at????
This company is going to do $25 million in revenues, has $4 million in accounts receivables, approx. $1.5 million in CASH, their margins have increased from 15% to 25% in the last 12 months and they are EBITDA positive by $350,000.
So with all this information that is factual, please provide us with your due diligence that will show us that the "insiders" are selling stock to create working capital.
Go ahead.... The floor is yours!
<<<<WRONG BLULLISH WRONG>>>>
Those are some pretty incredible statements!!!
Maybe you can pull their SEC filings and show us where this company has a $7 million dollar IRS Lien????
Better yet....
Show us where this company has $4.5 million in toxic notes???
Please, please, please explain to us how this company's latest 17 branches have revenues that are way off???
Do we know that last year Labor SMART did 16.1 million in revenues and this year they are going o do $25 million? Please show us because we really want to see the due diligence to back up these statements.
What do you mean the CEO pulled out all of his investments????
Please tell us what you really know about this company.
THE FLOOR IS YOURS!!!
Hahaha....
Sorry but you must be confused.
This is a company that actually has 3 years of audited financials and revenue streams that are going to hit $25 million this year.
We should probably do a little due diligence and educate ourselves before making statements that bear no relevance to this company.
<<<WRONG DD2Gain WRONG>>>
Unfortunately for anyone who is long this stock, the negatives by far outweigh the virtually non-existent positives.
More concerning is that the negatives that I have seen on this board aren't based on opinions, they are based on facts.
Even if they actually had a good product, your management is going to suck each and every investor in this deal completely dry.
You'll see!
So what?
You think that Coca-Cola, Pepsi and Nestle haven't already created focus groups to see the viability of marketing and labeling their already existing product and market share specifically towards parents for their children?
When it comes to children parents look at two things:
1. Price
2. Name recognition (consumer confidence)
Pleasant kids has neither of these.
Parents will buy the smaller bottles of Nestle and Zephyrhills because they are recognizable names and are cheaper in price.
Now they think they can diversify into the juice market against giants like Motts and Nestle (Juicy juice)?
Maybe, just maybe, they might have a one in a million shot if they were 50% cheaper but they are more expensive.
Robert may be uneducated but he is as smart as a fox and knows this.
This leads me to believe that this company is just putting out news in order to create volume. Something that falls more in line with Roberts actual expertise.
Remember, Robert doesn't have money because he has ever been successful at anything other than pumping and dumping stocks for his own personal benefit. He's been doing it at the expense of shareholders for years and years.
Normally when a company announces a stock buy back there is an 8K filed with the SEC.
Anyone really think that Mr. Rico wants to highlight this press release to the SEC???
So why isn't it a material event?
Because Robert in his infinite wisdom stacked the deck by making the stock buy back contingent which means it may or may not happen.
If the company doesn't sell any product through their online store then there are no proceeds for the stock buy back. Even then, it is only 10% of the proceeds and let's face it, with the company not having any sales thus far, how much money do we really think is going to go towards a stock buy back?
His little creation is also a significant difference from what we normally see when a company announces that they will do a stock buy back out of cash flow or from cash on hand.
Pleasant Kids has neither of these.
I also find it interesting that he announced the pay off of all his convertible notes. Which leaves a big question...
How does a start-up company with no sales, no working capital and no assets pay for their day to day operations???
How do they pay for their cost of goods?
How do they pay for their outrageous and very generous salaries?
I don't know what Robert is up to but be careful because he is a magician that will magically make your hard earned investment dollars disappear!
That is why you see all these pictures of him in private jets, helicopters, etc.
Yet, he couldn't give you the name of one public company that he has been associated with that was a success.
You have two chances of that ever happening.....
ZERO & NONE
Robert Rico is like Robin Hood. He steals from the rich and gives to himself.
Well, actually he steals from anyone foolish enough to invest in any company he is involved with.
His track record speaks for itself!
Sorry but I hardly doubt anyone would agree that LTNC's CEO is incapable of running this company once they look at the following example of what the company has done since he started the company:
-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
- Added 315 new customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
Hahaha............
<<<<<<WRONG WRONG CPW13154 WRONG WRONG>>>>>>
I can't so no with absolute certainty since I do not work for the company.
However, everything they do, they do with the intent of eventually uplisting to a larger exchange. It would not be inconceivable to see them do a reverse if it were for the sole purpose of adjusting their price to qualify for an AMEX or NASDAQ listing. They would also probably follow the advice of whatever middle tier investment banking firm was sponsoring them and would take their advice since once an uplisting occurred, that firm would most certainly put out a buy recommendation.
Unlike most OTC companies that live off of the sale of stock or are in the business of being a public company and issuing shares to give themselves a paycheck, this company has real plans and a very bright future.
I know in today's age 99% of reverse splits are done for the wrong reason and have a negative impact on shareholder valuation. However, there are a few times that a reverse split is done for positive reasons.
If LTNC were to ever contemplate doing a reverse most assuredly they would be doing one for the right reasons. Most certainly with only 55 million shares outstanding I don't think we have to be concerned with anything.
<<<<<<WRONG WRONG CPW13154 WRONG WRONG>>>>>>
Yes, because in our infinite wisdom we know in America you are guilty until you prove yourself innocent, right?
Anyone in the investment banking industry knows how perilous SEC rules and guidelines can be. Being in a gray area is commonplace and when you spend decades in the industry, it is not uncommon to come under the scrutiny of the SEC from time to time.
I find it interesting to see how we dug up an investigation on John Fife in 2007 YET there was never any conviction, sanction, penalty or fine. Do we think it might be because at the end of the day he was innocent of any wrong doing or are we just going to toss aside the US Constitution because we have to get our daily negative spin on anything associated with Labor SMART?
I happen to know John Fife and he runs one of the best hedge funds that any OTC company would want to do business with. Unlike other hedge funds who will do business with any company that has a pulse, his group of investors are VERY SELECTIVE with who they do business with.
I'm really not sure if we really should be investing in the market. It seems that our risk tolerance is better suited at a bank and in investing in CD's.
My thoughts....
I have no problem calling a spade, a spade, when it comes to OTC companies. Some I think are gems like Labor SMART and some I think are pure scams like Pleasant Kids. I take a considerable amount of time and do a considerable amount of due diligence before wasting my time on any OTC company. My experience in dealing with the OTC market goes back to 1988. Throughout my career, I have developed an expertise in the market previous holding series 3, 5, 6, 7, 24 and 62 licenses. My background is in business and private investment banking.
My personal due diligence on this company includes physically going to Georgia twice to meet the CEO and his administrative staff as well as go to several branches to speak with those managers.
Without a doubt, this Labor SMART is a real company. They took themselves public through a 15C-211 so there were no skeletons from reverse merging into a shell. Their business model is cloned after Labor Ready which was a penny stock that started trading in the OTC market in 1995 and is now known as True Blue (NYSE TBI) a $1.4 billion dollar leader in their industry.
This company does what it says it is going to do, hits virtually every single projection they put out, and if you understand aggressive growth companies, has done an outstanding job in showing triple digit growth every year that they have been in business. Their upper level management corporate infrastructure has no less than a dozen season executives from Labor Ready who all have proven track records. The previous COO of Labor Ready, Matt Rodgers, sits on the Advisory Board and is a close confidant to the CEO. Mr. Rodgers was responsible for growing Labor Ready from $300 million to close to $1 billion while also expanding that company into international territories.
Has their business been perfect? Absolutely not. Have they made mistakes along the way? Of course. After all, that's how companies learn. They learn from their mistakes, become stronger and take those negatives and turn them into positives.
This company spent its first three years trying to go out and raise capital through conventional means. One would think that with their operations, financials and operating history that it would not be a problem. What they didn't count on was being victimized because they trade as an OTC company. Because they trade on the OTC, the ONLY type of funding they could find in order to supplement their growth was convertible debt. Trust me, they spent tens of thousands of dollars and countless hours in attempting to raise capital the right way. I personally introduced them to several middle tier investment banking firms and the only way the CEO could raise capital was if he was willing to give up control of the company because they would only value the company based on its current market cap and their was no was this CEO was going to sell off 75% of his company for a few million dollars.
To make a long story short, they are now paying the price from raising capital through convertible notes. The stock is trading at its lowest level ever while their operations are producing record numbers. Because of this, it has created an excellent buying opportunity for long term investors. I say long term because it is going to take a few more months to clear out the remaining debt through these convertible notes. But make no mistake, once the notes are satisfied, this stock trades much higher. Additionally, it is a major priority for this company to uplist on to a major exchange. Once this happens, they will actually be treated with respect from mutual funds, institutional groups, broker dealers and investment bankers.
Below I will list some of their current 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
- Gross profit margins improve to 25% vs. 17% a year ago
- Added 315 new customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
<<<<<WRONG DD2Gain>>>>>
Your answer....
I'm not sure about any endless dilution or 100's of million that would need to be traded.
The company has fully disclosed its convertible notes. It is unfortunate that regardless of their successful operation, the only financing afforded to them as an OTC company were convertible notes.
I have posted an article about the plight of the OTC market.
https://www.linkedin.com/pulse/article/20141107160528-27697123-otcbb-what-happened-to-the-individual-investors?trk=object-title
No matter what anyone attempts to convince you, the problem is not with LTNC it is with the OTC market.
In the 80's, 90's and early 2000's we had mutual funds, institutional investors, broker dealers making buy recommendations and accumulating positions in aggressive growth stocks. Due to stringent SEC and FINRA rules combined with liability issues those days are long gone.
This is a great company that has proven it has a successful business model and should be treated as a long term investment. The reason I say this is because it will take a little while for the company to eat through their debt. However, with the numbers they are putting out and their dynamic growth it is only a matter of time before long term shareholders are rewarded for the risk they took in the investment.
Unfortunately, there is no quick fix and they must now pay their dues to the hedge funds that gave them the working capital necessary to build the company that they now have. However, there is light at the end of the tunnel now that they are generating enough revenue stream to not have to borrow this type of money anymore.
Use what I have told you in making your future investment decisions and always be leery of taking or following advice from characters who consistently mislead with blatant misinformation and never provide factual documentation to back up their statements.
<<<WRONG CPW13154>>>
NOW ISN'T THAT A FUNNY STATEMENT??????
The fact that this stock is down has only created a dynamic buying opportunity for potential investors.
The operations of the company are much stronger today than they were this time last year.
Buying the stock at a little above a penny will be a gift to any smart investor looking for a truly undervalued situation.
Can you imagine buying a stock at a little over a penny a share that currently reflects the following?
-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
- Gross profit margins improve to 25% vs. 17% a year ago
- Added 315 new customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
**********DD2Gain WRONG**********
***CPW13154 YOU ARE WROOOONG!***
****WRONG CPW13154****
******CPW13154 YOU ARE WRONG!******
Investors who are smart enough to accumulate LTNC at these levels will most certainly have the last laugh with this situation. They will be laughing all the way to the bank.
cpw13154 YOU ARE WRONG!!!!!!!!!!!!!!!!!!!!
Please give us the reason why ANYONE would use the word propaganda in front of the words "press release" if it weren't to purposely attempt to cast a negative implication that the press release itself was misleading?
After all, if EVERY press release put out by a public company is propaganda (as previously stated) what is the need for use of the word in the first place?
Hahaha.... Please GIVE ME A BREAK!
I'm sorry, but if we actually read LTNC's press releases we would see a detailed explanation of why Labor SMART increased their shares authorized to a billion.
As a matter of fact, I know that I have personally cut and pasted this explanation on previous posts. So why would we PURPOSELY act as if we didn't already know?
Since we must have a very short term memory I will go ahead and repost for EVERYONE to see:
Sorry cpw13154 I don't mean to be a Grinch but we will never see .005 cents on this company and we will never see the shares outstanding EVER get anything close to a billion shares. After all, there is currently only 150 million shares outstanding right now.
However, feel free to jump in right now at this incredibly great price!
****DD2GAIN YOU ARE WRONG****
WE WOULD LIKE TO SEE!!!!
DD2Gain
I am a shareholder (far from an investor) and I do see the good with the bad, but just happen to be able to see far more bad than good at least for now. I am perfectly content with not saying much, but when I see ridiculous claims based on nothing more than copy and paste numbers from propaganda PRs as well as blatant misinformation I am compelled to respond with the facts.
Please, please, please show us these alleged "PROPAGANDA PR'S" that LTNC has put out!
Come on.....
WE WANT TO SEE!!!!!!!
YES!!!! THAT'S WHAT MAKES LTNC AN AMAZING OPPORTUNITY!!!!!
That is EXACTLY why Labor SMART is undervalued under the current market conditions!
Can you imagine buying a stock at a little over a penny a share that currently reflects the following?
-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
- Gross profit margins improve to 25% vs. 17% a year ago
- Added 315 new customers
- EBITDA of $121,577
- Adjusted EBITDA of $344,731
Outstanding shares as of November 4, 2014: 55.5 million.
No, what I am actually saying is that out of 600 fully reporting OTC companies probably only 5% have an actual legitimate business with 95% being "pie in the sky" operations relying solely on "selling the dream". However, those 5% are victimized and treated like everyone else because they trade on the OTC market.
If we bothered to pay attention, I posted a very informative article on the plight of the OTC market and how legitimate financing has completely dried up on this tier!
https://www.linkedin.com/today/post/article/20141107160528-27697123-otcbb-what-happened-to-the-individual-investors
https://www.linkedin.com/today/post/article/20141031200546-27697123-the-decline-of-the-otcbb-for-small-business-finance?trk=mp-reader-card
DD2Gain WRONG!
****CPW13154 YOU ARE DEAD WRONG*****
DD2Gain YOU ARE WRONG