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Nice to see the acknowledgment of how they have been reducing their net loss of late. There we were, just a few months back, hearing the repeated forecast of the net loss being over a million. Then, surprise surprise, 10Q comes out with far less than that!!!!
Wow, where to start? I thought we only dealt with cold hard facts. Trying to claim the loss in 13 will be 20 times the loss in 2012. What are you referencing? The 10K for 2012 sure doesn't reflect that. Seems as though we reduce the loss to increase the ratio!!!!
No problem. Just wanted to make sure it's clear and no where near 20 times, lol
No, not quite. The posts are below. Just holding the conversation to the cold hard facts. Your first small loss number was used to try and express how losses increased dramatically yoy. The number of 100K you used to claim "20 times" wasn't accurate. The loss was almost $500k, making your "20 times" claim way off.
You posted;
Wow that's right it was far far more. So there even farther in debt that I first thought
Their loss was far more than 100K in 2012. I don't know where you pulled your number, but it sure wasn't the financial report.
cpw13154 Thursday, 02/20/14 09:34:33 PM
Re: TJAl1c3a post# 15066
Post # of 15071
all I know is they had a loss of 100 grand on 7 million in revs an the next year the have over 2 million in losses on 16 million in revs. so a little over double revs an 20 times the losses.
Their loss was far more than 100K in 2012. I don't know where you pulled your number, but it sure wasn't the financial report.
all I know is they had a loss of 100 grand on 7 million in revs
Hmmmm. That company sure met and exceeded the initial comparison requirement. I guess once a certain ludicrous bar is achieved, we have add additional requirements, lol.
No, it's not ludicrous at all. We've all seen them. That's a fact.
Any notion that a company any company showing a 2 million dollar net loss and or a company showing a 2 million net profit on 20 million or less total revenue isn't going to any difference in the PPS is ludicrous.
So are we saying if the company was showing a net profit of over 2 million for last year as opposed to showing over a 2 million net loss last year that wouldn't be reflected in the PPS. WOW. LOL
I could see that. My post was sarcastic. Smart share dilution is one thing. Blatant dumping of millions if shares is another.
No, I said;
if LTNC increased to billions, more folks would start buying, claiming the shares were for growth
year end losses will be huge
How does Labor Smart compare to other companies on the OTC with billions of shares and no financials released for YEARS?
An we keep talking about this is a company that doesn't have billions of shares. Don't think anybody said it did! Now if we have heard they are going to add those type numbers than that would be nice to know
You seen this;
http://www.ulrikremy.com/apptech.htm
I'd be curious to find out what the average rate per hour that LTNC bills out.
Never seen a stock go so poorly
Yes, companies need cash to expand. I agree. When cash is used to expand, it affects financials, lol.
cpw13154 Wednesday, 04/13/11 08:46:57 AM
Re: MattyMoney post# 34248
Post # of 47920
Wow! Great points. And thats true of any pink or a fortune 500 stock. They all need cash to expand there buisness. They don't make it a public company just to give us another stock to flip.Of course these smaller compan's are going to dilute.Why issue more shares and never put them in play. They need capital to get new projects going. What do people think they add more share for? Now you have to determine if you believe the proceeds are going back into growing the buisness or into there pockets. With this company I think what this CEO sees is a huge chance to make this company really something. We talk like he could care less where the PPS is. The last I knew if the price were to go from .0004 to .0008 he has twice the amount of cash to work with. So I think no matter what you think his motive is why wouldn't he want that? But some of us think he is going to make it happen.Theres always a few company's that you see that there PPS rockets and we all say we wish we would have owned that. Well thats my hope on this one.
Like I said already;
No, I never said "90 days". Please quote my post saying that, if you "think" I did.
Wonder what people will try and spin when they see that huge loss.
people can't look at Decembers numbers and see there lower than previous months
No, I never said "90 days". Please quote my post saying that, if you "think" I did.
You keep talking about December revenue, and how they should have had extra revenue with the holidays. What you apparently fail to realize is this is a blue collar staffing agency. Something logical to consider is Christmas and New Years Eve fell during the week this year. I don't think you can claim that you see a lot of construction / manual labor workers at the job site around/on the holidays. Also, labor workers normally work 5 days a week, sometimes 6. So, on average 6 day week, Labor Smart averages 65K a day. With December, take away several weekdays worth of revenue due to the holidays.
Common sense says, December should have been well under other months, as would November with Thanksgiving, and January with New Years Day.
July - 1.586 mil
August - 2.1 mil
September - 1.649 mil
October - 1.642 mil
November - 1.697 mil
December - 1.332 mil
January - 1,877 mil
come up with there revenues sing Friday as the close of a given week
So, explain this to me. When you say revenue is down, it's just down without any explanation.
When revenue appears higher, there's all kinds of excuses why it's higher?
January had 5 weeks in it November had 4.so that's right we need to put out the true numbers
After repeatedly hearing about how the sky is falling when a month's revenue is lower than any previous month's revenue, without regard to any other variables, we now want to place variables on the 2nd highest month of revenue for LTNC. I hear ya, LMAO.
I imagine, since we've heard so much about how revenue is dropping "massively", lol. When they show revenue for January, and it's the 2nd highest monthly revenue LTNC has ever had, it requires some twisting in an attempt to discredit the PR.
You still don't understand. There's no argument over net losses being up. You've stated repeatedly that increased revs equal increased net losses. Revenue and gross profit have increased over the last three quarters. The point here is, the net losses are reducing. I didn't think it's that hard to understand. Here's a very basic explanation;
1st quarter - the net loss was 2X the gross profit.
2nd quarter - the net loss was close to equaling the gross profit.
3rd quarter - the net loss was only half of the gross profit.
It's really very, very stupid simple to understand.
so as lond as the groos profit goes up the fact that the losses are staggering means nothing
really now just how is it net loss has been shrinking the last three quarters? LOL we have seen three reports and the second quarter had a loss of $750,000 alone
Net loss has been shrinking compared to increased gross profit.
Now as for all this talk about gross profit. Well in some cases in the business world it does make a difference but when larger gross profits only results in even bigger net losses as it does with this company then all it is are numbers
And I remember being told there was just no way it goes this low
thus the value of a company changes hourly as well
if that crap they tried to put out there was true than by adding 9 more places revenue would have to be 60 million not 16 million
if that crap they tried to put out there was true than by adding 9 more places revenue would have to be 60 million not 16 million
So this, with your analytical expertise;
July - 1.586 mil
August - 2.1 mil
September - 1.649 mil
October - 1.642 mil
November - 1.697 mil
December - 1.332 mil
Shows you all this;
Well looks like the recent numbers show how they topped off and now are retreating drastically. Seems to me that can only mean one thing that they aren't getting the repeat business. Seems that people are trying them once and either didn't like the results or are happier elsewhere. We talk about all the new clients they have! Well if that's the case and revenue has dropped sharply what does that say. I mean if you have a much bigger pool to draw revenues from and yet December alone your down 20% doesn't that tell us something is going very wrong?
That's not what I said. You said;
because any investor who is worth his weight doesn't care one bit about gross profit.
Huh? You serious? Any investor worth their weight knows gross profit is a very important indicator. That's like investing 101. I don't think you could locate any reputable investing guidance that's says an investor shouldn't care about gross profit.
I just figured I'd post the actual numbers, since they don't reflect dropping every month at all, like we keep hearing. The way it's been portrayed is they have lost 300K each month for several months. That's not the case though, huh?
July - 1.586 mil
August - 2.1 mil
September - 1.649 mil
October - 1.642 mil
November - 1.697 mil
December - 1.332 mil