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Looks like Schadel can't afford any more pumpers, so he's going solo. lolololol!!!
What a FRAUD for a "CEO". Leaves shareholders in the dark by not filing two financial reports in a row, then tries to pump the stock with bullshit about yet another "potential" acquisition that everyone knows he can't afford.
Delinquent 10K and 10Q but tweets about "acquisition"...ROTFLMAO!!!
Schady going to DC to acquire prison cell.
Agreed. Promo after RS and back to no bid.
The only people making money on this scam are part of the promotion. The CEO pays who he can to keep the dream alive, but he is running out of capital from toxic loans and revenue has collapsed. Time to sell the McLaren and see if the bank will settle on that loan if he "tells them to". lol
Ryan Schadel has always thought he is the most bad ass CEO on the whole market, so nothing he does can ever be a failure. That is the #1 reason this company has failed.
I believe it was the first TSGL PR about the deal that detailed something like a 49/51 split in ownership of the "sold" branches, thereby giving TSGL a minority interest in the LTNC branches. I assume that extends to the revenue split, but, as in everything with LTNC now, nothing is really known beyond the abysmal performance of the company.
Where the wasn't enough revenue to pay bills, now there is far less to pay the same delinquent bills AND cover legal expenses for numerous lawsuits.
Labor Smart is going away. Whether through bankruptcy, IRS seizure, or just plain going to grey market this stock is done. How anyone can defend this scumbag CEO after being delinquent on two financial filings is way beyond me. What's even more sad is that the only way shareholders learn anything reliable about the company is by following other companies either involved with the scam or suing Schadel.
But...ra-ra Ryan Schadel all the way BACK to no bid.
Bait and switch. I used to refrain from calling Schadel a fraud, but he is the lowest scum of a CEO there can be.
Labor Smart gets, effectively, half. Do you know what half of not enough to pay bills is?
Bankruptcy.
CEO bought personally owned LTNC shares with company capital that was misappropriated into bonuses for the exclusive purpose of making volume look better than it was. He probably also leveraged the brief increase in valuation for more loans including one for a McLaren. He owns 1/4 of the OS, yet the pps has plummeted 75% since his last pump campaign. Dilution has exhausted the OS and litigation is draining resources and limiting options for any further pinky games.
Nothing here but sparkly rainbow unicorns
A CEO delinquent with 10K and 10Q confirms only that he is a fraud.
Is the 10Q officially delinquent? There hasn't been an NT filing, so it would seem so since it was due already.
No 10K and no 10Q. Does the company even exist anymore?
Unless the 8K last filed keeps the company in "limited information" status LTNC is fixing to go OTCPink- No Information tomorrow.
.0003/.0004 with .0005 pps...LMAO!!!
Financials? What financials? Delinquent 10K and soon 10Q.
.02 with a MASSIVE RS that will get diluted again to no bid. Read the 2015 S1 where Schadel himself admitted that would happen.
And I don't think the OS is "just" 7.42B anymore. I think the OS is maxed out and Schadel is out of options, which is why he refuses to file his financial report. How he expects to get out of litigation and millions in IRS debt is beyond me, but eventually fraud will catch up with him.
In what fantasy land could this POS stock possibly be worth anything even remotely close to $140 million @ .02 pps with the current 7.42B AS??? The 52 week high is .0013 WITH the CEO's pump campaign and now it pushes no bid again. Sparkly rainbow unicorns.
3's back on bid
LMAO...then bankruptcy? IRS seizure? Grey Market?
What did the delinquent and fraudulent CEO have to say on Twitter?
We agree on .02- after a REVERSE SPLIT
Wasn't it supposed to be pennies in January?
4 ticks above no bid. LMAO!!!
I can talk about the shitty pps all day.
C'mon, people. It's .0004 and pushing lower vs. "To da moooon" ever since December. This stock was at no bid and will be no bid again. It's practically there already.
Ra-ra Ryan Schadel. The same man who thoroughly screwed up this company is somehow going to be its savior. The man refuses to release bona-fide financials. How is that supposed to be anything but horrifying to current shareholders?
Tomorrow is the last day to file the 10K in order to avoid another downgrade to OTCPink- No Information. That is, unless the subordinate filings (8k, F4, etc.) keeps him in the Limited Information tier. Pretty sad that it's even a question.
Cutting the CEO is the ONLY chance for this company to have a shot, but oops!...no board of directors. Just Schady and his tweets.
Friday's opening spread was .0003/0004, but let's get cute about how it isn't "no bid"....again. LMAO!
The CEO thinks tweets and PRs are as good as audited financials. What a FRAUD!
Weren't we supposed to be "to da moon" several months ago? I'd say I called it quite accurately with .0003/.0004 now opening the trading day. No bid/bankruptcy/IRS seizure...take your pick.
Opening bid/ask today was .0003/.0004, but feel free to celebrate 4x5. lol
May 16th is 6 month filing deadline before downgrade to OTCPink- No Information.
Does anyone know if 8k's and filings other than financial reports prevents the downgrade?
Pretty sure the SEC does not consider Tweets to be audited financial statements. In fact, Schadel posted a "Safe Harbor" statement about his tweets and any other social media communication.
Where's the 10K???
The CEO PR'd "revenue" from branches sold 9 months earlier.
Where's the 10K???
"...posted in the context it was released". Exactly like saying "...real because it was a Tweet about revenue".
Where's the 10K???
Previous 10k's included subsequent events all the way through the actual filing date. The only reason we don't know where the company stands is because Schadel is withholding the information and that is NEVER EVER EVER good.
I'm pretty sure $106,000 was the last reported fully accreted amount of the Tailwind note...that is, one of the 3 owed. I'll have to look when I get a chance
That's the most optimistic outlook. It was only $1.3 million in cash- the rest of the $3 million is shares in his girlfriend's TSGL. Considering the cost of his defense team against the onslaught of lawsuits this year, I doubt Schadel has much left of that cash. It's just like in 2015 when he got $1.2 million for 5 branches only to have the total debt go up.
And even when note holders are "settling", we see that it's for considerably more than the last "fully accreted" value of the delinquent notes.
And then, there's the $2 million owed to the IRS.
No matter what, Schadel faces a very real possibility of prison time for fraud and tax manipulation.