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What Ryan Schadel should have said, BUUUUUT
couldn't because it would crush his sophomoric attempt at a pump:
lol...WHERE'S THE 10K???????????
So much "good news" that the CEO isn't willing to share...ROTFLMAOOOOOOOOO!!!!
"Revenue" from liquidated branches...LOLOLOLOL!!! No wonder profit margins are "up". Even Ryan Schadel can't make a sold branch lose money...except when debt from that branch including payroll taxes continues to go unpaid, but those misappropriated payments must
WHERE'S THE 10K, SCHADY???
Except it's a PR and not an audited statement. There hasn't been an audited financial picture of this scam for nearly 6 months.
"OTCPink- No Information" coming fast.
Except when 10K is required. "Voodoo accounting" (Schadel's choice of words) is no bueno to any reputable accountant.
Nice...just like the past 5 months!
I meant to say
Schadel wants to flat out lie, but he knows better than to put himself in any deeper trouble than he already is:
LOL...Delinquent 10K, but now we know Q1 numbers.
The stock had a HUGE run from no bid. #1 flipping rule is to not buy into a run and certainly not on the downside of it unless you've got a lot of tools at your disposal to analyse the market action and solid risk tolerance in the LIKELY event the analysis fails to predict a flipping opportunity on a POS stock like this one.
Penny stocks ARE NOT long term plays and any suggestion that a pinky, limited reporting (soon to be non reporting) stock like this is anything to the contrary is pure, unadulterated bunk.
Because poor Schadel didn't have the opportunity to run this business properly for the past 4, going on 5, years?
A CEO that withholds a buyback specifically to get better prices is manipulating the daily volume in both directions.
A classic case of stock manipulation by the CEO.
Christopher Ryan Schadel is a buffoon who is known by many names including Bozo the Clown and Schady. It's hilarious how touchy this subject is, but a turd by any other name is still a turd.
But the days are limited for this stock.
Still no 10k. Is there even proof that there are any branches left? Has LTNC become a shell? Did the CEO cut his losses and shift focus onto TSGL where his COO managed to file financials on time?
LTNC may have had revenue at one point in time, but anymore it looks only like a scam.
Kimmy is going get hit hard for her boyfriend. What a fraud these two "CEOs" are.
I wonder if they are aware that prison isn't mixed gender yet.
3 weeks away from "OTCPink- No Information."
That "higher low" is fixing to get lower...again.
Why critics don't talk with Schadel:
He's a con artist, so what would be the point? He lied to me about the state of taxes in 2014 (back when I was a supporter and shareholder), but even despite that I tried to have civil discussions with him on Twitter about the deep problems. The end result was being blocked when I pointed out that his "arms-length" transaction didn't meet the definition of arms-length when the agreement is with a CURRENT employee who is also the CEO of a company that he not only has a majority ownership in, but also had the sole voting power in at the time of the agreement.
Then, we got the games with postponing the "major" announcement a full week to April 1st (which was, ironically, a joke) and that was followed by a delinquent 10K and numerous lawsuits.
He also does not respond to emails when his ego isn't being stroked.
Obviously, though, there is no block option for financial auditors except to refuse to file a 10K.
Scam.
Remind us what the point of TempBuddy is again. I can't for the life of me remember why Schadel burned LTNC capital on a "small stake" in a company whose sole product was supposedly already owned and developed by Schadel. That delinquent 10k would sure help to clear things up.
Ryan Schadel very likely owns TempBuddy privately and used LTNC capital to purchase a stake for the purposes of a pump PR. Even the link to the developer on the Google Play store takes you to the Skill Corps website. All the records online indicate that TempBuddy has negative assets (not even a trademark for the Skill Corps app) with no operating activity while Skill Corp "no longer" has jobs available through ZipRecruiter. It's all nothing but pinky games with dead ends and the same characters playing multiple companies.
What a load of bunk! "Run out of legitimate criticism"...ROTFLMAO!!!
Delinquent 10K
Delinquent notes
Delinquent payroll taxes
Ongoing dilution
Numerous lawsuits against the company
Branches being liquidated/closed from 32 to 13 LAST KNOWN (delinquent 10K)
Shell games
CEO redirecting corporate funds for personal share purchases
$11 million in losses LAST KNOWN (delinquent 10K)
etc, etc, etc
So, the revelation that the CEO may very well have misrepresented his involvement in the development (and even current use) of a "revolutionary" app from Ireland is just icing on the cake.
Very well stated. This company is a fraud.
Now that I look closer, the wording supports my impression of the app. It has nothing to do with saving time for clients. Its purpose is for "recruiters" (temp agency) to manage their labor force. I don't think it is a viable app- at least not for the U.S. market. Maybe the way things are done in Ireland it's a good tool, but it wouldn't work well in the U.S.
Your digging on it is very revealing. It looks like Kimmy and Schady are trying to piggyback on another company's intellectual property and that company may have no knowledge of it. It I were TempBuddy, I'd be livid to have my product underhandedly associated with the likes of a fraudulent CEO.
If you downloaded the app did you see any way to identify as a client? The app appears to be just a way for the temp agency to track their employees (under the laws of Ireland, of course). I wasn't even asked about skill sets or shifts I wanted to work. So, basically, it's a time and expense management tool with location tracking and availability status. The temp agency still has to match employees to clients and clients still have to call for candidates. So much for all the "revolutionary" time savings for clients who have no direct visibility of what temp employees are reporting through the app.
Of course it's not important, that wouldn't fit the narrative of how "revolutionary" the app is. Whatever. I downloaded the app to see what it's about. Meh. I see the potential use of it for field service, full time employees- folks who are on call 24/7 and have a company provided phone. The app requires that a user have location services on. I highly doubt that folks on temporary labor pay will be keen to having to pay for cell services to be monitored 24/7 and the potential for abuse of lunch time reporting (voluntarily provided by the employee) and just plain leaving a phone on the job site while gallivanting off-site is very high. Then, there's the whole "agree to the laws of Ireland" thing and feees for using the app. lol
lol...at least you found it. I am deeply amused that an app, which is reportedly in beta, and being used in 10 cities has gotten nothing but 5 out 5 stars from four "reviewers".
But hey...there there it is.
The "higher low" has been getting lower and lower.
The buyback is like the 10K: nonexistent.
Bankruptcy first? Most likely. Schadel needs the protection as we've seen note holder after note holder taking his a$$ to court. It doesn't help with the IRS banging on the door for $2 million in payroll taxes, but maybe it'll get Schadel the relief he needs from his burdensome responsibility to shareholders so that he can fund his "keep me out of prison" campaign.
Kimmy learned well from her boyfriend/boss, Schadel.
$75 million in 3 years is literally doubling down on what Schadel promised his shareholders in 3 years. In fact, by 2015 'ol Schadey predicted $100 MILLION!!! Yet, here is LTNC with barely $21 million in revs and now 60% fewer branches than when those revs were generated with $11 million in losses and $5.5 million in delinquent debt.
The scam is strong with this one! lol
http://pptfilesearch.com/single/1350127/labor-smart-inc
All this talk about a stupid app that nobody can find, but it's supposed to be "revolutionary". I can't for the life of me understand why anyone gets excited about this scam except to make a flip, if that's even possible anymore.
No 10K, but the CEO tries to talk up a big game about an app. Pinky scam.
lol...comparing LTNC to Uber. Now THAT's funny!
Perhaps you are not aware of "subsequent events" that get reported with the 10K when it is submitted so late.
As for the dilution, didn't Schadel swear up and down that note holders "couldn't" convert?
Scam.
I only said "option". Bankruptcy is inevitable.
;)
A penny is realistic with the reverse split option.
The facts are all in the delinquent 10K.
Everything else is either speculation based on Ryan Schadel's fraudulent past, or his promo "promises" for the future.
Which is exactly how I'd expect a pinky scam CEO to run his business.
The CEO said on a recent Periscope that SEC investigations are "arbitrary" reasons for the pps to decline. Shows how little this CEO regards regulatory requirements. I guess that's why he is fighting fraud litigation at this very moment.
IRS delinquency, fraud lawsuit, numerous contractual lawsuits, shell games.