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Is it an albatross? That's pretty much all Schadel is for any shareholders left.
"his lawyer's fault"? Is that the BS Schadel is trying to pump on Twitter? It's always someone else's fault with this loser CEO. It's "the market's fault" that the company is so "undervalued". It's "the note holder's fault" that billions of shares have been diluted. It's "the shareholder's fault" that shares are being dumped for anything they can salvage of their investment. I wonder whose fault it is that Schadel is delinquent on two financial reports in a row.
Ryan Schadel found in contempt: thanks for the update!
Well, there is always the gray market.
What's dumb is a CEO diluting a stock to no bid twice and that his actions would ever be defended.
Nice try. The only news is .00015-.0002 pps.
"Pre-heating"...what? Worst analogy ever. Not only is oven temperature supposed to go up instead of down like the LTNC pps, it is a big stretch to imply that this company is worth even as much as an oven.
He said no "plans" to reverse split in 2016.
Just like Schady "planned" to not dilute, to get rid of toxic debt, to have well over $60 million for 2016, to have well over 50 branches for 2016, to have paid his payroll taxes, to have kept up with financial reports, to have branches profitable after 9 months...on and on and on we see how meaningless Schady's "plans" are with nearly 8 billion shares outstanding, $3.5 million in delinquent toxic debt, barely $20 million in revenue before closing nearly half the branches, down to 13 branches, $2 million in payroll taxes owed, delinquent financial reports, over $11 million in losses with no profitable branches, etc, etc, etc.
Financials are DELINQUENT: No 10K or 10Q
MASSIVE reverse split needed for "pennyland".
The CEO has already diluted away the latest round of retired shares just like he diluted away the first round and there is still millions of dollars in delinquent toxic debt to cover.
Ohhhh..."libelous"...whatever am I going to do??? I've been accused (again) of being libelous for pointing out what is plainly obvious in the last financial reports (9 months ago), PR's, and CEO tweets!
Maybe Schady can scrounge up the change for postage to send me a bogus "cease and desist" letter followed by a PR about legal action against all the mean people who think he's a complete fraud for a CEO.
Oh no!!!! I said the CEO is a FRAUD! NOW I'm in trouble!
LMAO!
Because the CEO used company funds to purchase his personal shares. It's not rocket science. If he were truly invested, then the very same question could be asked for why he allowed all of his debt to go delinquent and now is allowing notes to convert on the order of hundreds of millions of shares per week. Nah...why would the CEO bother buying shares with his own money when OTC "investors" are so willing to pay for them through more convertible debt?
Ryan Schadel lives on a very well-known and often under-handed business principle: don't use your own money for what others are willing to pay for you.
And here we are, billions of shares later and millions of dollars in delinquent notes still to be paid.
That is a 3 month old and rather unflattering article. June 18th is just a marketing ploy to purchase "stock reports" from Hot Stocked. So, an article written before the 10K and 10Q went delinquent is supposed to be exciting??? Genuine investors know better than to think this article means anything at all, but as Ryan Schadel said:
You know what else was clearly stated by the CEO?
"No dilution"
Yet, here we are billions of shares later with hundreds of million being diluted weekly.
RS is right around the corner.
Funny how the "bargain prices" get endlessly lower until the only thing left is an Ask of .0001 and dips back down to .00001.
How 'bout them 1's, Blue? Remember waaaay back two months ago when the critics were chastised because "all I see are 4's and 5's?"
No bid is right around the corner. Them's the "cheapies". Worthless cheapies right before an RS.
Wow. Intraday spread of nearly 100% open on absolutely nothing. Schady and Kimmy are trying their best with their shell love child, but TSGL is loaded with toxic debt and technically owns nothing. This one might be dead already and its LTNC cousin has fallen flat on its face with the whole "selling branches to TSGL" scam. I wonder if Kimmy is happy with the mess she let Ryan get her into.
It's funny. Schadel goes on and on about how he doesn't mention note holders in PR's or Tweets, but I went back and forth with him over a very specific note that he announced paying not by name, but by the amount of last reported balance on the note. It was clearly a specific note holder, so he may as well have juts said who he paid since he eventually just referred to the note holder in Tweets. It's all smoke and mirrors with this guy and he just LOVES to talk about vague accomplishments that require no accountability toward verification. It's all the makings of a con-artist.
Exactly. I don't understand why it's so difficult for people to understand that even at these levels- even at .0001- the people buying on the open market are paying a hefty premium for just a fraction of the notes that have been and are setting up to hit the market.
Well, just like with beverages on the OTC, LTNC has fizzled into a dull, flat share selling scam. The CEO here is somewhat unique in that he seems to seriously think he is hot stuff and just a victim of everyone else's mistakes. No matter, the result is the same...no financials and no bid before it all gets switched over with a "strategic shift in focus" to bitcoin polishing machines.
Schadel warned of dilution, but people hear what they want to hear.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123308459
Anymore, I have to give him credit for being able to continue selling shares. Schadel can sell ice to Eskimos living on a glacier. He's still a snake, but you have to admire the acrobatics necessary to slither this low.
If there is one thing Schady has going for him:
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=stockholm%20syndrome
1 billion "retired"...600M diluted in one day. And we can pretty well rest assured that there were at least another 400 million shares diluted before the shares were "retired", so basically, just like in January, the company is in worse shape than ever because the $120,000 in shares sold in a giant block today probably converted closer to $60,000 fair market value and that obviously barely puts a dent in the $2.5-$3.5 million in delinquent toxic financing Schadel still owes.
This is one of those times when the only thing appropriate to say is, "I told you so."
Why is that asked every time there is dilution?
Riiiiiiight. All that balance sheet "strengthening", yet no financial report to be seen for anything past September 2015 and, contrary to silly assertions that branches are doing better, we saw quite plainly in the last available reports that the branches were doing worse than the year prior...a lot worse. And then the doubling of payroll taxes payable to $2 million, the CEO giving himself a $220,000 bonus while $3.5 million in toxic obligations and taxes went delinquent, a $175,000 loan at 59% interest due in daily installments, numerous lawsuits for breach of contract...the bad just goes on and on and on.
The real question people should be asking is why anyone would defend that.
2015 10K delinquent and 2016 10Q delinquent. If there were any hope of shareholder equity, then Schadel is either monumentally incompetent or is manipulating the share price. Neither leads to a happy ending. But the glaring reality is that this stock is on the verge of shutting down or setting up for a huge reverse split...before shutting down.
lol...of course he says to look for it. It sounds a lot better than saying that it doesn't exist.
That's a lot of ifs about gains that Schadel has been pumping for the past 3 years and none of it has come true. Quite the opposite. As you say, that is why the stock is where it is except now Schadel has gone to the bottom of the barrel and refuses to file financial reports. That is the biggest red flag that the company is simply in the toilet and getting flushed.
I'm not attacking anything. The matter speaks for itself.
REALLY??? LTNC magically has "positive equity", but the CEO is too scared to share that information in a financial filing?
WOW!
What doesn't exist? The loan? The bonus? How does a $220,000 bonus "no longer exist"?
Try reading the last filing and watch the subsequent Periscope videos and PR's. Everything CPW said is verifiable and should already be known by anyone thinking about "investing" in this pinky stock with TWO delinquent financial filings.
Schady retires 1 billion shares, then says this:
Not so. Ryan didn't "find" his bonuses. He issued them to himself while letting note holders and the IRS go delinquent. He essentially stole the money. No "personal loss" there.
Down from 32 to 13 branches...LAST KNOWN!
$2 million owed to the IRS...LAST KNOWN!
$2.5 million in late toxic debt...LAST KNOWN!
ROTFLMAO!!! The CEO is practically laying out the dilution plans for everyone, but people are cheering him on as some kind of savior. Only on the OTC.
Schady proves himself right over and over again
NO FILINGS: DELINQUENT AND YIELD ON OTCMARKETS
LTNC CEO NOT PAYING TOXIC NOTES OR PAYROLL TAXES