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someone keeps deleting the stickies....
shorty getting caught imo
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001550967&action=getcompany
I see no form 4 for him.
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001550968&action=getcompany
Or his wife.
Next.
My guess would be 0. Why would the CEO sell at these prices if he believes in the co??? Either way, if no form 4 gets filed with the SEC you will know, like almost everyone else looking at this already does, that you were wrong.
Nice post, however outdated and inaccurate it may be (from 2009). If you are going to post DD make sure it is accurate please. The REAL and CORRECT listing requirements can be found here
https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
Please see page 8 or 9, as one of these would be the requirements that this company would meet first imo. What you also failed to disclose in your DD is that there are multiple tiers of Nasdaq listings.
The lowest entry level requires, per the link above, the following:
$5 mil shareholder equity
$15 mil market value of public shares
2 year operating history
1 mil public shares
300 round lot holders
3 MMs
$4 bid or $3 closing price
There are even 3 "tiers" to this tier and one of which even brings the closing price requirement to $2 if the co has $50 mil in MV.
Looking at a company here that after less than 2 years meets many of these requirements already. The only thing they lack is the first 2 and last requirement, all of which will take care of themselves with the speed at this company is growing imo.
Thank you for your time. I'll be here all week!
Ofcourse, someone could just call their corporate office and ask them how many employees they have...not like the phone number is a secret or anything...
Website: http://www.laborsmart.com
Phone: 770-222-5888
otcmarkets.com shows 14 last May. At a minimum 6 branches = 6 employees + CEO + John Cary III = 8 so anyway you want to put it 6 is not accurate imo.
They show 240k in the red but if you just look through the notes in the SEC filings you linked you see nearly that much or more in non cash charges which are also referenced in this PR released Nov 30
http://www.prnewswire.com/news-releases/labor-smart-inc-surpasses-5-million-in-ytd-revenues-and-sees-26-revenue-increase-for-3rd-quarter-180162911.html
Keep trying
Just because its in the float doesnt mean its for sale..I think a mil in vol would b hard to see unless the stock goes way beyond a buck to get some who have invested (not just trading) to sell. Mine are not for sale at this level.
Then dont buy any shares...
I see no game. If you look at everything they have filed since the initial S-1 to now on sec.gov you can see that they have done everything they said they would do, and more imo. I have done extensive DD on this company and others in the same industry. I challenge anyone to find something not to like with this deal other than the convertible note with Evolution Capital (still cant be converted yet btw and I hope they pay it off before). They have amazing revenue growth and the income statement and balance sheets reflect that. Not worried about profitability yet because this is a growing STARTUP! They have been open for business for just 16 months! Most of the BS companies on OTC would have issued a million in convertibles and the company would still be broke with a billion shares outstanding. Not here. This company should just focus on its growth and getting off the OTC as quickly as possible. It does not belong down here on this tier imo.
LOL what yellow flags are you seeing? You must be color blind!! GREEN BABY GREEN!
Well sure...if they were maxed out on the AS Id be worried because a RS would be coming. They have issued very little shares since becoming public. While that doesnt mean they wont, I look at the track record and it tells me that I shouldnt expect to see 75 million shares issued on this company for a long time, if ever. I dont even care if they do issue shares as long as it is for growth and not BS. If the company is growing and is responsible with its capital stock I will win and so will anyone else buying down here under $1. All imo.
What could happen? The entire whopping 2.4 million float hits the bid at once? Lets get real. There aren't enough shares for this to be a pump n dump. THERE JUST ARENT ENOUGH SHARES FOR THIS TO BE A PUMP N DUMP. Im a long term holder and anyone buying this stock should be too imo. Quick flippers need to head over to the .000 plays and let the big boys handle this one mkay. Sorry for the rant..this company is the real deal and I hate to see it get messed up with so much potential.
their last 10q shows they had a 500k line of credit and over 700k in accounts receivable. A HUGE acquisition might be troublesome but they do have resources to pull from. Honestly, their growth strategy looks to be more organic vs acquisitions imo.
Glad to finally see some awareness on LTNC, though I wish I had more shares before the "secret" got out.
A big time offering of what??? The float isnt big enough for there to be a "big time" offering. The float is so tiny for a company doing the revs that LTNC is. Lets just say that ALL restricted shares not owned by the CEO hit the market...the float is still less than 3.6 million lol. All imo ofcourse.
lol its at limit of .09
Seriously..Im STILL not filled!
MY PMEA ORDER NOT GETTING FILLED!!! NOT COOL!
PMEA to da moon today!
$PMEA definitely in play..Ill bite.
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Could PMEA be a buyout target with the deals they are working on and their solar peers looking for increased revenues through additional distribution opportunities like the deal in Russia?
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If they come out with news this morning I would have to expect a big bump in volume combined with the promo on PMEA. It has eyes on it.. but eyes only do so much if the company doesnt have anything going on.
I agree they could have picked better timing to do awareness on PMEA imo. Tuesday would have much more momo I think. I still think it could run to .10 or higher with just a few 100k shares.
I'll be picking up a few either way to see if PMEA catches fire..dont want to miss a run lol!
$PMEA in the 12/6/3/1 hr buzz cloud and also #1 in searches on boardcentral.com
I got a newsletter on PMEA last night. There was news yesterday after the close..are you expecting more news this morning??
PMEA looking good for a run today.
I got a newsletter on PMEA last night..looks like gogo time!
$PMEA put this on your list for the morning!!!! Going to MOOOOVVVVEE!
I knew it!! PMEA looking good for tomorrow! I had a suspicion something was coming but couldnt get filled on the bid.
PMEA - Is this an OPS play??
http://www.boardcentral.com/top_searches
started picking up buzz late this afternoon
PMEA in the top 3 searches now
http://www.boardcentral.com/top_searches
Their fiscal year ended Dec 31. K's are due 90 days after the end of the fiscal year. Q's are due 45 days after the fiscal quarter. It's different for bigger companies, they have less time to file, but most OTC's I have seen are on this schedule. They can also get extra time by filing an extension..not sure how much time.. I think 5 days for Qs and 10 days for K's??
Something is brewing...look at the boardcentral searches on PMEA.. in the top 10 in just the last couple hours.
http://www.boardcentral.com/top_searches
They are do for a 10k though..which has a different due date than a Q..4/1
Can we get an admin to update the ibox with a current SS on PMEA?
Shares Outstanding 112,000,000 a/o Nov 12, 2012
Float 112,000,000 a/o Nov 12, 2012
Authorized Shares 200,000,000 a/o Nov 12, 2012
not due til 4/1 i believe unless they have said they would have it earlier but the actual due date is 4/1
kinda disappointed on this one honestly