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Some LTNC points not being mentioned...
S1 filed Feb 6, 2015
Lack of any news is probably due to the SEC imposed quiet period after filing a registration statement.
8-K's have still been filed with material info.
There have been no reports of default that I can find. No info that I can find on the Transfac line of credit having any problems. Wouldn't that be material if it happened?
The NT 10-K was filed. You might think they intend to file the 10-K soon. Otherwise why bother with the NT 10-K?
The LTNC facebook page has posts from yesterday for help to staff the KC Royals and Colorado Rockies games. So LTNC is still producing.
Quite a curious thing this LTNC.
I Haven't Looked At This Board In A While.
My goodness... that's a lot of zeroes behind the decimal point.
Too many trips to the dilution well.
DD Sooner Or Later They Will Need To Pump It Up So The Latest Converters Can Dump. Tricky timing though.
Didn't Scottrade put this on their No Buy list? Can you even buy it through them if you wanted to?
Hayden IR - Stephen Hart Info...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106242440
10Q Possibly At The Close. Or...
More likely for these guys an NT 10Q on Wednesday with the late 10Q on Monday Nov 17.
More time for the converters to sell before we find out the true dilution.
10 Bagger? 10 Bags Of Cow Dung.
LTNC Will Probably Go To Sub Penny This Week.
Watch for a torrent of selling from the converters this week before the 10Q comes out.
They have to sell their stock before we all know about the latest OS.
Once it comes out we will all see the substantial dilution that has happened to the date of the 10Q release.
Of course, we could have a late 10Q which would give the converters more time to sell.
Any guesses on the latest dilution count? 50 to 100 million maybe?
I Think There Are Only A Few Possible Outcomes With This Situation.
I also think it is possible all of this is being orchestrated by the 1.1 million note guys. Read the 8K and you will see they are very careful with their investment. LTNC can't default on anything or the notes come due. These guys won't let LTNC get pushed into bankruptcy.
The trading activity looks like all the other notes are being allowed to convert. Asher converted? He was always paid off first in prior notes.
Buy back later? Possible. Or not. When and if the 1.1 million start converting the share count will be out of this world. The 1.1 million note guys would effectively be buying the firm. The balance sheet would be clean and the business would be profitable. They would own a super majority. Do a reverse split and they did very well. Schadel would be out or hired as a manager. After all what is his stock worth today? 15 million shares times 1.5 cents = 225,000 dollars.
I don't think those in the know care where the PPS goes.
DD2Gain wrote:
LTNC - What A Joke!!!
1.35 Cents Bid?
Oh But Don't Confuse The PPS With The Business Operations.
Don't Worry That The Stock Went From 80 Cents To 1 Cent. Business Has Never Been Better!
What A Joke!
Drizzt, It Might Bottom Out When...
It Is Trading In The Pink Sheets With No Bid And An Ask Of .0001
Drizzt Dourden wrote:
Word Of Advice?
Thanks. But I did that already. I've looked at all the public players in this space. Made money on TBI this last year as well.
That doesn't explain how LTNC will all of a sudden be flush with cash at EOY.
Last EOY 2013 they had a whopping 179,000. 4 million this EOY? What a joke.
sobe4life wrote:
sobe, Aren't You Talking About The Pumpers And Not LTNC?
4 million in cash by the end of this year?
Let's see...
They had 275,000 on Jun 27, 2014.
4 million? Is LTNC planning to not pay any more bills or perhaps not pay their payroll taxes?
But your DD says 4 million in cash. How did you come up with that? Insider info again?
IF...ELSE... Logic Is Very Basic, sobe.
Not sure what your Zombies have to do with it.
4 million in cash by year end? You have a better chance of being eaten alive by your Zombies.
Speaking of Zombies... Have you seen the stocks Redwood Management LLC is involved with?
sobe4life wrote:
Is That Really A 1.2 Cent Bid??????????
Yes sobe4life, You Are WRONG!
If full payments are made then there is no conversion. DUH!
But LTNC Doesn't seem to make any payments on notes lately. Have you noted the dilution perhaps?
If full payment is not made then:
(Now pay attention to the "subject to adjustment" wording)
From the 8K:
sobe4life, You Are WRONG!
There is no floor of 15 cents.
From The 8K:
Info On The 1.1 Million Note Holders...
Redwood Management, LLC.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79226445
These guys apparently have done a number of toxic notes with companies that are now no bid or bid .0005
Excellent.
Well DD, I'm Thinking There Might Be More Going On Than Meets The Eye.
One diluter blows the price to hell? Hmmm...
There is so much stock sloshing around these last few weeks. One diluter? Doubt it.
I have been rereading the SEC filing for the 1.1 million dollar note. You know how LTNC is good with wording. It might be possible that the dilution stock is coming from the 1.1 million note being repaid with 40% discounted stock. I wonder if this might have been going on from the start. These guys could be the heavy diluters. The stock was about 19 cents when they showed up. The transfer agent is instructed to issue them stock without any restrictive legend placed on the shares. Is it possible that the 1.1 million guys are in effect doing a secondary offering for LTNC in their own special way?
We will know in 10 days or so with the 10Q.
From the SEC filing:
"The Company may make payments on the Debentures in cash (in which event the Company will pay a 30% premium) or, subject to certain conditions, in shares of common stock valued at 60% of the lowest volume weighted average price of the common stock for the 20 prior trading days."
DD2Gain wrote:
intheknow1, I Will Say You Are Very Creative.
Is LTNC the Holy Grail or just another shrubbery?
LTNC Up To 7 Cents? Lightning Striking Thrice?
Maybe if Big & Smelly pump it. But it looks lower to me.
Investors Don't Trust LTNC Anymore.
If the OS is still 43 million the market cap would be 860,000 dollars. Pretty cheap. Epecially if no more dilution was on its way.
But investors don't trust LTNC. The OS could be substantially higher right now and we are about to find out.
So the market cap could actually be substantially higher right now. The stock could be pretty expensive right now and investors have no way of knowing it just yet.
So lack of trust is keeping this thing languishing lower.
Plus the trading activity looks like a diluter keeps smacking the bid.
How can investors possibly trust LTNC?
Please Don't Give Schadel Any Ideas!
The dilution is bad enough as it is.
DD2Gain wrote:
When Does LTNC Start Buying Back Stock?
Wouldn't the current price activity be called languishing?
Hello Board Of Directors:
Languish: To lose or lack vitality, grow weak or feeble.
LTNC wrote:
Dilute, Diloot, Dyluute...
Doesn't matter how you spell it...
It has the same effect on LTNC stock price.
Trading Activity This Week Looks Like A Diluter Is In Our Midst.
Watch Your Bids.
Oh Yes The Stock Whisperer...
He hasn't been on this board in a while. Now where did he go?
Ummm... The new branches suck. And where is the revenue from the last purchase. You know the purchase that is supposed to do 2.7 million next year?
I called a number of the new branches to see if they even existed. Many went to voicemail or had a person telling me that I could fill out an application but they didn't have any jobs at the moment.
1337trades wrote:
There Was A Bum's Rush Done On The Branch Count In The Spring.
Their sales levels are way under what the original 15 did at such a young age. Plus as cpw13154 mentioned some of the branches were bought out. Where is their revenue? They were established places.
1337trades wrote:
DD Yes We All Need To Be Careful When Reading Stuff Put Out By This Company.
You've pointed that out before. Things like a double negative turning a statement positive, etc.
The new branches are definitely dragging along. Maybe the new COO can change that.
It is possible Schadel was good at managing 15 branches but lost control when the count increased to 30. If this venture is on the above board then maybe he is just frazzled.
It is known in VC circles that entrepreneurs often make terrible managers. They usually hire pros to take over after the venture gets going.
No DD It Is For 4 Weeks To 4 Weeks.
Here is the PR data:
DD Have Another Look At The Numbers.
Yes new branches are way under performing. Probably needs to close some. Or maybe the COO can ride herd and get things in line.
The 15% comparison is for the 15 branches and for 4 weeks not five weeks in Oct 2014. So apples to apples up 15%.
Oct Sales Report: Not Bad, Actually Pretty Good.
Possible Light At The End Of The Tunnel?
Now About That Dilution...
Possibly. But Remember The Incredible Oct Sales Should Be Released Any Time Now.
Plus Big & Smelly or was it Big & Silk might show up or might not.
Here is the twitter for those guys.
https://twitter.com/silkdynastystx
Says something about a canceled alert on Friday.
Is That Foreshadowing About A Price Drop?
intheknow1 wrote:
Problem Is Schadel Held Every Officer Position.
CFO, COO, CEO, etc...
So you can't blame the CFO. You can only blame Schadel.
This new COO might actually be good for this poor excuse of a public company.
expediter13 wrote:
Does It Look Like A Possible Gap Opening?
Followed by, let me guess, SELLING!
She Is Supposed To Free Up Schadel To Focus On Things Like Stock Price And Financing.
Maybe she should be in charge of that area. Schadel has already shown his level of incompetence. I never did much like standing on a roof. Vertigo don't you know. Fortunately vertigo isn't something we have to worry about with the price of LTNC. Or do we?
New COO Announced
Kimberly Thompson
Comes from Tip Top Roofers in Atlanta?
Dilution? Much Ado About Nothing??
“For man is a giddy thing, and this is my conclusion.”
- William Shakespeare, Much Ado About Nothing
Obviously there will be substantial dilution with 1,000,000,000 AS. This is my conclusion.
1337trades wrote:
Good News? Dilution? What???
All this dilution will prevent any chance of LTNC visiting the triple 0's? That's the good news?!
Now that's the most ridiculous thing I've ever heard!
1337trades wrote:
Neil24, Who Knows With This Stock.
It does this once in a while. Their facebook page has some item about job orders in the month of Oct.