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where u getting all those numbers? I dont see $1mil in fees.
read da Q. the "new" note waz a refi.
theres no payment...wut r dey late on?
"lenders" usezd loosely. Dey convertible notes. "A convertible note is a loan that converts into equity after the company has a bit more operating history under its belt and there is more information available to establish a fair price."
wheres dat millions of dollars in losses quarterly? i don see it
BK? LOLZ! Dey jus got a ton of $$
u hav 811k in AR. u collcts it. u spend it on new AR?
ya but itz 811k they dont gotz to put into new AR
Not real tradz
Net cash provided by operations was $569,375 during the three months ended March 27, 2015.
On May 14, 2014, the Company entered into a Convertible Promissory Note (“Note”) with KBM Worldwide, Inc.
On January 12, 2015, the note was paid in full.
On April 14, 2014, the Company entered into a Convertible Promissory Note (“Note”) with Group 10 Holdings,..
On January 21, 2015, the note was paid in full.
On December 12, 2013 the Company entered into a Convertible Promissory Note (“Note”) with Tonaquint Inc...
At January 16, 2015, the Note was paid in full
On April 2, 2014, the Company entered into a Convertible Promissory Note (“Note”) with Coventry Enterprises, LLC..
On January 21, 2015, the note was paid in full.
“From a factual standpoint, Labor SMART has not acknowledged receipt of any legitimate default notice from any noteholder,” Schadel said
- See more at: http://www.staffingindustry.com/Research-Publications/Daily-News/Labor-SMART-rejects-acquisition-deal-default-notice-in-dispute-34215#sthash.dheOb64V.dpuf
LABOR SMART REJECTS ACQUISITION DEAL, DEFAULT NOTICE IN DISPUTE
Labor SMART rejects acquisition deal, default notice in dispute - See more at: http://www.staffingindustry.com/Research-Publications/Daily-News/Labor-SMART-rejects-acquisition-deal-default-notice-in-dispute-34215#sthash.dheOb64V.dpuf
but wut about - Of the 15 branches that were open at December 31, 2013, revenue for the year ended December 26, 2014 was $21,968,480, representing a 31.93% increase in same branch revenue in a year over year comparison
"Of the 15 branches that were open at December 31, 2013, revenue for the year ended December 26, 2014 was $21,968,480, representing a 31.93% increase in same branch revenue in a year over year comparison"
show where dey have 9 mil liabilities
Command Center also reported it submitted a notice of default and demand for payment of $305,429 to Labor SMART on May 26. The demand was made under the terms of a note issued by Labor SMART in 2014; Command Center purchased the note on May 22, according to the filing.
However, Schadel said Labor SMART has not received any default notice and is required to file a disclosure with the SEC within three days if it had.
“From a factual standpoint, Labor SMART has not acknowledged receipt of any legitimate default notice from any noteholder,” Schadel said.
- See more at: http://www.staffingindustry.com/Research-Publications/Daily-News/Labor-SMART-rejects-acquisition-deal-default-notice-in-dispute-34215#sthash.ylXZJfA5.dpuf
Total assets $ 4,211,978
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
tradz under .0001 r usually just MMs squaring books. Look @ time n vol. Not "real" tradz
What defaults?? On July 11, 2014, the Company entered into a Convertible Promissory Note (“Note”) with Macallan Partners, LLC (“Holder”) in the original principal amount of $115,000 less an original issue discount of $14,000 and transaction costs of $8,080 bearing a 0% annual interest rate and maturing January 7, 2015. At March 27, 2015, the Note has passed its maturity date and the Company has not received a notice of default.
On July 22, 2014, the Company entered into a Convertible Promissory Note (“Note”) with Firehole River Capital, LLC (“Holder”) in the original principal amount of $106,000 less transaction costs of $8,080 bearing a 12% annual interest rate and maturing April 22, 2015. The Note has passed its maturity date and the Company has not received a notice of default.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
just making dis up
dey got 1 but is part of the deal dey cut wit uncle sam
Show us where dey losing money. Non-cash loss isnt money..is paper.
dis whole "company is bankrupt" thing is made up dats y. biz is fine. stock is not but will b imo.
Who buyin all dees sharz?
but how many actually have it? LTNC does.
dey still got 2 report share structure changz
Did you? "A number of these rules include conditions of eligibility. Most of the rules, for example, are not available to blank check companies, penny stock issuers, or shell companies."
QUIET PERIOD http://www.sec.gov/answers/quiet.htm
"We expect to effect a 1-for- reverse stock split of our outstanding common stock just prior to the date of this prospectus"
right ther
dey reverse, raise dough, up list all @ once
Use of proceeds We expect to use the net proceeds received from this offering for acquisitions and working capital and general corporate purposes. While we regularly seek and evaluate possible acquisition opportunities, we have no material definitive agreements, commitments, understandings or arrangements with respect to any acquisitions. See “Use of Proceeds” on page 14
Why file to raise $$ if dey not gonna raise $$?
From da S1:
Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement is declared effective
Dey raising $29 million. Dont think ne1 worried abt an exit strat LOL.
nice lil pullback. Iz rdy 2 run again.
actually da tweet wuz a response to a tweeted question
wicked l00king chart! $DRMC
abandon ship i guess