Labor Smart Inc (LTNC)

[GrowthStocks99]

LTNC lives paycheck to paycheck and on credit cards.

Current Assets: 2.24 million

Current Liabilities: 3.612 million

Quick Ratio = .62

Healthy companies have a Quick Ratio of 1.1 or greater.

Accounts Payable: 1.668 million
Short term debt: 1.944 million

LTNC keeps rolling their high cost credit card debt. (convertible notes)

1st Qtr 2014 revenue: 4,728,800

Almost the same as the 4th Qtr 2013: 4,766,000

Loss will probably be in the same neighborhood? 900,000 dollars?

Tack that on to the credit card debt.

Yea, things are great at LTNC.

1.00 per share? Good luck with that.