Actually, a perfect example of NOT being objective.
First, when I look at the statement, "Mr. Schadel paid himself off" that is neither a clear or accurate assessment of what really happened.
When Labor SMART was incepted, Mr. Schadel provided the initial funds that seeded the working capital and growth for the company. I don't know where it is stipulated that a CEO is NOT allowed to recoup his loan before his company turns profitable. Regardless, the fact that everything was recorded, stated and publicly disseminated properly shows that he and the company kept the transaction very transparent to the shareholders. The only thing I see "shady" is the actual statement that he "paid himself off."
Second, unless irrefutable proof can be shown that actual monies that should have gone to payroll taxes instead went into Mr. Schadels pockets, then that statement is highly inflammatory and without any merit or foundation.
Of course, if there is some type of documentation that exists that would actually prove otherwise, I would love to see it. However, just because a reckless theory is made and thrown out there, it does not make it the truth.
At the emd of the day, whatever issues LTNC had with their payroll taxes, those issues have been resolved with the IRS. As of today, they are considered current with all their payroll tax obligations and we can take solace in knowing that under the Agreement they have with the IRS, the issue of them falling behind in payroll taxes can never happen again.
These are substantiated facts that can be proven. I, for one, would much rather deal with facts than fiction.
