Labor Smart Inc (LTNC)

[sobe4life]

EVERYTHING looks promising! ESPECIALLY at these levels....

cpw13154

LOL nothing looks promising at all. They have 16 venues that are doing nothing except adding to the already huge losses. we have 14 established venues that have already seen a halt in the revenue growth.

If this were the case then I would like an explanation on how they have already reached their 2013 revenues of $6 million dollars in the first eight months of the 2014????

cpw13154

The only growth is they went from 8 venues to 30 so of course there revenue increased DUH.

Hmmm.... Considering that both these statements were included in the same paragraph, this sure looks like a direct CONTRADICTION to one another.

I'm really not sure how we can say that LTNC's branches are either doing nothing or have seen a halt in their growth and then in the very next sentence say the reason their revenues increased was because of their growth! DUH!!!

By the way, they haven't grown from 8 to 30 branches. They have grown from 2 to 30 branches in 30 months (a 1300% increase from inception) and from 14 to 30 in the last 12 months (a 114% increase for the last 12 months).

As for losses, this company has only been in business for less than 3 years showing triple digit growth, increasing gross profiy margins and postive EBITDA. Anyone who can read a financial statement sees that the majority of the losses are paper not monetary losses.

Of course, we can continue to ignore these facts like they don't exist! But we all know that the facts don't lie.