Labor Smart Inc (LTNC)

[sobe4life]

Hahaha....

I guess we see why it is soooo important to do proper due diligence before jumping the gun with questionable statements.

I went to the link and saw that the filing was in relation to a recently announced financing for $1,100,000 done with a group of Accredited Investors.

Besides the fact that we have a minimum of six months before anyone could convert, the Agreement has a floor set at .15 cents, a pre-payment option and various clauses that the company could elect in order to circumvent dilution.

This so-called POS diluting machine has shown a consistent pattern of paying off notes and the shares outstanding have gone from 19 million in 2011 to 28 million in 2014.

Even more interesting is the statement that Labor SMART is diluting to 250 million shares when they only have 150 million shares authorized.

Knowledge is power!