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Thursday, October 09, 2014 9:09:49 AM
As a public company Labor SMART is only required to report material events to the public and its shareholders. Their situation regarding taxes owed never has risen to the occasion of a material event.
I will rely on Labor SMART's accountants, auditing firm, SEC corporate counsel and the Securities Exchange Commission in determining what is and what is not material to the company!
Yes, we can continue to attempt to make a major issue of the situation (yawn), but no matter how many times we want to yell and scream about it, it will never change the actual facts.
Additionally, this matter was handled and resolved through tax experts who represented LTNC in resolving this matter. The Agreement between the company and the IRS supersedes what the standard operating procedure would be in going after a company or individual for back taxes.
This is a very transparent company but that does not mean they will furnish 100% of their business to the public just because someone wants them to.
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