Labor Smart Inc (LTNC)

[DD2Gain]

Nice try, but not factual at all.

The paying off of notes was spotty, at best. Last year, Schadel paid about 50% of the loans (many inexplicably only partially amortized) while the balance converted. This year, Schadel has paid off one note for about $150k. Whatever amortization has been done since then obviously hasn't been near enough to keep the conversions at bay as we can see by the flood of sells and the new low that is a mere 33% of the previous low. Schadel has proven he has no qualms with conversions, so everyone gets to look forward to millions more in toxic financing next year to keep his ego inflated with more struggling acquisitions.