Labor Smart Inc (LTNC)

[sobe4life]

You are wrong.....

If you did your homework then you know this guy borrows money at a 50% rate ? THat he puts out PR's that disclose up ticks in revenue, but never mentions the cost of revenue.

If we did our homework we would know that LTNC is not borrowing money at a 50% rate. Although their notes may be considered high on more conventional terms, for an OTC company they are of the normal.

I would like to see another OTC company that is borrowing money with better terms. It doesn't exist, so we should get real with the situation involving the real types of financings that are available to companies that trade in the OTC market and the risks involved.

Additionally, NO NEED to make up examples. If we want to know what Labor SMART's cost of revenues are, all we need to do is review LTNC's quarterly 10Q's. More importantly, the fact that the company is increasing gross profits and showing positive EBITDA with current revenues generated gives a better overall picture of the operations. Last I checked. their losses were going down in percentage to revenues generated.

Why would Labor SMART want to hide that?