Labor Smart Inc (LTNC)

[sobe4life]

If it's WRONG then it's NOT worth paying attention to.....

DD2Gain

I've been around this stock since early February 2013. LTNC was supposedly at bottom with .50, .40, .30, .20, .10, and now we have bottomed out at .035 even though the 52 week low is .025. Claims that any one of about a dozen toxic note holders "IS" done converting/selling would be the distinguished result of

a: Clairvoyance
b: Insider Information
c: BS

I know that I was pretty clear that I called the company to confirm that Asher Group had completed their last and only note with Labor SMART.

Shouldn't that be "d:"? Convenient how it was left out as a reasonable explanation!

I know what I'm going with since there is not a single source of public disclosure on the matter that doesn't point to anything but dilution, dilution, dilution by ALL lenders involved.

Actual due diligence would show that all of Labor SMART's notes are staggered. Thereby making it impossible for "all lenders" to be able to convert at the same time. All notes also carry a prepayment provision that allows the company to pay of the note as opposed to the lender converting into common shares.

Also, it is incredibly naïve to think that conversion and selling are anything distinct when 50% principle is on the line with a stock that is sitting at a loss of almost 95% from it's 52 week high and total revenue averaged per branch is projected by the CEO to be 20-30% lower YOY. Let's not forget that the 52 week high is .50, but the all time high was about .80 last year.

Labor SMART is projecting record YOY and overall revenues. I would like to see this so-called projection by the CEO showing lower revenues by 20-30% going forward. We all know this doesn't exist. More importantly, the company is seeing increased asset accumulation, greater gross profit margins and a positive EBITDA. Without question, the operations are headed in the right direction.

With all that said, toxic note holders that still have principle outstanding are looking to secure their investment. This is done primarily through third party pump campaigns prior to major sell-offs and continued plummeting of pps.

Both the SEC and FINRA do not allow Hedge Funds, note holders or anyone with a significant position in a company to engage in promotional campaigns in order to liquidate their positions in a company. ESPECIALLY, if that person came into that position at a discount to where the current market is. DUH!

At it's current pps, LTNC won't be able to cover the outstanding convertible debt which I estimate to be about $1.5 million. I know, .03 is about 50 million shares, but don't forget about price plunge and the steep stock discount with conversion.

Hmmm.... Current estimate? Based on what? Thin air, guessing, Ouija board???

How about this as an option.... Because every note is staggered and in relatively small increments, Labor SMART has the ability to replace these notes as they come due with better funding's, i.e., the most recent one done with a floor of .15 cents OR by simply paying it off by utilizing a portion of their revenue stream. I guess we forget that this company is going to do $25 million in revenues this year!

In my very humble opinion, we are soon going to see much more focused efforts to raise the pps which potentially presents a unique opportunity to gain on that effort if investors time their transactions right AND lady luck is on our side (no more OTC halts!!!).

Doesn't seem like any of the previous statements were very "humble" just WRONG!

OTC halt? Oh yes, Friday FINRA experienced software issues with their quotation program and temporarily halted trading on ALL companies trading on the OTC.

Labor SMART themselves has never been individually halted! So why would we go out of our way to make it look as if they had?

Hmmm....