Labor Smart Inc (LTNC)

[sobe4life]

EXCUSE ME but the quote you just posted did not come from Yahoo. It is an opinion that is riddled with erroneous information and theories that do not properly reflect the current business that Labor SMART is doing.

I'm very surprised since anyone with an ounce of business acumen should be able to see this.

I'll give you one very brief example so as to not waste any more of my valuable time:

first what are his financing cost for each invoice submitted for A/R financing...let me help you, 2% plus .5%=2.5% a MONTH or an APR of 30%.....just eating GP on each invoice!!!!

Extrapolating a 30% APR on invoices is a ridiculous pipedream. Invoices only go out 30 to 90 days before they are paid. Maybe in a very rare case 120 days. They never, ever, ever go out a full 360 days which is what it would take to show a 30% APR.

Just eating up GP on each invoice? Well, if that's the case then I would like an explanation of how LTNC has increased gross profits from 15% to almost 25% in the last 12 months.

This is just one example but I could rip apart every single sentence in the full quote!