Labor Smart Inc (LTNC)

[sobe4life]

YOU ARE WRONG!!!

We can make a statement a 100 times and it will still not become the truth!

DD2Gain

I would hold out more hope except for the $1 million delinquent payroll taxes and associated IRS lien. As long as that is on the books, there is not a chance in hell of anything but more toxic financing to keep the doors open. The more I think about it, the more it is apparent that the CEO is setting up his exit strategy to collect what he can before everything collapses. If that's the case, LaborSMART is gasping its last breaths and will die over the next 6 months. At this point, the priority is simply to make sure that loan is paid off to make sure Ryan Scahdel is not personally liable, which will be at a fatal sacrifice to the company.

Well, I guess it is of no surprise that this IRS situation has been addressed at least a hundred times YET it still keeps getting repeated erroneously.

Labor SMART is now current NOT delinquent with all their tax obligations. Were they delinquent at one point in time? Yes, but that is not the case today. They now are current and are making timely payments under the agreement they have with the IRS. Additionally, the lien was a part of the Agreement and was placed in accordance to the Agreement after it was signed. The lien DOES NOT take a first position and is standard operating procedure for the IRS. Factually, the terms worked out ultimately are advantageous for LTNC on a going forward basis.

LaborSMART is gasping its last breaths and will die over the next 6 months?

Labor SMART's operations have never been better!!!!

Increasing growth in operations
Increased gross profits from 15% to almost 25% in last 12 months
Increase in assets
Positive EBITDA
Record revenues
Diversified client base well over 1000

Sorry, but this is not a business that is gasping its last breathe.

What sensationalism!