Labor Smart Inc (LTNC)

[sobe4life]

YOU ARE WRONG!!!!!

All I can say is DUH! DUH! DUH!

DD2Gain

Recognizing that EOY projected 65% YOY revenue growth with (as you say) 130% branch increases IS NOT GOOD NEWS!

I LOVE IT!!!

Once again we want to take this 130% growth and treat the expansion as established matured branches. The majority of this growth is coming from branches in new territories that have only been opened for a few months. You see, in the real world, it takes time for businesses to establish themselves. But we already know this!

These are the facts....

2011 $165K in revenues
2012 $7 million in revenues
2013 $16 million in revenues
2014 $25 million in revenues (projected)
2015 $40 million in revenues (from existing operations before any additional growth)

Gross profit margins and EBITDA...Let's see what happens when the first employee gets injured on the job with all that money "saved" to be self-insured in order to create those increases.

Oh my.... Is this the part where we should run because we may be facing a Zombie Apacolypse???

Hmmm.... Labor Ready became self-insured in the early stages of their operations and the went from .25 cents to $25.00 a share.

I also love how we try to diminish the fact that LTNC has increased gross profits from 15 to 25% and are now showing positive EBITDA by insinuating something catastrophic "could happen."

THE COMPANY HAS A NEGATIVE NET WORTH OF $2.2 MILLION!!!! LIABILITIES FAR EXCEED ASSETS! THE COMPANY IS WORTHLESS!

This company has been operating for less than 3 years but is projecting $25 million in rev's, has growing gross profits, positive EBITDA, assets, triple digit growth and expansion but because it doesn't have a balance sheet of a well established NYSE stock it's worthless.

Seems to me that Wall Street was built on the anticipation of companies becoming successful. Not on companies that were already successful.

Maybe we might want to invest in companies that trade on larger exchanges like the AMEX or NYSE. It seems quite obvious to me that if you aren't willing to speculate or take risk then you shouldn't be investing on any company that trades in the OTC market!