Labor Smart Inc (LTNC)

[DD2Gain]

Like I said, do your DD.

LTNC is not the only company on the OTC with "real" revenues and operations (what are fake revenues?) and a positive EBITDA. They are numerous and the majority of them are failing.

LTNC is not even close to net revenue. Millions of dollars in convertible debt. Millions more in convertible debt GUARANTEED so long as there is a tax lien in place. Millions of dollars more in additional convertible debt means an OS of at least 200,000,000 soon as warned by the CEO (1 billion OS required to meet 5x CURRENT dilution requirements). Only $300,000 cash for a self-insured day labor business. Negative net worth of $2.2 million. Annual revenue averaged per branch projected to decline by 20-25% for 2014. And about that 1 billion AS, the CEO wants $20-40 million in acquisitions next year. Yeah.

Pure pump play and with a current OS of 40 million there's some profit to be had here in the short term. Can LTNC save itself from its CEO? I suppose anything is possible, but I am certainly not looking at this as a long term play. Been there, done that.