Labor Smart Inc (LTNC)

[sobe4life]

WRONG, WRONG, WRONG.....

First, it's not nice to put in words OTHER THAN WHAT WAS ACTUALLY STATED in a quote!

NOWHERE does Ryan Schadel state that there will be 200,000,000 shares added to the shares outstanding. It is a complete farce and fabrication to state otherwise!

DD2Gain

(this means 200,000,000 is the minimum expected dilution with the 1,000,000,000 authorized).

Ryan Shadel

"Today, I am taking a proactive step of increasing our authorized shares to 1 billion. I want to be clear, there is no intent to issue this many shares and to the contrary, this move protects shareholders from massive dilution that would occur if we failed to reserve properly and caused a default on these debentures. Many will ask, "But why 1 billion?" In case there are parties who believed the company could be pushed into default of these debentures, 1 billion authorized is such a large and unneeded amount, I believe it insures a default for lack of reserve is now impossible. Once these debentures are removed from our balance sheet, the board of directors will move to reduce the authorized shares back to a more reasonable number."

Where is the credibility in putting words in the CEO's mouth???

Oh, wait! I've had that done to me as well so I guess it's of NO SURPRISE!!!