Labor Smart Inc (LTNC)

[sobe4life]

Actually....

I said fact because it is true!

DD2Gain

Fact is, there is an IRS lien on LTNC not because LTNC is current, but because LTNC is delinquent on $1 million of 2013 payroll taxes

Labor SMART has an Agreement with the IRS stemming from the company becoming behind a single quarter in their payroll taxes last year in 2013.

The operative words LAST YEAR.

Labor SMART with the help of tax consultants, were able to negotiate very favorable terms on the repayment of taxes owed. The Agreement requires Labor SMART to be current on all their tax obligations and allow a lien in order to secure the Agreement.

Since the signing of the Agreement, LTNC has had no issues with maintaining its current status and has been making all its required tax payments on time.

If we want to say, LTNC was behind a quarter in payroll taxes last year, well, that is true. But to say or imply they are currently delinquent is categorically false.

Personally, I think we lose a sense of reality when we try to hold a young growth company like LTNC to the standards of well established companies that trade on the NYSE.

Growth companies are expected to make mistakes. A growth company can never truly become successful without making mistakes or experiencing failures.

How a company reacts, learns and grows from their mistakes is far more important than any mistake itself!

Buy, buy, buy and hold through everything that's shaping up to happen.

WELL..... That's what people did with Labor Ready now TRUE BLUE (TBI NYSE) when it started trading at .25 cents. Believe it or not, it took a few years for them to get to $27.00 a share!