Labor Smart Inc (LTNC)

[sobe4life]

SO WHAT???

Possibly we might want to actually do a little due diligence before using unfounded and inflammatory words like crook, scam and POS in association with Labor SMART and its CEO.

Labor SMART is very much a REAL company that has very visible locations, well known management within the industry, audited financials and continues to run its operations very transparent to shareholders and potential investors.

As for the A/S being increased.... SO WHAT?

For anyone willing to take the time to read the company's press release in totality, it gives a very logical and detail explanation as to why an increase in shares authorize was necessary. It also states very specifically that this move will save the company from unnecessary dilution. DUH! DUH! DUH!

Ryan Schadel October 22, 2014 Press Release:

"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."

Fact is, LTNC currently has less than 40 million shares outstanding and is trading in the .03 cent range. With projected revenues of $25 million in 2014 and an ever growing balance sheet that gets stronger and stronger ever quarter, there is little doubt that this company should be considered undervalued at this moment.

"NEVER made a penny, but all big losses"

I didn't know that aggressive growth companies were expected to show triple digit growth AND net income AT THE SAME TIME!

Possibly, you can impress us with your acute business acumen and detail out what EXACTLY these losses are from? Are they actually hard money losses or paper losses? Do we even know the difference?

Let us know!