Labor Smart Inc (LTNC)

[sobe4life]

IF WE READ LTNC's PRESS RELEASES THEN WE CAN EASILY SEE WHY CPW13154 IS WRONG!

cpw13154

SO the increase the AS to I BILLION just for laughs.

From their October 22, 2014 press release:

Ryan Schadel, CEO

"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."

Revenues down?????

Hahaha.... As hard as we might in finding or creating a scenario to prove that revenues are down the fact is NUMBERS DON'T LIE!
Revenues are up, way up and are continuing to climb as their branches develop clients and mature! PERIOD!

A tax lien for $1.6 million?

Another wrong statement!

Go Figure!!!