Labor Smart Inc (LTNC)

[DD2Gain]

What do you think of the possibility that Schadel is allowing all the notes to convert to buy back later? I thought some time ago that this would be his best (now his only) option. However, I think it's too late. I very much doubt that there will be much if any cash generated this year with branches each expected to average $200,000 less of total revenue than 2013. There isn't much cash to begin with ($300K). The 1 billion AS will absorb what is left to be converted, but there has to be no more notes acquired and I am highly doubtful of that. I just don't see where the money is going to come from to fund operations and certainly not to acquire any more branches next year. With that tax lien in place, we all know toxic financing is the only financing that can be secured and after the pps falls to whatever the fully diluted price will be the shares left won't be worth all that much. So, what have we got?