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Wednesday, November 19, 2014 7:43:40 AM
cpw13154
My point is with all his press releases and garbage he puts out would have been nice to see him tell investors of yet another place he had to close and the reasons for doing so. called transparency!!!
I guess when we are desperate to pick this company apart, we fail to see when the company discloses certain things. I'm pretty sure if we had the capacity to look at things objectively, we would be able to see when this company discloses positive information.
Example:
Labor SMART September 29, 2014 Press Release
Ryan Schadel, President and CEO of Labor Smart, Inc. said, “We acquired two branches in this acquisition. The one in Alabama will be consolidated with our existing office in Birmingham over the coming months. We also intend to close our existing Houston office as it has not performed up to our expectations. Our intent to re-enter the Texas market by way of acquisition in the near future.”
So the "phantom" closing of a second branch was never a closing at all. It was simply a consolidation of two offices into one which had been appropriately disclosed in their press release. This is how the company went from 32 branches to 30 branches. DUH!
Without a doubt, Labor SMART is one of the most transparent public companies trading in the OTC market. They have never hid anything and have always met all their disclosure responsibilities as a fully reporting company.
These are the facts!
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