Labor Smart Inc (LTNC)

[sobe4life]

***CPW13154 YOU ARE WROOOONG!!!***

cpw13154

stock buy back that's why he has added 850 million more shares to bring it to ONE BILLION.

I'd like to know the justification of this statement when the company currently only has 55 million shares outstanding!

Personally, it seems somewhat deceptive to say "they added 850 million more shares" because factually these shares currently do not exist.

Of course, we could always take an honest approach in giving full disclosure that what we are really talking about is the increase to the shares authorized which has nothing to do with the shares outstanding.

Labor SMART also went into great detail about why they increased their shares authorized and stated that there was absolutely no intention of ever issuing these shares into the share structure.

They have 3 million in toxic loans and owe the IRS 1.6 million.

Labor SMART does not owe $1.6 million to the IRS. I find it interesting how we continue to make this statement while continuing to ignore the repeated requests (on a daily basis) to prove it!

I know that if I made a statement and was asked to verify it, I would be more than happy to back up my statement. But that's just me!

I think people would appreciate a little honesty when looking at information about this company.

As for the "toxic" loans. Well, let's just face reality. It is the only type of financing available out there for OTC companies. Whats more important is to look at what they have done with their monies and ask... Are their operations better off today with the working capital infusion then if they had not borrowed money to grow.

One look at their growth and financial statements show that for an aggressive growth company, they are doing a great job. To be able to buy this stock at .015 cents is a gift when comparing it to all the garbage that's out there in OTC land.