Labor Smart Inc (LTNC)

[DD2Gain]

Well...millions of dollars in losses, half as much delinquent payroll tax, using notes to pay off debts, but I'll bet the CEO bragged about how YOY revenue was a "record" in the last Q. Looks like SLNN could be a vision of the future for LTNC with all the litigation. And....is that an unsecured bank loan I see in the financials? The kind we have been repeatedly told "NEVER" exists for OTC companies? Considering the lawsuit over failure to pay, I can see how OTC companies might have a hard time with that. With Ryan Schadel being late twice with payroll taxes and having an IRS lien placed on the company I don't see much difference here except that Saleen was actually able to get decent financing to start his company while Schadel took the pinksheet route of millions of dollars in toxic notes.