Labor Smart Inc (LTNC)

[sobe4life]

Oh, I think people are laughing alright. But they are laughing at people who pretend to know the difference between a well run aggressive growth company and a company that is "in trouble."

Anyone who ACTUALLY knows how to read a financial statement can plainly see that LTNC is far from being in trouble.

Additionally, there is no lien from the IRS that amounts to $1.7 million dollars. This issue has been discussed many times and although no one seems to want to pony up any evidence of this alleged $1.7 million amount the misinformation continues.

Very concerning!

In case we forgot how well LTNC is doing:

-2011: $165,000 revenues (audited)

-2012: $7,100,000 revenues (audited)

-2013: $16,100,000 revenues (audited)

- Revenue for the nine months ended September 26, 2014 increased 52% to $18.1 million as compared to $11.9 million for the nine months ended September 30, 2013.

-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1.5 million cash (PROJECTED) and positive EBITDA

-Growth from 2 to 30 branches in just three years

As of 11 November 2014:

-Increased gross profit margins from 15% to 25% over the last 12 months

-Revenues up 28% to $6.8 million vs. $5.3 million a year ago

- Same branch revenue up 12.5% year-over-year

- Gross profit margins improve to 25% vs. 17% a year ago

- Added 315 new customers

- EBITDA of $121,577

- Adjusted EBITDA of $344,731

Outstanding shares as of November 4, 2014: 55.5 million.