Labor Smart Inc (LTNC)

[sobe4life]

I'm sorry, but if we actually read LTNC's press releases we would see a detailed explanation of why Labor SMART increased their shares authorized to a billion.

As a matter of fact, I know that I have personally cut and pasted this explanation on previous posts. So why would we PURPOSELY act as if we didn't already know?

Since we must have a very short term memory I will go ahead and repost for EVERYONE to see:

Ryan Schadel

"Today, I am taking a proactive step of increasing our authorized shares to 1 billion. I want to be clear, there is no intent to issue this many shares and to the contrary, this move protects shareholders from massive dilution that would occur if we failed to reserve properly and caused a default on these debentures. Many will ask, "But why 1 billion?" In case there are parties who believed the company could be pushed into default of these debentures, 1 billion authorized is such a large and unneeded amount, I believe it insures a default for lack of reserve is now impossible. Once these debentures are removed from our balance sheet, the board of directors will move to reduce the authorized shares back to a more reasonable number."