Labor Smart Inc (LTNC)

[sobe4life]

I can't so no with absolute certainty since I do not work for the company.

However, everything they do, they do with the intent of eventually uplisting to a larger exchange. It would not be inconceivable to see them do a reverse if it were for the sole purpose of adjusting their price to qualify for an AMEX or NASDAQ listing. They would also probably follow the advice of whatever middle tier investment banking firm was sponsoring them and would take their advice since once an uplisting occurred, that firm would most certainly put out a buy recommendation.

Unlike most OTC companies that live off of the sale of stock or are in the business of being a public company and issuing shares to give themselves a paycheck, this company has real plans and a very bright future.

I know in today's age 99% of reverse splits are done for the wrong reason and have a negative impact on shareholder valuation. However, there are a few times that a reverse split is done for positive reasons.

If LTNC were to ever contemplate doing a reverse most assuredly they would be doing one for the right reasons. Most certainly with only 55 million shares outstanding I don't think we have to be concerned with anything.