Labor Smart Inc (LTNC)

[NJHowie]

Ok, understood, so the end point is that the only way this downward spiral of negative shareholder equity and tangible book value ends is with the company beginning to turn in profits. Until that happens, everything taking place is just a financial shell game moving "debt" around whether we are talking about the convertible notes, or borrowing against receivables, issuing new shares, or some other way to get cash which the company does not have in the bank at this time.

Would you agree with that?