Labor Smart Inc (LTNC)

[NJHowie]

Understand that what they choose to pay in stock instead of cash is equivalent to it being paid directly from investor pockets. It is an admission that they are unable to fund the company from operations, or if they could, they believe the company is worth no more than 0.00035. This is not refutable - it's one of the other. Companies do not wildly issue shares like this unless they are being forced to. LTNC could use cash but doesn't, no assumptions necessary as to what it means or any additional information required.

I'm not sure why any investor would make such an outlandish statement that he prefers the company to be issuing shares instead of using cash. Have you not yet figured out what happens as a result of what has taken place over the past 6 weeks?

You cannot value this company because you have absolutely no idea how many shares will be issued this week, next week, or in the next month or two.

As at least one person noted, there doesn't need to be a reverse split for you to be diluted to nothing in a very short period. How many shares you own is meaningless, the value of what you have is all that matters.