Labor Smart Inc (LTNC)

[BCMarine]

I guess we can take anything and turn into something bad - or good. He told us that he raised the A/S to be compliant with his covenants. I understood it as the toxic lenders turned the screws and started selling shares to get their money. Sounds to me like his hand was forced. That doesn't make him a liar if things are out of his control. How do I know that the lenders told him they wouldn't sell and then they did anyway. I'm more apt to think the lenders are liars more so than the CEO. JMO

I can't comment on the back tax issue as I haven't found where he told us that he was current. If he said he was current and he outright new he wasn't, then how could anyone disagree that he lied. I just haven't laid my two eyes on the documents yet. If it was an actual conversation, it will never be proven.

The last thing that I saw about the O/S was 2.6 billion, not 5 billion. I know there will be a response that says I need to do my DD, which I will. I must be looking in the wrong spot for the quick find.

If his story changes, he's a liar. If all of us stretch our stories to make our point, we must all be liars too.