Labor Smart Inc (LTNC)

[megagnome]

The AS is in fact 20B shares. The CEO reported this number shortly after raising it to 1B before that. It is absolutely true and has been reported by the company. But if you want to look at the outstanding debt, it would take a lot more shares than that to satisfy all of the note holders, should they all choose to convert at the level that they are being given shares at. Now, since we haven't seen an update for so long, we can only work with the numbers which were last reported. He may have paid some off since, or, although it is very unlikely he would be given the chance, he may have acquired more debt.