Thursday, July 30, 2015 10:08:23 AM
Notice that is a 'convertible note due January 1, 2015".
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10751815
Once again: "AT THE OPTION OF THE HOLDER"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10709761
Also from the 1Q
Contingent liability, current portion 122,129
Convertible notes payable 3,744,754
Warrants and bifurcated conversion features 475,371
And if you think paying back 2x principal is outrageous just look at the 10K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10621811
Schadel owes AT LEAST 55 billion shares in debt and blown through $6 million for a company that shouldn't have cost more than $1.5 million BY HIS OWN ESTIMATE (do you need that to?). He doesn't have the cash and he doesn't have the wits. Command Center is well positioned to get LTNC for pennies on the dollar through the bankruptcy proceeding they initiated.
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