Labor Smart Inc (LTNC)

[Colonel_mustard]

OK, my last post for awhile, then I go back to my foxhole.

Some have speculated there might be a buyout coming. Personally, I doubt it (but it may not be completely off the table). I think he's in for the longer haul. Could there be big deal coming? Certainly possible, but that still does not have to be the overriding reason he took one quarter to one-third of the OS off the table. The debt conversions had to have stopped or slowed to a trickle, otherwise he would not have bought. Who would buy knowing that more heavy dilution is coming? Quite possibly, he might have made this huge investment because the Command Center adjudication looks favorable for LTNC. If it does, what's the payout to LTNC...and how many more shares do you think the COMPANY can take off the market with that payout? And what does that mean for the average retail investor? It means the value of your shares will go up significantly. Overall, however, I think Mr. Schadel is very deliberately restructuring and refocusing this company after blasting out of the starting blocks with success, but while taking on too much (bad) debt, too fast, along the way.

By the way, these hiring companies can become cash cows. Check out True Blue, for example. In less than 10 years it's stock price went from oblivion to $25/share (from '95 to '99 it went from $2 to over $25), and now it's almost $30/share. Not bad.

Any way you slice this - and the bashers will try to slice it up any way they can - it's very, very positive news.

That's my 2 cents on this. Again, Happy Thanksgiving and blessings to all!