Labor Smart Inc (LTNC)

[DD2Gain]

The flippers know what they're doing. It's the longs who are going to get burned by the inevitable RS. Every tick up is a tick closer to disaster. The dump is going to be epic.

I wonder how close the OS is to 50% of the AS. Billions of shares have traded for the past few weeks and a solid chunk of that has been the CEO buying his own shares while note holders convert. Prior to that, there wasn't enough volume for note holders to do much of anything.

The Schadel Charity Fund is doing better than I expected, but I think the PPS is being floated largely by the CEO and by a lot of longs who have been around a very long time and waiting to seize an opportunity to get the hell out.