Labor Smart Inc (LTNC)

[Redballs]

DD from inception to 2013.... I will continue from 2013 to present once I finish writing this and walking my dog.
The company experienced a very rapid growth from 2011 to 2012; from opening their 1st location in Nashville, TN November 12, 2011 to opening their 6th location on April 25th, 2012. The company seemed to be doing well with loans from the president that he was actually not collecting interest as per the promissory note's.
It seems that the growth outgrew the president's financial capabilities and this is were the stock options for outside parties (Infinity Global Consulting Group Inc, warrants began to be issued, and the first convertible promissory note with Evolution Capital LLC was agreed upon for $130,000 at 12% with a variable conversion price of 50% of market price.
With cost of services hovering around just above 80% right now, Ryan began to take his first salary at $2000 per week. It appears that the overzealous growth strategy needed to be reeled in a bit, because the financial's were starting to look ugly.

I will continue, later...