Labor Smart Inc (LTNC)

[megagnome]

Regarding the legality of his recent acquisitions, I repeatedly see refutations to the illegal insider trading argument in the form of: "he filed a form 4, so everything is good". Please understand that no one has claimed that a ceo buying shares in his own company is illegal. It becomes illegal when the ceo buys or sells shares because of information only known to insiders at the time the trades took place. This is exactly what happened here. The ceo of a publically traded company began buying shares, by the billions, AND THEN released material information. You see, its not that he bought shares, or whether or not he filled out a form 4, but rather in the timing of his enormous buys and the release of this MATERIAL INFORMATION.