Labor Smart Inc (LTNC)

[GreenHarvest]

Cutting branches or adding more is not good or bad in itself. The company is not there to open branches. It has a mission to do and targets to meet including profitability. Companies take corrective actions if they don’t meet their targets to optimize themselves and better meet their goals like cutting unprofitable branches (the 80/20 rule), happens all the time in the business world and are seen as a good thing as a company aligns itself in attempts to better meet its target and not sitting helpless.

Many stocks in sub-penny land are nothing but shells with no operations and no revenue and no real company, and sometimes even no office or phone, established to scam traders and keep selling shares through dubious actions while their management gain only and are not exposed to any loss.

With Labor Smart, the fact that there’s a real company with genuine business, that has a proven system to actually generate revenue (whether with net profit or loss), and that revenue is not trivial but in the many millions, and it could manage to increase its revenue before as seen in this PR "Labor SMART, Inc. Reports Full Year 2014 Revenue Growth of 45 Percent" (January 7, 2015) and probably could do it again, and that it could achieve profitability with optimization and corrective actions that the company is taking now like cutting branches and smartly avoiding dumping shares through convertible notes while many other companies stood paralyzed in the same situation and lost the battle along with shareholders money, and that the company owner is deeply invested in the company on a personal level by owning a huge number of shares (his wife has some too) and he is in not only in the same boat with shareholders but also will be exposed to a much bigger loss resulting of any bad action and also much bigger gain of winning so he must be keen on making it happen, and that good and smart business decisions have been taken for a while now followed by actual fulfillment, all that puts Labor Smart in a league of its own.

You might have some factual points but not all of them are necessarily negative and I believe most of the negative ones - if any - are irrelevant to the "new" Labor Smart. However, they are better be addressed by the CEO to close them once and for all.

I don't know what happened exactly but seems that at a certain point, the company switched direction to something much better and have done a lot that makes old negatives irrelevant now. Interested traders and shareholders can choose either to ignore all the new positives and keep dwelling in the past, or observe it and acknowledge the huge potential.