Labor Smart Inc (LTNC)

[dizzydon]

first off,it's not a "double alias"

DD2Gain reposted my post # 37294

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119348587

Re: None
Post # 37294 of 38066

872,494.71 reason's why the SEC might investigate LTNC

$872,494.71,the amount of money from Labor Smart's "working capital" that Ryan Schadel has spent,beginning on November 25th,to purchase share's of his own company's stock,and share's of TSGL.

definition of working capital:
----------------------------------------------
Quote:
Working Capital = Current Assets - Current Liabilities
Working capital is defined as the difference between current assets and current liabilities. Current assets are the most liquid of your assets, meaning they are cash or can be quickly converted to cash. Current liabilities are any obligations due within one year.
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..technically Labor Smart doesn't have any "working capital" because it's current liabilities exceed's it current asset's by $5,189,814

so here you have a company that is operating at a loss from one quarter to the next,owe's the IRS well over $2,000,000 in unpaid Federal Income Tax,and a CEO who is using money from his company's cash flow for stock purchase's,and even a $250,000 McLaren

i seem to recall a post from a few week's ago that indicated several people have complained to the SEC about Ryan Schadel/Labor Smart...i know from personal experience that the SEC does answer email's sent to them.

Many on this message board have stated that Labor Smart IS NOT under investigation

That may or may not be true,(how could we possibly know),but they can't rule out the possibility,(a real one,imo) that it will be.

using his share's to pay off the note's..what a dubious idea!

we'd have to imagine the note holder's getting at least .0006 a share when they sell..they'd be dumping all 2,560,324,831 share's (not 3B as you keep on posting),which would collapse the price back to .0001 long before all 2.6B were sold,and that wouldn't leave the 500,000,000 share's to be put aside for the Employee Stock Ownership Plan

it's great that the pps has gone from .0001 to .0012,but that just seem's to be spawning Happy Happy nonsense like .01 and .04 are coming,etc.