Labor Smart Inc (LTNC)

[DD2Gain]

Oh, please. That shit won't fly. The total note payments Schadel has posted for December and January is $120,000. He needs $140,000 per month just to keep up with the $1.7 million owed by the end of November 2016. And that's if $1.7 million is all the note holders are demanding in cash. Schadel never actually says that. In fact, he said in the recent video that the note holders took a "haircut" off their expected return on the notes. When factoring accruing interest and fees it becomes apparent that Schadel owes far North of $3.5 million dollars in toxic obligations over the next 10 1/2 months. It's a good thing for his struggling promo campaign that he doesn't have to disclose his debt until April.

That is, total debt including $2 million in payroll taxes and various additional loans.