Labor Smart Inc (LTNC)

[GreenHarvest]

The float has supposedly changed. If we consider the shares that should be out of the float during the past two months, part by Ryan's own shares and part by the increase in shares held by strong hands, I believe it's safe to assume that 50% of the float has dried out in the past 2-3 months. If the share price is still suffering after all that then there could be something wrong. There have been stories about companies that went through similar situations where its performance and share price were living in two unrelated worlds. In one of the stories, the CEO didn't know where the shares dumping in the market are coming from but he was certain his company didn't issue any! He eventually found that naked shorting was the reason.

I'm not trying to scare anyone but a red flag should be raised here. Besides managing the company, Ryan should investigate its stock trading too to find if something wrong is going on and rectify the situation if needed because correcting such problems when it's too late usually comes with a severe price to the shareholders. The last thing the shareholders want is Ryan going through a second wave of admitting a mistake (by not investigating the trading of his stock) and then promising to correct it again.