Labor Smart Inc (LTNC)

[DD2Gain]

You mean I missed this?

The company is nearly bankrupt:

$3 million in LATE toxic obligations
$2 million in payroll taxes payable ($1 million from 2013)
5 MILLION in NEGATIVE equity
On track for $4 million in losses this year with $11 million total already.
Revenue averaged per branch down sharply.
$130K cash on hand per the last Q.
7.3 BILLION OS with 20 BILLION AS.

Public record is that the company has shrunk from 30 to 20 branches and maybe even down to 19 if we look at the website's location map.

One would do well to review the 2014 Q1 and Q2 reports to see the late 2013 payroll taxes and then at least acknowledge that 2015 payroll taxes payable were last reported as twice as much.