Labor Smart Inc (LTNC)

[GreenHarvest]

My understanding is that Ryan reverted to The Staffing Group option mentioned in Feb 12th PR with $1.3 million in cash, $1.3 million in restricted stock of TSGL, and $1 million in a convertible debenture. He mentioned in a tweet that the reason he abandoned the new cash-only offer is:

Question: @CRyanSchadel what made you decide to take the TSGL deal over other offers?

Answer: @jodanledres cash is cash. You only get it once and u get 0 return on cash. The amt of cash relative to the return on ops just wasn't ideal (

@jodanledres cash is cash. You only get it once and u get 0 return on cash. The amt of cash relative to the return on ops just wasn't ideal

— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) February 18, 2016

)

Unless he negotiated a different offer, nothing has changed. Either way, what's remaining now is the actual execution.