Labor Smart Inc (LTNC)

[DD2Gain]

The TSGL "offer" is worthless. Let's see why:

The CEO of TSGL, Kimberly Thompson, is a former (current?) LTNC executive who was put in place by Ryan Schadel after taking control of the stock on December 31st.

When he took control, he sold ALL assets and liabilities to the former CEO who resigned thereby making TSGL a shell company.

TSGL revenues were collapsing and had 50% more Liabilities than equity with late notes and payroll taxes, so the assets could not have been worth much and not likely as much as the hundreds of thousands of dollars Schadel burned buying TSGL stock.

The cash Schadel claims to have been "offered" by his new subsidiary is contingent on a successful IPO. Since TSGL is not actually merged, even if Schadel gets his dream cash it will still be debt in the form of a "more favorable loan" that he still won't be able to pay while debt continues to build.

There was never a serious or even "competetive" offer for branches beyond his TSGL puppet. If there had been, he would have taken it. This is nothing but pinky games that Schadel is recycling.