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Re: New Guy Here post# 48615

Saturday, 02/20/2016 9:18:14 AM

Saturday, February 20, 2016 9:18:14 AM

Post# of 84332
The 706.8 million shares were canceled from the CEO's own shares, not sold. The quote below is from the PR on January 15, 2016 (http://finance.yahoo.com/news/labor-smart-inc-ceo-cancels-123614921.html):

In the live announcement hosted at Labor SMART's corporate office, Ryan Schadel, President and CEO of Labor SMART, Inc., cancelled 706,867,658 personally owned shares that were purchased in November 2015.


You can find the transaction itself in Table 1 in Form 4 here http://archive.fast-edgar.com//20160216/AP2CS62CN2229ZZ2222L2Z3ZHTSTZ2K27282/

For the event itself, refer to this Periscope:

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