Labor Smart Inc (LTNC)

[lam86]

There are those that have been proclaiming for the past 3 months that this is going back to no bid "tomorrow." It has yet to do so. It has pretty much found a bottom at .0005. It has touched 4s a few times, but it's only there for a brief moment before climbing again. They claim that it's "tanking" when we see a single tick move downward, yet make no mention when it climbs a tick or more.

This stock sat at no bid for a year. No news. No movement. Nothing. Then over the past few months, we have seen so many things happening with this company. Ryan has erupted out of the shadows with a vengeance, doing everything he can to turn this ship around and fix his mistakes. We have seen ZERO reasons to be worried that we are being played. I will patiently wait for the first set of financials without paying any mind to those that spew nothing but negativity.

- Buyback of up to $2 million announced

- AS reduction up to 12 billion (as early as tomorrow per CEO...and of ALL 12 billion)

- CEO bought 2.7 BILLION off the open market and retired 700 million of those shares

- Remaining 2 BILLION are locked up and he can only sell 1% every 90 days...I feel good about that

- Skillcorps app has been presented and finishing touches are happening

- Relationship between LTNC and TSGL

- Reduction of branches for cash to eliminate debt and buyback shares

- Over $800,000 off the total toxic debt since the December CC


So many positive things happening, all led by Ryan. He led this company to a share price of $.70+, and I believe he can do it again. It will take some time, but I'm in this for the long haul. I believe that this stock will be life changing for anyone who sticks it out.