Labor Smart Inc (LTNC)

[DD2Gain]

So quick to gloss over the negative:

- AS reduction up to 12 billion (filed yesterday per CEO?)

The CEO CAN NOT reduce the AS due to reserve requirements on the $3 million remaining toxic debt. He can say he'll file all day long. In the end, he needs those shares available. Today's promotion is proof of that.

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

After MONTHS of silence, the CEO awarded himself a $220,000 bonus right before buying billions of shares at .0001/.0002, then tried to do a promo stunt by burning 700M shares he openly said he bought at .0001. THEN we found out he had actually diluted 1.3 BILLION shares between November and January.

- Remaining 2 BILLION are locked up and he can only sell 1% every 90 days

Yet, the pps is dropping. Oh, yeah...that's because of the continued dilution.

- Skillcorps app has been presented and finishing touches are happening

Yay...an app.

- Relationship between LTNC and TSGL

As of December 31st, TSGL is a shell company controlled by Ryan Schadel. So basically, Ryan Schadel is in a relationship with himself and that's just how he likes it.

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

Ryan Schadel has never committed the cash from branch liquiations to debt. In fact, 3Q of 2015 he sold 6 branches for $1 million yet the total debt increased (double payroll taxes payable to $2 million) and cash on hand ended up at just $130K. To date, not a single share has been bought back. Quite the contrary, the OS increased in February from 7.18 billion to 7.41 billion.

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

Oh no. Schadel said $800,000 in convertible debt extinguished. He said nothing about total debt, which we can expect has gone up as it has every single quarter since 2013.

Labor SMART, Inc. Extinguishes $800,000 in Convertible Debt https://t.co/haS1P8HjgM via @YahooFinance $LTNC

— Ryan Schadel - CEO of $MVCO (@CRyanSchadel) February 24, 2016