Labor Smart Inc (LTNC)

[DD2Gain]

"Way too many assets"...do we not read filings????

LTNC has NEGATIVE $5 million equity and almost all of it is late debt to note holders and the IRS. It's damn near worthless. The only way Schadel has been able to sell branches is by keeping the outrageous debt. Now, there is less than 60% of the branches to pay for the debt. I'd say any moron could see that, but the CEO is at least one exception to that assumption.