Labor Smart Inc (LTNC)

[DD2Gain]

1/4 billion shares diluted in February. In order to stop that dilution, which was occurring by more than one note holder, Schadel had to violate the terms of every single forbearance agreement he had in place and reduce the AS to 8 billion, which eliminated any reserve that is required by EVERY SINGLE NOTE. Notice how he hasn't spoken of any further negotiations? We can expect more lawsuits for his breach of contracts OR

Reverse split

Or...maybe the AS goes back up to 20 billion, but that would ruin any chance of a pump scheme.

He could go bankrupt, but then the IRS would have his ass for the $2 million he owes them.

RS is coming.