Labor Smart Inc (LTNC)

[I-Glow]

LMAO!!! How in the hell can it be a "arms length transaction" between LTNC and TSGL when the CEO of LTNC is a major shareholder of TSGL - that is complete nonsense.

Talk about red flags and the securities violations alarms going off.

This stuff is laughable to any serious investor:

LTNC effectively has controlling interest in TSGL, and has an arms length transaction with them for approximately $1.3 million in cash, $1.3 million in restricted stock of TSGL, and $1 million in a senior secured convertible debenture with a maturity date 24 months from the closing date of the transaction. Labor SMART, Inc. would retain its open accounts receivable at time of close and would continue to operate its remaining branch locations. The six branch locations included in the sale would continue to operate under the laborSMART™ brand and no staff changes would be necessary.

Hmmm, oh Schadel Tweeted the following:

Ryan Schadel
?@CRyanSchadel Ryan Schadel 23 Dec 2015

Big #Congratulations 2 Kim Thompson ($LTNC COO) on board appointment 2 $TSGL. She will #represent shareholders well!

Oh Yeah, a real arms length transaction.

IG