What "we" do know is that Ryan's statements about negotiated agreements for payments on debt are in fact true. This is substantiated by the A/S, O/S and price/trade action over the past few months.
I am sharing the following information and personal opinions to other LTNC shareholders who may benefit from my DD (and possibly from my opinions). This should be treated as my opinions only, this is not advice, do your own DD and make your own investment decisions. For non-shareholders and others... I do not care what they may think or opine, so it is fine with me if they ignore or choose to comment - I will mostly ignore any comments that are just a repeat of the same doomsday POS scammer Schadel variety that I've seen posted numerous times per day over the past several months.
I had another conversation with the TA (spoke with Chris). The only thing he could tell me is that the added 60MM shares (to O/S) did NOT happen today... so this could have been any time since the last reported 7.41B O/S.
I also had a conversation with Ryan this morning. I have no inside information, and nothing earth-shattering to share from that, only that I remain as confident as ever.
The recent ~60MM share increase is not good to see in the sense that no one wants the O/S increased. However, it's good (IMO) in that it provides very useful and confidence-boosting information... the fact that some shares are available in the SS - over 500MM still - and that some shares, though very limited, apparently have been converted shows that the bulk of the debt is being paid back on terms other than conversion to common stock. If this were not the case, we would have seen the entire A/S chewed up. But, as stated, there are still 500MM+ shares authorized that have not been issued. And 60MM shares is less than a single day's volume, given the 81.5MM 10-day daily avg.
We had a situation with "rogue" share conversion a couple of months ago. As much as Ryan has made every effort to control this... it still happened. We have the situation with this "goofball" Maese. Again, Ryan is making every effort to control it - Maese had not satisfied the AI verification request in order for Ryan to comply with CFR rules/regs. Whatever the situation with the ~60MM O/S increase since the last stated 7.41B O/S, it is small compared to the 2.7B shares Ryan purchased personally (including the 700MM shares that he gave back / cancelled / burned), the $2M ongoing company buy-back, and the ~$100K monthly debt payments... not to mention numerous other actions and accomplishments that have been recently adding significant value to the remaining common shares of LTNC.
Everyone is keenly aware (IMO) that the current opportunity for substantial profit-making on LTNC as the share price corrects upward exists only because of the previous drop in the share price - due to the fact that the toxic debt piled up, the pps hit the basement, and the fact that the company has been executing a strategy that has CEO Ryan deeply involved AND PERSONALLY INVESTED (financially and otherwise) all hours of all days going back to November.
There are numerous creditors holding debt, and the the company is currently making cash payments of ~$100K per month. The ongoing "cleaning" of the share structure will ultimately help to accelerate this. As the company is making great progress in improving financial health and the value of the stock - which will certainly help to ensure that ALL creditors are paid, in good faith, and under the terms of negotiated agreements - some may become emboldened to make attempts to "improve on their returns" - this is the penny stock market, and some lenders are worse than toxic. I'm sure this is part of the reason that Ryan is very motivated to complete the whole process of share structure and debt cleanup, and accelerate it in every way possible. This is a very good thing for shareholders.
I am confident that when we see the 8K within the next day or two (within 4 days of last Friday) - to formally report the 'material agreement' information to shareholders and the public - we will again see buying pressure and action as restrictions are lifted for company buy-back and insider buying... and corresponding upward price pressure.
$LTNC long and strong! GLTA LTNC shareholders
