Labor Smart Inc (LTNC)

[lam86]

Never could understand why people made a big deal about a buyback anyway. Wow so it still is in the billions and billions.

A buyback is a major step in correcting the share structure. The only way to get it back where it used to be quickly would be to do a reverse split, and Ryan has stated several times that an RS is not beneficial to LTNC or its shareholders at this time. So yes, even after he completes this $2 million buyback, the SS will still be high, but it will be a huge improvement as to where it is now. Then Ryan will be able to focus on fixing it even more. It's a process, and a time consuming one at that.

And if he were buying you can bet we would hear about it minute by minute.

If Ryan provided actual proof that a buyback was happening, you can bet that the PPS would rise. A rising PPS would mean he would be buying fewer shares for his money. His best bet is to buy as many as he can for as cheaply as he can before we see a filing that includes buyback information. Let's not be foolish in claiming that because he hasn't provided proof that it's not happening.

SO sad how desperate things have got for those who overpaid for shares.

Is that really more desperate than people who, claiming they have no position and no interest in a stock, sit and nit-pick a trip-zero stock all day, day after day after day claiming its demise when it hasn't happened?

Wow give him credit he knew people would fall for his same ole same ole crap.

Falling for his same old crap drove the PPS up 1300% in a very short time. And it is still currently up 500% from it's stint at no bid. It was sitting 700%-800% up before that ridiculous PR last week. I believe that if it wasn't for that PR, we'd still be seeing 8 and 9's, at least. Now I think the only thing that is going to make this climb is the release of financials. So until then, I will gladly hold my shares and await more great news.