Labor Smart Inc (LTNC)

[DD2Gain]

Schadel wants to flat out lie, but he knows better than to put himself in any deeper trouble than he already is:

For the Quarter ended March 25, 2016, adjusted comparable revenue was $3.28 million versus $2.97 million for the same year ago period, representing organic revenue growth of over 10%. System wide Gross Profit Margins increased to 26.53% of revenue, compared to 26.05% in the year ago period.

vs.

System wide unadjusted non-comparable revenue for the Quarter ended March 25, 2016 was $3.33 million versus $4.71 million in the year ago period, when including operational results from five branches sold on Aug 12, 2015 in a deal valued at $1.8 million, one branch sold on February 19, 2016 in a deal valued at $677k, and discontinued operations from underperforming branches.

in the same PR.

That is awful and does not account for the fact that there are now only 13 branches vs. the 18 he is trying to sell as so phenomenal. Who includes liquidation cash in "revenue", much less the liquidation cash of 5 branches from 2015 Q3 in 2016 Q1 revenue????? What a JOKE!

WHERE'S YOUR 10K, SCHADY???