Labor Smart Inc (LTNC)

[DD2Gain]

What Ryan Schadel should have said, BUUUUUT

couldn't because it would crush his sophomoric attempt at a pump:

Revenue for Q1 plummeted $3,857,000 YOY to $853,000 vs $4,710,000 in the year ago period. This 82% drop in revenue is due primarily to me being a complete fraud who doesn't give a rat's ass about shareholder value. I have stated on Twitter that "99.99999% of ppl who trade/invest OTC don't know what picture they r looking at in 1st place", so I'm going to use that to my advantage and try to convince people that $2,470,000 from liquidating branches (including accounts receivable...lol) is actually NEW revenue and include that in my total revenue of $3,330,000 for Q1 2016. So what that $1,800,000 of that is from Q3 of 2015 and that losses have increased by millions despite the cash generated?...OTC investors don't know what the hell they are doing and my "voodoo math" is super amazing so long as I don't file audited financial reports that expose me for the fraud that I am.

Oh, and that little thing about 18 branches being responsible for that pathetic performance...let's just keep it between you and me that I'm now down to 13 branches, m'kay?

Instead, he shamelessly puts out an embarrassing display of his accounting "magic" that defies any sensibility. He's a grown-ass adult throwing glitter in an attempt to create a David Copperfield finale:

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.

WHERE'S YOUR 10K, SCHADY???????