Labor Smart Inc (LTNC)

[GreenHarvest]

Assuming Ryan will be able to keep his word, what happened through the past 6 months from December 2015 to May 2016 and worsened by his reckless actions in the last 2 months can easily repeat for the next 7 months to enter 2017 at no bid. There are signs and those signs are not good. Ryan has failed to establish the normal relation between the company's good situation on the ground (assumed) and its stock. In fact the established relation is reversed. And if he failed to correct the situation in the past 6 months, what makes you think another 7 months will make any difference? In fact he worsened the situation because now investors are losing money when they sell because they expect the worst because of his silence and unexplained delayed financials along with a lot of questions that he doesn't want to answer.

Also the hype he did during that time is exposed for what it is, just pumping. No one believes him anymore because he has failed to prove what he's saying so those who followed him on faith are falling as they get tired of the nonsense he keeps pulling. The carrots he keeps dangling every now and then no longer work (remember the last acquisition trip?) because investors have learned the lesson form the ones he dangled before (app, acquisition, big contract, 1B certificate, call center, ...etc). In fact the no RS promise could be a carrot in itself that he won't deliver like the other ones. So he might be able to keep his promise of no RS in the coming 7 months but the current direction says that things could be even worse in 2017 and then he will be free to RS as he wants.

So the no RS promise is worthless without an immediate correction. And if the situation is to be corrected without damage to investors, it needs to be corrected RIGHT NOW to allow for enough time to adjust and reflect over a couple of months and give the PPS enough time to appreciate to safe levels before 2016 ends.