The Staffing Group Ltd. (fka TSGL)

[I-Glow]

Kimmy also used well known toxic lender TCA for a $3 million line of credit. The first Tranche was $1.3 Million all of which went to Schadel/LTNC. Kimmy was supposed to make the first payment to TCA on October 5, 2016. Plus, Kimmy did the following for the TCA loan:

We also agreed to pay TCA an advisory fee of $750,000, payable in shares of the Company’s Series B Preferred Stock.

This was very poor judgement from a CEO you claim has so much experience:

2. Kim has over 20 years in management experience. a lot of which she was managing over 40 million in revenue on the books for a large roofing company. She has 3+ years with LaborSmart before moving to TSGL, and most importantly she is very well versed in workman's comp which is a huge asset to any labor staffing company. Workmans comp can either make or break a staffing company, so she was the right choice for the job.

IG