Labor Smart Inc (LTNC)

[Colonel_mustard]

Been hanging around here since 2012-2013 and I actually OWN shares. It was a kick in the gut when Ryan massively diluted shares, finding himself and Labor Smart in a classic death spiral. The hit to my investment was devastating as it was to many others. That was a huge setback and Ryan publicly admitted his mistake. As I am a "you are forgiven, go sin no more" kinda guy, I believe he's trying to make amends. What astounds me is the number of people who come back and spend much of their waking lives to continue to denigrate the CEO of a stock that is supposedly dead, never to come back. I don't get it.

A couple of things keep me here: 1. You can say what you want (and you'd be right) about Ryan diluting the daylights out of the shares at the time, but as money and shares were flying out the back door he was doing a phenomenal job acquiring new business. Before the sh-- hit the fan some branches were approaching or had even exceeded $2 million annually, and the company was doing over $20 million annually. That to me means he can make business come through the front door. If he's learned his Corporate Finance 101 lesson, it will take time, but he can bring this back. 2. I don't blame him one bit for going dark. It was just about the only option. Better to get your ducks in a row before you're ready to go prime time again (please excuse the double metaphor).