Labor Smart Inc (LTNC)

[Trth4Sail]

I shared this breakdown earlier, but seems more eyes are on us now so I will share it again. I broke this down for a shareholder that asked me where I saw this short term!

It was based on an earlier weekly revenue so it is apparently a little low even as a LOW target with the now reported $1.14 million for the month of March 2013

The SS is the same with the exception of about a 125,000 increase to float)

They have 8 branches now and the $250k for record week revenues was before the 7 and 8 branches were operating

So basically 6 branches cleared about $40k a piece (for a week) meaning 8 will clear more than $350k!

So monthly revenues will be MINIMUM $1.4 million until further 10 branches open up sometime this year.

Once all 18 are open (by eoy) figure $40,000 per week x 18 branches x 52 weeks and revenue should be about $37,000,000 annually!!

Now take the revenue of $37,000,000 divided by the OS of 18,557,000 and get a BASE PPS of $2.0175

Add in a 3x growth rate by taking that $2.0175 x 3 = $6.0525 and then divide by 2 to get what I consider to be what most investors are willing to pay (ahead of actual growth) and I come up with a PPS of around $3.025 by years end!

$LTNC