Labor Smart Inc (LTNC)

[GrowthStocks99]

Float & Number of Shareholders are both stale data. Float is most likely a lot higher now than the 2.4 mm reported on Feb 13. Shareholder counts are not easy to get right. The 43 number probably is made of up the original buyers of stock. Go back to the original S1 SEC filing and you will see there were 34 original holders plus the CEO. So they probably make up 35 of the 43. The 34 bought their stock at .02 each. It was a technique for the CEO to go public and have the number of shareholders needed to get a market maker to register the stock to trade. If you ask your broker to send you your LTNC stock certificate you will be counted in the shareholder count. Otherwise the broker holding your stock is holding it in street name.

Looks like this stock could drift into the .20s range. Buyers that came in from the email marketing are most likely short term thinking. They didn't get a price runup and will probably be selling soon. I hope to buy their stock in the .20s if possible.