Labor Smart Inc (LTNC)

[cpw13154]

lol Well lets se he has the 3 places in Florida that all the gross profit will be eaten up. so have to absorb all those expenses has a number of new places that aren't carrying there weight so have to eat that. So what do you do to tighten your belt oh I know lets take the already low margin and give even more of that away by selling our receivables to a what can be best describe a title loan place. Do we know what % they take from the receivables? Wow so much for anyone saying they are funding themselves. Only surprising thing is he doesn't seem to be using stock. YET!!! LOL and actually if it were up to shareholders bet they would rather he use some of the stock as opposed to paying a high rate to borrow money