Labor Smart Inc (LTNC)

[jmurfk]

Dealing with cold hard facts, lmao. Okay, where to start;

We can see they have cut deals on there leases where they got free months or greatly reduce rates but they are soon to be making up for all those deals

In February and March, which is the first quarter, LTNC entered into 4 different lease agreements, where the first month was free. So, that was reflected in the first quarter. Since then, they entered into 6 more different leases. None of these had the first month free.

BTW, when leasing office space, it's common for the first month to be free. Also, you reference "greatly reduced" rates. What's your definition of "greatly reduced"? These are business leases. Most have rates that increase with each year at around 3%. This is normal. Haven't you ever heard of inflation? None of the rent is reduced. The lease payment are stepped up for additional years, lol.

Here's a cold hard fact, one of the lines from the 10-Q which explains the whole lease thing. As you know, most of their lease explanations read this way. Greatly reduced, huh, LMAO. How about Normal Business Lease.

On February 27, 2013, the Company entered into a 37 month lease agreement with Ross Properties, LLC, commencing March 1, 2013, to rent office space at 4424 Taggart Creek Road, Charlotte, North Carolina. The Company is not required to pay rent in the first month of the lease. Thereafter, monthly lease payments, including initial estimated monthly operating expense payments, are $1,408 with an annual rent escalation of 3% per annum.