Labor Smart Inc (LTNC)

[jmurfk]

Due diligence on the temporary labor industry shows that it is commonplace for small to medium size businesses to factor their receivables in order to give them immediate access to monies necessary to fuel their growth

Exactly right. Many smart growing companies lease offices. So when it comes to collateral, it's usually based on receivables or other types of non-tangible things. You must have half a lick of business knowledge to realize this, lol. Sometimes they use receivables, or contracts, etc. It's normal business.