Labor Smart Inc (LTNC)

[GrowthStocks99]

BuyLowIsGood, Here is some info on the converts and other dilution to shareholders.

BuyLowIsGood wrote:
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Any idea how many more converts there are?
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The latest 10Q lists $1,205,794 in convertible notes payable. If converted that could amount to around 10 million new shares. The company also pays consultants with free trading stock. 800,000 shares were issued for their services as listed in the 10Q. Quite a bit of dilution is going on.

If LTNC is unable to pay off toxic debt before it converts we will all be swimming in plenty of new dilutive shares.

This might be a good business with potential but I don't see the PPS going anywhere but down for quite a while. I would wait to buy stock from the converters at much lower prices.