Labor Smart Inc (LTNC)

[DD2Gain]

Well, plenty of negative predictions have been proven to be absolute bunk with regard to revenue and expansion, but it appears that LTNC's pps is behaving just like any other OTC company with convertible note financing. The company makes an unparalleled effort to pay off its bills, but the ones that have slipped by are obviously causing trouble with the PPS and the fact that MORE convertible note financing emerged from the 3Q10Q has also had an effect on shareholder confidence or we'd be seeing more buying at these levels. Sucks for the longs especially if the CEO can't figure out how to stay operational without engaging in convertible notes. Paid off or not, they are extremely expensive. On the other hand, I do see opportunity if timed well. My average is too high for the funds currently in to do anything but wait and see if things turn around, but I am now ready to play this stock like a penny stock with a modest amount and at least break even in the short term. 12 seems low. I think I'll wait and see what this does in the first week of January.

All the same, I am still holding out for a dramatic and permanent change for the better. Based on the CEO's Facebook page it looks like we might get news about New York. We'll see if that happens and what that's about.

$LTNC