Labor Smart Inc (LTNC)

[GrowthStocks99]

Today's fluff PR piece will not fix the problem.

The problem is the market is unable to absorb the volume of free trading stock without falling substantially. It doesn't matter if the free trading stock is converted stock or other stock (e.g. tax loss, consultants stock, impatient pump buyers...).

And it looks like we might continue to see more converted stock hitting the bid.

Ony 5 of the 13 convertible notes have been paid. 3 of the notes are partially converted. When is the other shoe going to drop?

Last two weeks of trading:

Dec 9 to Dec 13 - stock drops from 32 cents to 25 cents on volume of 190,900

Dec 16 to Dec 20 - stock drops from 25 cents to 19 cents on volume of 612,500

It looks like converted stock will continue to be a problem with such an illiquid stock.