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DD2Gain

07/22/14 9:36 AM

#15779 RE: kmikesara #15778

Well...yah. LTNC is on the hook for a lot more than their original obligation. That is a fact of being delinquent with the IRS no matter how little the company discloses of the arrangement in public reports. We can expect the cost of being late and having the blessing of a payment plan to be 25-50%- not much different from LTNC's usual financing. So, no LTNC is not currently with payroll taxes. They won't be for at least five years assuming all this wonderful "financing" through the IRS keeps their desperate operations afloat. They may...MAY...be current with 2014, but over 70% of going on 3 years of operating history points to a very different expectation. I used to say the whole "time will tell" line with this company. Time has told and LTNC has a lousy story. Sorry that you're long here, but your best bet is to try to average down before the typical penny spike and then sell. As I've said before, I don't expect a good entry point until 10 especially as potential clients get wind of the epic financial instability of this company. The liability of being associated with a company that is on the brink of not meeting payroll because "no other financing is available" would be damned foolish for any sensible business to get involved with.

janeyH

07/22/14 12:54 PM

#15782 RE: kmikesara #15778

"not a concern to clients" - that is just plain stupid