Replies to post #15848 on Labor Smart Inc (LTNC)

[DD2Gain]

I am serious...SIMPLE DD:

You boast about an incredible $2,209,702 in revenue for June 27, 2014.

What was it for June 2013...anyone? Does anyone do DD on this board anymore? I do.

14 offices did $1,455,145 for June 2013. That means if revenue was flat for the first 14 offices the newest 15 offices did $754,557. BUT WAIT, the June 2014 PR stated that the average weekly revenue for the first 14 offices was $32,043 per week x 4 weeks = $1,794,408. That means the 15 newest branches did a PATHETIC $415,294!!! In January 2013, 6 office did $580,556. What a joke to boast about $2.2 million for last month!

To elaborate further:

May 2014, 29 offices did $2,647,061
May 2013, 14 offices did $1,578,503

Oh, I know. It's a 5 week month vs. a 4 week month, so let's look at percentage increase then.

The increase from May 2013 to May 2014: 68%
The increase from June 2013 to June 2014: 51.85%

The May 2014 PR stated:

Labor SMART, Inc. May 2014 Revenue Tops $2.6 Million
Company Has Exceeded $9M in Year to Date Revenue as Historically Strong Months Commence

Strong months commence??? This year is turning into a complete flop and it's no wonder when then CEO sees financial obligations as an optional nuisance.

As for the $15,000 "drop in a bucket" per month...what's the net profit again? Where's the spin?

[cpw13154]

Lol drop in the bucket. Really haha do we even look at the financials? Do we see how much they lose on every million in revenue they have.lets look at it this way if these huge gross numbers were also showing profit would there be any need to forgo paying there taxes with funds that were not there's to spend.