Replies to post #16032 on Labor Smart Inc (LTNC)

[sobe4life]

SEC Rules and Guidelines are NEVER subject to interpretation. We are expected to accept what they determine their rules and guidelines to be factually.

So while we can ignore them, or just plain not accept them, what is not acceptable is to pretend they don't exist, so that we can prove a personal and biased point. Nor, should we be making any type of implications pertaining to fraud or deception, when in fact, all SEC rules are being fully complied. They are the ULTIMATE decision maker when it comes to what they believe full disclosure to an investor should be.

The SEC is very clear that when asking questions regarding the backgrounds of individuals on S-K Registrations, they want to know within the last 10 years.

Labor SMART's S-1 Registration Statement was no different.

Maybe, they too, could give a rats ass about what someone did as a teenager.

JMHO

[kmikesara]

never and ever are absolutes, so we can agree to disagree and that's all this subject is worth. But as I understand it the underlying crime was armed robbery involving police pursuit, so even though obviously Ryan has outgrown that, his impetuousness and drive to succeed come what may is an issue.

The payroll tax maneuver is a classic example. I have defended it because I know he deliberately used the payroll tax money to grow his business, betting that he could settle up with the IRS at less cost than the usurious convertible loans. But those who see it as crossing the line are not out to lunch. In the end, the final judge was the IRS and they took the long view that it was better they keep LTNC in business, especially the business of getting people employed, in order to collect than putting it out of business just to punish. I think the judgment of the IRS is what counts.