Replies to post #17036 on Labor Smart Inc (LTNC)

[sobe4life]

DUH???? SERIOUSLY? Hahaha........

DD2Gain

Do us all a favor and acknowledge that an AS of 1 billion from 150 million means two things:

The current KNOWN convertible debt won't be covered by 150 million shares JUST LIKE THE CEO SAID.

THERE IS MORE CONVERTIBLE DEBT TO BE REVEALED IN THE NEXT 10Q... "DUH"

I believe that the press release was clear and concise in the explanation of why the company was increasing their A/S.

For anyone who happens to know investment banking and how these hedge funds draw up terms to their notes, it is an ABSOLUTE condition with every fund that the company hold in reserve 5 times the amount of what shares have been extrapolated for the potential conversion of the note.

Obviously, as the price of the stock has declined, it has caused a domino effect with LTNC maintaining good compliance with their Agreement's, as it relates to these reserve shares.

These reserve shares are allocated out of the treasury and are not issued.

Better attention is spent to the company's shares outstanding and float. That is the only thing of significance NOT this A/S baloney. DUH!