Replies to post #17356 on Labor Smart Inc (LTNC)

[DD2Gain]

Literacy helps with investing.

I never said the receivable were factored in triplicate. I said they are borrowed against in triplicate through "factoring, convertible notes at 50% total premium/interest, delinquent payroll taxes"

1) Factoring is typical.

2) Convertible notes: are you saying they aren't issued based on anticipated revenue? That would leave only anticipated share issuance, hence the 1 billion AS. I could agree with you there.

3) Over $1 million in delinquent payroll taxes is because they were NOT in need of the funding to keep the doors open? How strange. Is that installment agreement paid off? No? Oh...