Replies to post #17493 on Labor Smart Inc (LTNC)

[sobe4life]

Sorry but you have the wrong information.....

DD2Gain

Paying $1.7million on $1million is "nothing".

I'm not sure where you are getting your information but the above statement is absolutely incorrect.

Under the terms of their Agreement and because Labor SMART has been compliant and current with the tax obligations, the IRS has abated the penalties for the monies that were owed when they fell behind one quarter. Additionally, they are paying 3.3% interest on monies owed for that quarter.

Sorry, but that does not equate to anything close to $700,000 in interest and penalties.

[cpw13154]

Interesting news and a poster who tried to buy and couldn't hmmmmmm