Replies to post #17641 on Labor Smart Inc (LTNC)

[sobe4life]

That's right.... An Uplisting

The share price is the absolute least of their concerns. Once they meet the criteria for an uplist on to NASDAQ or (more likely) AMEX they will have ZERO problems in having a registered broker dealer give them retail market support.

You see, the is a distinct difference between a company trading infinitively on the OTC and a company that meets all the requirements EXCEPT for the price of the stock.

That's why I say once they are prepared and announce their intent to uplist this company is GONE!

That being said, the smart long term investor is paying attention to their operations and not their stock price.

[1337trades]

This is not entirely accurate:

Just one of the requirements is a 4 dollar bid.

There are options that allow an up list with lower than $4 per share price.

I don't think anyone should expect an up list announcement anytime soon and I hope no one is suggesting that because this company has a lot of work to do before that will occur. However, just because the stock is at .025 today doesn't mean it won't be at $3 in 2 years. The stock is cheap now. Yes there's some dilution. The management seems aware and sensitive to this.

IF the company reaches a point where they have positive unleveraged cash flow, I expect to see them buy back all this cheap stock. The potential is there. Doesn't mean it will come to fruition but it's there. That's what OTC investing is all about.