Replies to post #18014 on Labor Smart Inc (LTNC)

[cpw13154]

I think as you have said all along the answer will be in the upcoming financials where we will see so much more toxic financing. But looks like some would have us ignore the financials and just take the CEO's word on everything. I guess they should come to you to see what experience you had with the CEO.

[GrowthStocks99]

Well DD, I'm Thinking There Might Be More Going On Than Meets The Eye.

One diluter blows the price to hell? Hmmm...

There is so much stock sloshing around these last few weeks. One diluter? Doubt it.

I have been rereading the SEC filing for the 1.1 million dollar note. You know how LTNC is good with wording. It might be possible that the dilution stock is coming from the 1.1 million note being repaid with 40% discounted stock. I wonder if this might have been going on from the start. These guys could be the heavy diluters. The stock was about 19 cents when they showed up. The transfer agent is instructed to issue them stock without any restrictive legend placed on the shares. Is it possible that the 1.1 million guys are in effect doing a secondary offering for LTNC in their own special way?

We will know in 10 days or so with the 10Q.

From the SEC filing:

"The Company may make payments on the Debentures in cash (in which event the Company will pay a 30% premium) or, subject to certain conditions, in shares of common stock valued at 60% of the lowest volume weighted average price of the common stock for the 20 prior trading days."

DD2Gain wrote:

I'm still trying to figure out how just one diluter is responsible for the 2+ month plunge. The Asher loan was likely satisfied some time ago and I see many more loans converting according to the filings