Replies to post #18023 on Labor Smart Inc (LTNC)

[sobe4life]

GROWTHSTOCKS99 YOU ARE WRONG!!!

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.

Three problems with this great conspiracy theory:

1). The note as a whole equates to $1.1 million dollars but that is not how much LTNC has received to this point. There was to b an initial tranche and then subsequent payments made over a period of time. DUH!

2). A note holder rely's on Rule 144 in absence of a Registration Statement in order to convert and free up shares in a company. In order to do this 6 months must pass before the note holder can have a restrictive legend removed in order to sell. It has not been close to 6 months yet. DUH!

3). The note has an amortized provision which gives LTNC a floor of .15 cents on the conversions. DUH!

Good try, but we should have a better comprehension of SEC Rules and Guidelines before things are simply made up.