Replies to post #18055 on Labor Smart Inc (LTNC)

[sobe4life]

I am wrong? Hahaha.... NOT!

I think we need to learn how to read a document IN FULL before we start going around calling me wrong!

There is a provision that provides for amortized payments. If the payments are made then the conversion reverts to a floor of .15 cents. Labor SMART has more than enough revenues to cover any amortized payments for monies already invested.

Not that it matters at this point anyways, since the note isn't even 90 days old and any payments made can't convert for another several months! DUH!!!

[DD2Gain]

There is NO "FLOOR" of .15 to ANY LTNC convertible note!

I have tried to explain this numerous times, but it's like talking to bricks.

All LTNC notes carry a provison to convert at some percent of the lowest average price over a given period....right on down to the trips if necessary. The note holders do not lose ANY money so long as there are (oh let's say a billion) shares to convert into and fools willing to pay the premium for this "undervalued" stock.