Replies to post #18507 on Labor Smart Inc (LTNC)

[sobe4life]

CPW13154 YOU ARE WROOOONG!!!

cpw13154

LOL First of all the few month thing is a joke. several were last year seven were in January and some were existing so I think we can stop trying to use this they are new crap.

Labor SMART ended their 2013 year with 14 branches. Any branch opened last year is figured into their Year over Year and same store comparisons. Really, all we have to do is a little due diligence in order to figure out facts from misleading and incorrect information.

cpw13154

With what this company was doing (THEY SAY) with the first 15 and the averages per store and what the newest 17 are doing tells everyone that there business plan has failed.

***I really appreciate the contradiction from the first statement to the second statement in order to prove my point!

This is what we should believe is a failed business plan:

2011 - $165,000 revenues (audited)

2012 - $7,100,000 revenues (audited)

2013 - $16,100,000 revenues (audited)

2014 - $25,000,000 revenues (projected) with the company showing $4 million in A/R, $1.5 million cash and positve EBITDA

Personally, I find it offensive to see misleading information put out about this company.

[1337trades]

There's so much wrong and inaccurate with this...i...mmm..yea..lol




Cpw13154 wote:
LOL First of all the few month thing is a joke. several were last year seven were in January and some were existing so I think we can stop trying to use this they are new crap. LOL as for revenues and how some business would be excited to have $400,000 for a whole year in revenue. Yup that's right if they were selling cookies in a mall.Do you think a business man who open up a new car dealership would be happy with $400,000 in revenue.With what this company was doing (THEY SAY) with the first 15 and the averages per store and what the newest 17 are doing tells everyone that there business plan has failed. Imagine this as well the 5th largest city in the U.S (HOUSTON) and they couldn't make a go of it there. LOL