Replies to post #18938 on Labor Smart Inc (LTNC)

[Traderfan]

The fact that the company only has approximately 50 to 60 million shares outstanding and is trading under a penny with an incredible operating history is what separates companies from being considered overvalued and undervalued.

The problem is that within a few months this company will have several hundred millions O/S and then it will just continue to go up. The O/S right now "looks" good and that's exactly the problem. People think the stock was cheap at 02 which it was based on the then current O/S but many have no idea what it means to have toxic financing running high. I have seen companies go from 50 million shares to one billion in a few months. All the while the stock will lose 98% of it's value and the convertible guys will be able to continue to convert ever cheaper.

[cpw13154]

LOL WHAT ! Nothing negitive going on with the company. LOL May I refer you to the sticky I put up today. I think it shows a number of issues. And when we talk to the CEO as it sounds like thats all he is doing is talking to message board posters ask where the revenue figures are.LOL Is the PPS .007 did I see a bid of .0053?HMMMM