Replies to post #25405 on Labor Smart Inc (LTNC)

[tradehax]

Command Center also reported it submitted a notice of default and demand for payment of $305,429 to Labor SMART on May 26. The demand was made under the terms of a note issued by Labor SMART in 2014; Command Center purchased the note on May 22, according to the filing.

However, Schadel said Labor SMART has not received any default notice and is required to file a disclosure with the SEC within three days if it had.

“From a factual standpoint, Labor SMART has not acknowledged receipt of any legitimate default notice from any noteholder,” Schadel said.
- See more at: http://www.staffingindustry.com/Research-Publications/Daily-News/Labor-SMART-rejects-acquisition-deal-default-notice-in-dispute-34215#sthash.ylXZJfA5.dpuf