Replies to post #26595 on Labor Smart Inc (LTNC)

[trader guy]

That suit will go no where. The reason for the delinquency was inadequate shares in the A/S to do conversions. They increased the A/S and solved that problem. Command Center acknowledged the solution and converted a portion of the debt into 295M shares. I posted the 13G link and thought you would have picked up on that fact. Command Center is free to convert the debt as they can, as long as the shares they hold don't exceed the 9.99% of issued, as per the note. They don't have the option to demand cash payment. That is LTNC's option but not CCNI's

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10751815