Replies to post #44805 on Labor Smart Inc (LTNC)

[ittybittystocks]

I have wondered same thing. Where is the money coming from? Could it be from angel investors that see potential of Skillcorps? It may be smoke and mirrors, but I'm hanging on and buying more when I can. The wheel has started to turn and we have huge upside potential! GLTA

[SIIX]

Well its not rocket science. As of the close yesterday the price of the burnt share would be over $1 Million US. The fact hedidnt pay a fraction of that shows his savvy business skills. he save share holders $$ and brought in value. I dont get it. you people cry the blues when companies sell toxic notes and you cry the blues when they buy back the notes because they are in a better position. i guess some will never be happy lol

[SIIX]

Well its not rocket science. As of the close yesterday the price of the burnt sharez would be over $1 Million US. The fact hedidnt pay a fraction of that shows his savvy business skills. he save share holders $$ and brought in value. I dont get it. you people cry the blues when companies sell toxic notes and you cry the blues when they buy back the notes because they are in a better position. i guess some will never be happy lol

Wasn't even close to a million dollars he burned up.

[Voxofexp]

What's unfortunate is that only a handful of people around here get that. The Balance Sheet don't lie and you can't get blood from a turnip. I'd bet that the next financials show a bunch of loans made from the CEO to to the company. We'll never know where the cash came from, but I'd also bet he's borrowing against his newly acquired stock and the artificially inflated share value he created with his non stop pump and PR scheme. Yes, it's just a theory, but much more viable than some "rich uncle" story. Nobody with a brain would throw money into this hole given the amount of cash they've burned in 4 years with still no sign of positive Operating Earnings.