Replies to post #48848 on Labor Smart Inc (LTNC)

[tantalos60]

I own shares in LaborSmart.
Labor Smart owns controlling interest
in TGSL.
TGSL is purchasing 6 branchs from Labor
Smart.
We get 30% of revs.
We get the cash to eliminate debt from
LTNC's books.
It is all about the cash and clean books.
Peace, j

[DD2Gain]

Everything you said is completely fabricated.

A. The 6 branch "arms-length" sale has not been completed.
B. The sale is contingent on successful pending IPO since the company has no assets, which is something Schadel made sure of after selling all the assets to the outgoing CEO on December 31st..
C. Schadel didn't pay off any debt with the $1 million transaction he made in June, so what makes anyone think he will do it now? In fact, Schadel made no mention whatsoever of what happened to that cash, but the Q showed that hundreds of thousands of dollars were spent on outside ventures and a handsome $220,000 bonus to himself.

The end of year bonus must be awesome if $220K is what he gets in the middle of the year on a no-bid stock with millions of dollars in late debt to note holders and Uncle Sam.