Replies to post #50254 on Labor Smart Inc (LTNC)

[DD2Gain]

2013: $1M late payroll taxes. 2015: Payroll taxes payable double to $2 million.

Make no mistake about it, the IRS has become increasingly aggressive in their efforts to identify payroll fraud and collect payroll taxes, and has recently increased their pursuit of criminal prosecutions and incarcerations.

Payroll taxes are considered a trust tax, because it is the employer’s responsibility to collect federal income tax withholding along with Social Security and Medicare taxes and unemployment taxes and pass this on to the IRS. Many states have additional withholding requirements for various employment related taxes, such as contributions to a worker’s compensation fund. Willful failure to withhold or to avoid paying payroll taxes (or pay over trust fund taxes) can result in severe penalties and even jail time.

http://www.fiskeco.com/news-room/non-payment-of-payroll-taxes-could-mean-prison/

[johnbbad]

Just a thought here...but after observing CDEL on level ll for quite a few days it appears their ask never goes below 27M @.0006 even on heavy trading days. Is it possible he has an AON order in for say....27M which would keep the price at or below .0006 unless someone would put an order in to buy up that fairly huge amount. Who would benefit from keeping the share price low at this time?

CDEL may be doing the same thing with the bid to keep it from going too low.

I see NITE has large amounts today also at the .0004 bid and .0006 ask but don't know yet if those amounts will change as not enough volume today.

Anyhow....just a thought...