Replies to post #51523 on Labor Smart Inc (LTNC)

[Investor2323]

NO MATTER WHAT ANYONE SAYS NEGATIVE. .. THEY CAN'T STOP WHAT'S ABOUT TO HAPPEN HERE.. THIS IS ABOUT TO EXPLODE UPWARDS. .. GOOD LUCK TO ALL THAT DOESN'T GET IT.. YOUR PRIDE WILL BE VERY HURT ONCE THE MM'S LET THIS BABY RUN ITS COMING ;)

[lam86]

As I have said before, those that require proof from the financials know that we cannot present any as no financials have been released since all of these current changes have happened. All you are doing is putting doubt into any newcomer's mind. All the financial documents show where LTNC was at rock bottom. But here are things we DO know and can provide...

- A/S reduction of 12 billion (20 billion to current A/S of 8 billion)

- CEO purchased 3.1 billion shares off the open market and has retired 700 million of said shares

- CEO is making cash payments to note holders thanks to all-cash agreements that negate any conversion rights as long as he remains current (per CEO, almost all note holders fall under this)

- A $2-million buyback has been authorized and the CEO has stated it is under way (of course, this is something we cannot prove until either financials are released or he decides to submit a filing)

- The Skillcorps app is about to be in beta testing, and if successful, could do wonders by providing revenue with little to no overhead


So no, until financials come out, we cannot provide "proof." But you are also unable to deny anything I have mentioned above.

[cpw13154]

OK maybe you can answer this as no one here has been able too. How is it when we do look at the financials we see $130,000 cash in the bank and yet his tax burden alone is 2 million. He shows using company money to buy hundreds of thousand's of stock in other company's, he awarded himself a $220,000 bonus, revenues are so bad that 30 branches in 2015 took in less revenue than 15 branches in 2014. he onces had 33 branches and now is down to 18 and is in talks with someone to dump 6-8 more, this is the slowest time of the year. He can't borrow funds well shouldn't d=say can't as we saw on the financials he borrowed $175,000 at the rate of 59% and had to agree to pay daily. So my question is where is all this money coming from?