Replies to post #57319 on Labor Smart Inc (LTNC)

[I-Glow]

Schadel coerced Kim (TSGL) into getting a $3 million line of credit from the toxic financier - TCA.

Knowing that TSGL can't possibly repay the loan - and TCA is very litigious and will file a breach of contract lawsuit one minute after Kim/TSGL fails to make a payment.

This looks very bad since the TSGL CEO is the LTNC COO and Schadel is the majority shareholder in TSGL.

That is certainly a incestuous relationship between the two companies and Schadel wasn't truthful about it being a arm's length transaction.

IG