Replies to post #11177 on Labor Smart Inc (LTNC)

[pennystockmentor]

maybe actually try and create a business?

I literally ROFLMAO when I read this. If other OTC companies built their businesses half as well as LTNC the OTC market would not have such a bad stigma.

Actually try and create a business...OLOLOLOLOL

[nit2win]

Yes.... Labor SMART has shown Stellar Performance!

Let's just seperate facts from fiction with these statements...

cpw13154:

Stellar performance? Really? I guess if you went by there revenues I might see were some might get confused and think this company was stellar. But then all it takes is to look at the financials and that puts an end to any notion that this is STELLAR.

No, actually the revenues are only a part of why Labor SMART's performance is stellar. We should also look at:

Triple digit growth going from one small operation with 2 branches to 14 branches in 18 months.

Agressive expansion into 9 states strategically covering the southeast portion of the U.S. while continuing to establish a national footprint.

The accumulation of $2 million plus in assets.

The creation of a dynamic corporate infrastructure created with seasoned professionals with proven track records that specialize in the On-demand labor industry.

cpw13154

Look at the rate of interest they have to pay just to get borrow money. Really 12 % WOW!

WOW??? This company is less than 2 years old. Traditional bank lending is tight and companies that do not have a long or established history rarely qualify for traditional loans nowadays. To continuosly state that paying 12% on a loan is the same as paying "loan shark rates" is borderline ignorant if you know business and also know what is available out there in the market. Regardless, I fail to see the overwhelming negative that a 12% loan has and why it would consitute being brought up a hundred times on this board.

cpw13154:

Wonder why the broker they lined up and bragged about securing to float loans to them backed out. HMM suppose they might have got the real skinny on the company and said hell no!

Well now, I have seen this statement time, and time, and time again. And yet, everytime I ask for proof I am ignored. This statement is 100% false and completely fabricated. This is one of the inherent problems when there is no accountablility for false statements purposely being made. It allows for this type of illicit behavior. Unless statements can be proven when asked, they should be considered garbage. IMO

cpw13154:

Why is it when we talk about these record revenue figures we never here about increases in same facility. Why because the only reason for the revenues is they added more venues.

Well, actually that is not correct. For the last 2 months the company has not added any more branches, yet has posted record weekly and monthly revenues. That means that with the same amount of branches over the last 2 months, the company is continuosly showing stronger and stronger results. Proof that their business model is working and successful.

cpw13154:
How is it despite bragging up all these revenues they were unable to pay payroll taxes on time and were forced to pay penalties?

Well, I do not run this company. But if I were a betting man I would bet that the fact that this company is doing business in multiple states within multiple municipalities with varying costs and guidelines, had something to do with it. I see lot's and lot's of complicated and paperwork intensive issues with this type of business. Mix all that together AND no in-house accounting staff (until most recently), and I could see something like that happening. However, just because a company is late in paying some payroll taxes is not the end of the world. Especially, when that company is showing the type of exponential growth that Labor SMART has been constantly showing us.

cpw13154:

Ever wonder why just before the put out the notice that there financials will be late again they do these pump and dumps?

Again, more completely fabricated statements. This company has never done a "pump and dump". A "pump" is not the same as a company legitimately attempting to attract investors through the marketing of their company based on milestones achieved and facts. It is a shame that a real company cannot go out to the market and advertise themselves without this type of illicit accusation. Pumps occur on "fluff, inuendos and pipedreams" in order to create an artificial market for the purposes of creating liquidity and eventual dilution. The facts show that Labor SMART has not diluted their company, so there is FACTUALLY never been a "dump". Of course, this has been explained many times but continues to be ignored.

cpw13154:

Ever wonder why if they were legit they didn't use this money they spend to lure new investors into actually advertising in the towns they were in to I don't know maybe actually try and create a business?

Actually, Labor SMART was servicing approximately 300 clients at the end of 2012. The are now servicing over 1,000 clients and we are not even close to our year end. Seems to me like they are doing a great job in attracting new clients. The facts don't lie!

I think it is pretty obvious what the facts of Labor SMART are. Unless you are "colorblind" I think that it is easy to see where all these negative comments are coming from and how credible they actually are.

Just my humble opinion!