Replies to post #14281 on Labor Smart Inc (LTNC)

[jmurfk]

so when we receive a pr from our CEO when he says revenues were such and such that doesn't,t mean they were actually from that month

Yes. This fact kinda blows up all your "theories", lol. You didn't realize this? I mean, it's right there in the financials, lmao. Accounts receivable and revenue. Revenue is "income received". You can't say "they" inflate anything. They report and PR their revenues. They invoice, they receive income(revenue), and then they report. It isn't hard to comprehend, is it?

[nit2win]

Now this is alarming....

cpw13154

Oh I am convinced now. So let me get this straight so when we receive a pr from our CEO when he says revenues were such and such that doesn't,t mean they were actually from that month. Hmm. So that means actually they could inflate revenues in certain months by having multiple months of monies coming in. Wow what a country! Lol

If we can't comprehend the difference between when sales are initially recorded as an accounts receiveable and when they are
recorded as income received after the A/R has been paid by the vendor(even after it has been explain in elementary terms)
then I don't think we should be offering any type of investment advice as it is appears that there is no apparent ability to understand basic business acumen as it relates to LTNC and their industry.