No reasonable assessment should indicate that LTNC will have made money in 2013 in the sense of net income. That should not be expected if investors know what they are invested in. As for convertibles, my guess is another $150,000 will be added along with about $80,000 in amortization. There was still $250,000 available to draw from Vista Capital that bears no prepayment penalty, but the note matured on March 3rd, so maybe that got extended. We'll probably get news about older notes being paid off. More specifically, we need to see the February 25, 2013 and May 20, 2013 notes paid. The obnoxious tranches from JMJ will take a while (terrible decision by Schadel to use that one). Evolution capital has had about $65,000 paid toward it, so that one should also be fully amortized by now.
A lot of financial expectations here during a crappy time of year. The 10K will be interesting and I would definitely like to see the end of late filings.
$LTNC
News 
Market Data 
Discover 
