re: New penny stock LTNC, just bought 8000 shares at $0.03/share

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the stockwits link is saying this going to .10 in 5-7 days

whats the plan with this?

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Pretty sure I’ve never seen a stocktwits thread for any company that didn’t say their stock was going to 3x-10x next week

Labor SMART, Inc. (LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and transitioning into a diversified holding company, today provided the following background and details in compliance with Regulation FD (Fair Disclosure).

Background

Labor Smart, Inc. was incorporated in the State of Nevada on May 31, 2011. On January 30, 2020, the Company's corporate charter was re-domiciled to the State of Wyoming due to cost concerns.

Labor Smart, Inc. was founded to provide dependable temporary staffing solutions to SMB's and Fortune 500 Companies via its network of staffing branch offices.

On March 27, 2016, the Company filed Form 15-12G with the United States Securities and Exchange Commission, terminating its reporting requirements under Sections 13 and 15(d) of the Securities Exchange Act of 1934.

After filing the Form 15-12G in 2016, ("going dark") the Company continued to routinely update investors via Twitter, its selected social media platform.

On April 2, 2013, the SEC issued a report that makes clear that disclosure of material, non-public information by companies pursuant to social media outlets such as Twitter or Facebook can be permissible under Regulation FD, so long as investors are alerted as to which social media a company intends to use. As previously disclosed to investors via Form 8-k filed with the Securities and Exchange Commission, Labor Smart, Inc. routinely releases material information via the following Twitter handles:

@CRyanSchadel

@LaborSMARTInc

@laborsmart

On January 15, 2020, the Company acquired Restore Franchise Group, LLC. (RFG), a pizzeria franchise operator. Details of this transaction were disclosed timely via the @CRyanSchadel Twitter handle. This was the Company's first material business acquisition outside of the staffing industry. Through RFG, the Company operates one franchised unit in Cumming, GA. The Company has disclosed previously via the @CRyanSchadel Twitter handle that it was seeking to expand the operations of RFG via additional acquisitions.

Recent Developments

On September 16, 2020, the US Securities and Exchange Commission adopted changes to Rule 15c2-11. Per the SEC release (LINK ), the amended rule is intended to enhance disclosure and investor protection in the OTC market. Specifically, the amended rule requires that information about the issuer and its securities be current and publicly available before a broker-dealer can begin quoting that security; (2) limit broker-dealers' reliance on certain of the Rule's exceptions when issuer information is not current and publicly available.

In light of this amendment and after consultation with the Company's attorney, on January 7, 2021 via Twitter Mr. Schadel stated, "I am going on record as of now to state my intention is to conform to the ARS of otcmarkets.com and bring $LTNC to "current information" under the new guidelines." This was again confirmed on February 12, 2021 in a company press release via GlobeNewswire and in a Form 8-k voluntarily filed with the Securities and Exchange Commission, where Mr. Schadel stated, "We have submitted application to otcmarkets.com to begin the process of gaining compliance with the Alternative Reporting Standard and are committed to completing this process promptly."

On February 6, 2021, it was disclosed that the Kansas City Chiefs were a client company via the tweet below:

(39) Ryan Schadel on Twitter: "This is the first Superbowl I will be happy no matter who wins. I'll be cheering the Buccaneers because Tom Brady is the man. I'll be cheering the Chiefs because they are a huge client for $LTNC." / Twitter

The Company had disclosed this previously, but in this particular case it garnered attention given the fact that it was Superbowl Sunday.

On February 8, 2021, Mr. Schadel received a call from an unrelated business acquaintance, stating there was an acquisition opportunity the Company should look at in the beverage industry. Mr. Schadel fields many calls of this sort and routinely explores ideas and opportunities for the benefit of Labor Smart, Inc., though most go no further than an introduction.

On February 9, 2021, Mr. Schadel participated in a conference call providing an overview of the acquisition opportunity and parties involved, which notably included certain sports professionals. Mr. Schadel believed there could be potential benefit to Labor Smart, Inc. and began due diligence, including verification of certain sports professionals involvement in the business.

On February 10, 2021, Mr. Schadel informed investors of these developments via twitter.

On February 12, 2021, Mr. Schadel sent a Non-Binding Letter of Intent to the target company.

On February 16, 2021, Mr. Schadel announced via twitter, a ZOOM meeting with the beverage acquisition target management.

On February 19, 2021, Mr. Schadel participated in the Zoom meeting with management of the target company. On the Zoom meeting was Alex Guerrero, co-founder of TB12, Inc., among others. While Mr. Guerrero is the co-founder of TB12, Inc., neither TB12 nor Tom Brady have endorsed any products or are affiliated with this acquisition target.

After the market closed on February 19, 2021, Mr. Schadel via twitter, informed investors of these developments.

Going Forward

The Company is expeditiously preparing definitive documents and intends to close the proposed acquisition as quickly as possible. There are some items that still must be negotiated and there can be no assurance that the acquisition will close. Mr. Schadel is confident the deal will get completed and is committed to doing so.

The Company is continuously evaluating opportunities to expand its brands and is actively seeking acquisitions.

Upon achieving "current information" status with otcmarkets.com, the Company is expected to seek a name change to reflect its anticipated status as a diversified holding company and will operate its brands as subsidiaries.

Shareholders and interested parties are encouraged to follow @CRyanSchadel on Twitter for updates. Mr. Schadel routinely answer questions regarding Labor Smart, Inc. and all prior material information released can be found in his Tweets & Replies Feed indefinitely. Relevant tweets are tagged by Mr. Schadel with the Company's ticker symbol.

this will be my first penny stock to hopefully bring me some profits

this merging with the hydrogen water company might be huge from what i reading

i mean if the whole sports world is behind it... has to be a good thing IMO

So Dave Portnoy can’t get into it until .10 apparently

One dude thinks this will be just like monster energy drink.

AMA seemed to go well

So is it a hyrdroponics company or a water company?



///////slaps the dudes next to mes arse. Throw a grand on the table

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But how does this work exactly? Are there trading fees or are there free options like we have for the stocks on exchanges?

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I'd have to check for this one. INKW was $6.95 per transaction no matter how many shares you were going to buy. So in order to be worth it you had to buy a ton of shares (if you buy 695 shares that adds one cent per share which is a large amount compared to the price).

I avoided it because I'm batting .000 on pennies, .500 on meme stonks, and 1.000 on dividend stocks with reasonable debt loads.

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Dude acquired a pizzeria and a water company, but they’re in staffing.

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That's the strangest part of this. I could at least understand getting behind a company that provides some niche staffing service, but then that company buys a water company, which doesn't seem to have anything to do with staffing, unless they're making sure the workers aren't dehydrated.

That just seems like they're holding a "this is a scam sign," so I don't see why you would do that. But then again, it's not a very scam if there is no one to scam, so I guess you the trade off of being an obvious scam is getting it out there for those who will fall for a scam and/or are willing to play along with it to help the scam.

I also googled this CEO's name and appartantly he filed for another company to be traded OTC, Tyr Equity, where he is the President, Treasurer, Director, Chief Executive and Chief Accounting Officer, the sole employee part-time and a $6,000 a year salary, which is twice its revenue of $2,700, and it had a net loss $15,337.

And this is the description fo the business:

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Initially, a principal focus of the business will be directed to accounts receivable financing or purchasing for temporary staffing businesses that are licensees of Labor Smart, Inc. as well as Labor Smart, Inc. itself and/or its affiliate businesses. Labor Smart, Inc. is a temporary staffing business that is also managed by our founder and CEO and is considered at related party.

Revenues from accounts receivable financing will come from an administrative fees and a percentage charge against the sales of the borrower. Revenues from accounts receivable purchasing will come from a spread between what we pay for the acquired receivable and what we collect from the end user. Revenues from merchant cash advances will come from a flat fee per advance, typically 10% of the advanced amount every 90 days.

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And this offering issued 5,914,000 shares at $0.02 per share for a total of $118,282, with 300,000 coming from his 25,000,000 and the rest coming from the remaining shareholders, leaving him with 81.66% of the shares. So altogether, I guess they're saying this company with $2,700 in revenue is worth 227 times that at $612,282.

Anyways, I don't know a lot about the OTC stocks, and I know many are legitimate. But an uber or doordash driver working a handful of hours a week, could make more money than that company. Even some MLMers can make more than that. You could that much working less than a full day day per week at minimum wage job. So I just don't see why someone would even offer shares on the market for something like that. I would be embarrassed to even have my name on that filing.