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Major Runner LTNC (Labor SMART) Surging Higher; Multiple Staffing Retail Locations, Franchise Pizza RFG Acquisition, Pink Current & Name Change Coming

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3 years ago

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LTNC (Labor SMART, Inc.) is in full beast mode rocketing up the charts in recent months trading billions of shares and emerging as a volume leader in small caps trading $50 million in dollar volume on Monday alone. LTNC has been under heavy accumulation recently as legions of new shareholders continue to bid the stock higher. Investors are looking for LTNC to continue its current explosive rise as robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than LTNC does.    

There is a lot to get excited about on LTNC whose management regularly updates shareholders on twitter primarily through the @CRyanSchadel, @LaborSMARTInc, @laborsmart handles. Labor Smart is a leader in providing on-demand blue collar staffing primarily in the southeastern United States operating a number of retail locations spread out across the USA including Jacksonville, FL, Kansa City, MO, Knoxville, TN, Raleigh, NC (*Operated by Epic Labor, a Labor SMART licensee), Nashville, TN and coming soon to Gainsville, GA and Marietta, GA. Labor Smart primarily services industries such as Warehousing, Construction, Events, Hospitality, Retail, Demolition, Landscaping, Restoration and Manufacturing. LTNC corporate is planning to change its name to reflect its new status as a holding Company as it completes a number of new acquisitions. Last week LTNC 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 now operates one franchised Pizza retail location in Cumming, GA. LTNC has been in meetings to acquire a beverage Company and has already sent them an LOI. The Company is expeditiously preparing definitive documents and intends to close the proposed acquisition as quickly as possible. Recently LTNC disclosed its intentions to become current with otcmarkets.com. LTNC has massive liquidity, legions of new shareholders and significant developments driving this powerhouse run.   

Labor SMART | On-Demand Staffing & Local Temporary JobsLabor SMART, Inc. (LTNC) provides On-Demand temporary labor to a variety of industries. The Company’s clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company’s mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. 

Labor Smart has a number of retail locations spread out across the USA including Jacksonville, FL, Kansa City, MO, Knoxville, TN, Raleigh, NC (*Operated by Epic Labor, a Labor SMART licensee), Nashville, TN and coming soon to Gainsville, GA and Marietta, GA. Labor Smart primarily services industries such as Warehousing, Construction, Events, Hospitality, Retail, Demolition, Landscaping, Restoration and Manufacturing. 

Labor Smart, Inc. - 207 Photos - Recruiter -Microcapdialy has reported on LTNC many times before. Back on December 28, 2015, Microcapdaily reported on LTNC: “In August LTNC filed its 10Q for the quarter ending June 26, 2015. Highlights for the Quarter include: -Revenue of $6.37 million -Gross Profit Margins improved to 27.12% vs. 21.21% a year ago -Record Gross Profit of $1.727 million -Net Loss reduced by 39.5% to $564k vs. 933k a year ago. CEO Ryan Schadel said “Our results from the second quarter of 2015 illustrate the fantastic progress being made. Last year’s decision to shed a sizeable book of business had minimal impact on year over year revenues as we replaced low margin, high risk business with more profitable customer relationships. Despite the $68k year over year decline in top line revenue, the Company’s gross profit surged to record levels.” On August 20 LTNC provided an update on its acquisition strategy. CEO Ryan Schadel said “On August 19, 2015, Labor SMART, Inc. delivered a non-binding letter of intent to acquire the operating assets of a regional staffing company with multiple branch locations across the southern US, providing skilled and unskilled employees to small and medium sized businesses. Our initial due diligence suggests that this business will produce $12-13 million in revenue for 2015. The business does not have an On-Demand model and we would not seek to change it, rather we would seek to expand on it.” 

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. 

Last week the Company announced its decision to accept Bitcoin and Ethereum as payment methods for its services. As more institutions adopt cryptocurrency into their asset management strategies, the Company believes offering BTC and ETH as payment options will expand client flexibility. Management says every week they are generating invoices and sending them to its clients. If the Company takes a credit card payment for the invoice, it is paying up to 3% for merchant services. By giving clients the option to pay in Bitcoin or Ethereum, not only is the Company giving them more flexibility with how they manage their own cash flow, but it will save on processing fees. The Company expects the payment method to be live by mid-March via Coinbase. 

LTNC is a growing Company with significant revenues and a CEO that seems serious about growing the Company long term.

Investor Sentiment on LTNC is very high:

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LTNC

On January 15, 2020, LTNC 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. 

In light of the recent SEC rule change to Rule 15c2-11 the Company has decided to become fully reporting 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 twitter. 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 

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

Going Forward LTNC management 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. 

 

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LTNC is in full beast mode rocketing up the charts in recent months trading billions of shares and emerging as a volume leader in small caps trading $50 million in dollar volume on Monday alone. LTNC has been under heavy accumulation recently as legions of new shareholders continue to bid the stock higher. Investors are looking for LTNC to continue its current explosive rise as robinhood and its 100 million new trading accounts take on the bulletin boards. These are different times than just a few short years ago; now penny stocks such as TSNP can achieve a $6 billion plus market valuation and trade $375 million in dollar volume in a day on the bulletin boards. And TSNP has no stronger fundamentals than LTNC does.  There is a lot to get excited about on LTNC whose management regularly updates shareholders on twitter primarily through the @CRyanSchadel, @LaborSMARTInc, @laborsmart handles. Labor Smart is a leader in providing on-demand blue collar staffing primarily in the southeastern United States operating a number of retail locations spread out across the USA including Jacksonville, FL, Kansa City, MO, Knoxville, TN, Raleigh, NC (*Operated by Epic Labor, a Labor SMART licensee), Nashville, TN and coming soon to Gainsville, GA and Marietta, GA. Labor Smart primarily services industries such as Warehousing, Construction, Events, Hospitality, Retail, Demolition, Landscaping, Restoration and Manufacturing. LTNC corporate is planning to change its name to reflect its new status as a holding Company as it completes a number of new acquisitions. Last week LTNC 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 now operates one franchised Pizza retail location in Cumming, GA. LTNC has been in meetings to acquire a beverage Company and has already sent them an LOI. The Company is expeditiously preparing definitive documents and intends to close the proposed acquisition as quickly as possible. Recently LTNC disclosed its intentions to become current with otcmarkets.com. LTNC has massive liquidity, legions of new shareholders and significant developments driving this powerhouse run. We will be updating on LTNC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LTNC.

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Disclosure: we hold no position in LTNC either long or short and we have not been compensated for this article.

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MSP Recovery (NASDAQ: LIFW) in the Spotlight: Legal Battles, Luxe Living, and Stock Surge

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1 week ago

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September 22, 2023

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MSP Recovery (NASDAQ: LIFW) has been on quite the rollercoaster ride, defying gravity with over 400% gain since September 14th, 2023 with over 240% of that gain happening this week alone. However, the exact reasons behind this meteoric rise remain elusive. Typically, when a company drops major news, you’d expect an instant stock reaction. But in this case, the last significant update from the company was about a week ago, and it’s questionable whether that news was much on the positive side, yet the stock is still zooming upwards.

Background:

Let’s delve into the nitty-gritty of what MSP Recovery, more prominently known as LifeWallet, is all about. Imagine them as the healthcare financial detectives, diligently sifting through the complexities of medical billing and reimbursements. They specialize in recovering money owed to healthcare providers. If an insurance company owes a hospital for a patient’s treatment, these folks ensure that the hospital gets the rightful compensation. But their innovation doesn’t stop there.

Enter “LifeWallet,” their brainchild—a powerful tool designed to revolutionize healthcare transactions. Picture it as a savvy assistant for healthcare professionals, standing by their side in the hustle and bustle of medical care. LifeWallet’s magic lies in its ability to decipher the complexities of healthcare billing and insurance. It guides doctors and hospitals, helping them navigate the tangled web of who should foot the bill, especially in post-accident treatments. It’s a digital ally ensuring fair compensation and smooth financial transactions in the intricate healthcare landscape.

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MSP is making waves in the healthcare domain with this innovative approach, leveraging data analytics to streamline processes and champion fair compensation for healthcare providers. Much like a rollercoaster ride, their journey promises excitement, surprises, and an undeniable thrill in the world of healthcare finances.

Legal Battles and CEO Extravagnce:

Step back and look at their stock chart—MSP has taken a major hit in value this year, and it’s not without reason. Surprisingly, digging into the company’s operations revealed some unpleasant surprises we hadn’t anticipated. It’s been a rough ride for them.

The company was just recently involved in a class action law suit led by recognized leader in shareholder rights litigation, Robbins LLP. The case revolved around MSP not providing essential information to investors transparently.

There were a number of claims mentioned, here’s a quick list.

  1. MSP didn’t reveal there was an ongoing investigation by the SEC and federal prosecutors.
  2. They gave out financial information to investors that was significantly wrong and deceptive.
  3. When admitting they needed to fix their financial results, they didn’t reveal the full extent of the issues.
  4. MSP couldn’t financially handle the claims they were assigned to manage by a major health and engaged in deceitful actions with said provider
  5. The Registration Statement had lots of wrong or misleading statements and was poorly prepared.
  6. Their Proxy also had false or misleading statements.

It all started on July 31, 2023, where The Miami Herald unveiled significant revelations. Stating the CEO John H. Ruiz has been living quite the lifestyle buying several waterfront mansions in Miami, even an entire Boeing passenger jet.

It’s not surprising the Ruiz’s lifestyle was so extravagant considering LifeWallet was once valued at more than $32 billion, but as you can see the company is now worth a small fraction of that. That said, Ruiz’s expensive lifestyle would be tough to continue.

Then again, on August 1, 2023, the Company made disclosures to the SEC (Form 8-K), confirming The Miami Herald’s findings. The stock took another substantial hit, dropping over 12%. Adding to the unfolding drama. After that, a substantial $67 million lawsuit was filed against the Company on the same day, resulting in an 18% plummet in the stock price.

The narrative continues on! On August 17, 2023, MSP acknowledged a notification letter from Nasdaq’s Listing Qualifications Department. They confirmed the Company’s non-compliance with Nasdaq’s Rule 5250(c)(1) due to a delayed Form 10-Q filing for the period ending June 30, 2023. This revelation caused a 19% stock price drop over two days.

With that said, we’ll bet you’re seriously wondering how could this company could possibly see recovery (pun intended) after all these allegations were laid out.

What happened:

Surprisingly enough, it seems Robbins LLP just recently lost the case against MSP and there was an announcement made on September 13th, 2023 about it. All those allegations have vanished into thin air. It’s baffling how a company with so many strikes against it can seemingly wrap things up so quickly. The whole situation leaves us questioning what’s really going on.

Since the announcement the other week, the company’s valuation has skyrocketed, at some points even peaking at an increase of over 400%. Naturally with that kind of trading action, it’s no surprise day traders are getting in on the action. MSP is trending all over Twitter amongst notable users like @timothysykes, @stockplaymaker1, and @AngryRed316 talking about it.

At this point, it looks like investors are basing their trades more on chart patterns and less on the company’s solid financial footing. MSP didn’t deliver great news in its latest earnings report, showing quite a large net loss of over $400 million. It’s quite likely the allegations had a role to play in this financial blow. The real question is if MSP can get its act together, start making real profits, and avoid a chapter 11. Either way, we’ll continue to follow along to see how things pan out!

We will update you on LIFW when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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VCI Global (NASDAQ: VCIG) Joins Forces with Microsoft Azure OpenAI: A Tech Revolution Unleashed

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1 month ago

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August 23, 2023

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VCI Global (NASDAQ: VCIG) is back on the radar with another significant gain of 84%. We wrote about this company just recently in June, where it popped 156% on the announcement of their “Socializer Messenger”. The company is now teaming up with Microsoft Azure OpenAI through its subsidiary, V Galactech Sdn Bhd. This partnership brings together their AI know-how to reshape the world of business solutions, making waves in the tech scene by using Microsoft Azure OpenAI services.

This collaboration is all about meeting the growing demand for tech advancements that are fast, smooth, and globally connected, helping businesses connect better with their customers. It’s also a boost to VCI Global’s AI consulting skills.

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By tapping into what Microsoft Azure OpenAI offers, VCI Global is jumping into the tech world’s fast lane. They plan to come up with some cool innovations, like Generative Pre-trained Transformer 4 (GPT-4) and Microsoft’s new AI-powered chat tool, Bing Chat Enterprise. Plus, they’ll use Microsoft Azure OpenAI’s cutting-edge AI for their projects, including the super-smart AI-assisted sales platform, robosale software.

https://twitter.com/ShortDaPos/status/1694403174566858783?s=20

Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, is very excited about this partnership. He mentions, “We’re thrilled to dive deep into AI innovations, especially with Microsoft Azure OpenAI. We can’t wait to see how this partnership transforms how businesses connect with customers in the ever-changing tech world. The sky’s the limit, and we’re ready to help our clients ride this AI wave.”

About VCI Global Limited:

VCI Global is a versatile consulting group that’s all about helping businesses with their tech and strategy. They give advice on business strategies, help with investor relations, and provide tech know-how. They mainly work in Malaysia, but they also serve clients in Malaysia, China, Singapore, and the United States, covering a bunch of different industries.

If you want to know more about them, just head to https://v-capital.co/.

About Microsoft Azure Open AI:

Microsoft Azure OpenAI is like a treasure chest of artificial intelligence tools and solutions made to help businesses. They offer everything from AI Services to Machine Learning and AI infrastructure, all aimed at helping businesses make the most of AI for their growth and innovation.

We will update you on VCIG when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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Mobilicom (NASDAQ: MOB) Secures Landmark Deal with Top Global Manufacturer

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3 months ago

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July 10, 2023

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Mobilicom (NASDAQ: MOB), a company providing cybersecurity and reliable solutions for drones and robotics secures its largest order to date from Teledyne Technologies Incorporated (NYSE: TDY) – shares rocket 123%. $TDY is one of the world’s largest manufacturers of small-sized drones and robotics.

Overview:
This $19B Tier-1 customer has now incorporated Mobilicom’s SkyHopper PRO into its latest small-sized drone platform. This is yet another testament to Mobilicom’s systems as they have already successfully integrated into 44 design wins by various drone and UAV manufacturers.

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More importantly, Teledyne has made significant progress in transitioning from the design phase to production and commercial sales with the U.S. Department of Defense. The company’s latest purchase order appears to reflect only the beginning of potentially multiple recurring orders as they prepare for their first-ever production order for the U.S. DOD.

“As Teledyne-FLIR continues to win additional orders for its small-sized drone platforms with end users such as the U.S. DOD, other federal agencies, and commercial customers, Mobilicom is well positioned for more sales of its Skyhopper Pro,” stated Mobilicom CEO Oren Elkayam. “We see the sales of these systems to the U.S. DOD, one of the largest and most selective procurers of technology, as a strong testament to the excellence of Mobilicom’s market-leading end-to-end solutions.”

 

About SkyHopper PRO:
The SkyHopper PRO is a communication system for drones that ensures secure data transfer. It offers a number of advantages and customization compared to competitors, here’s a quick overview:

Cybersecurity: Prioritizes cybersecurity, ensuring the secure transfer of data between the drone and the ground control station. This feature helps protect sensitive information and prevents unauthorized access or interference.

Reliability: The system is designed to provide robust and reliable communication even in challenging environments. It supports long-range and non-line-of-sight communication, enabling seamless connectivity between the drone and the ground station, even when obstacles are present.

Versatility: Supports multiple transmission modes, including point-to-point and point-to-multipoint communication. This versatility enables various communication setups, such as multi-drone operations and communication to multiple receivers, enhancing flexibility in drone missions.

Industry Integration: Systems have been integrated into numerous design wins by drone and UAV manufacturers indicating their compatibility and suitability for a wide range of platforms. The proven track record of integration demonstrates the system’s adaptability and reliability.

End-to-End Solution: End-to-end solutions for cybersecurity and robust communication. This comprehensive approach ensures seamless integration, streamlined operations, and enhanced overall performance for drone missions.

About Mobilicom:
Mobilicom is a leading provider of end-to-end cybersecurity and robust solutions for drones and robotics. They focus on serving global manufacturers in these industries, offering patented Mobile Mesh networking technology and a proven portfolio of commercialized products. With a growing high-profile global customer base, including corporations, governments, and the military, Mobilicom stands out for its outstanding security capabilities and performance in harsh environments. They derive revenue from hardware and software sales, licensing fees, and professional support services.

About Teledyne Technologies (NYSE: TDY):
Teledyne Technologies is a global leader known for its innovative solutions in aerospace and defense, environmental sensing, and digital imaging. The company’s success stems from a strong emphasis on research and development, enabling them to introduce cutting-edge technologies and meet customer needs effectively. With a focus on quality and customer satisfaction, Teledyne Technologies has earned a solid reputation in the industry. Strategic acquisitions have further strengthened their capabilities, expanding their product offerings and market reach. Through adaptability and a commitment to delivering value, Teledyne Technologies has established itself as a prominent player in various verticals in multiple industries, ultimately paving the way for the company’s current $19B stature in the market.

We will update you on MOB when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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