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Sunday, April 18, 2021

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

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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