“Long and Strong” is the theme this weekend as penny stock traders look to get their hands on some shares of the Labor SMART, Inc. (OTC: LTNC). Playing on the concept of low float, long support with a dash of growing revenues and booming industry, LTNC stock is looking to become one thing – consistently traded. Although other awareness campaigns have seen shares grow from under .03 to as high as 0.123, is there an audience to buy into a share price ten times that amount and can the long term gains even come close to previous ones?
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LTNC Stock Quote
Market Cap: 6.53M
Last: 0.39 ▲ 0.0199 (5.38%)
Dollar Volume: $45,415
Issued and Outstanding: 16,757,000
14-Day Rel Strength: 53.16%
14-Day Stochastic: 82.61%
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Initially, Labor SMART looks like a sexy beast of a penny stock, especially after announcing Friday that the Company’s CEO, Ryan Schadel, reported that revenues for the first month of 2013 increased 118% to $580,556 when compared to the $267,080 recorded in January, 2012. When looking back at the most recent 10-Q filing, the increase was roughly $20,000 when compared to the average monthly revenue for the first nine months of 2012.
If the next 10-Q filing reports what the Company announced, 2012 revenues of $7.1 million, an average of $591,666 per month, the numbers for January, 2013 should already be factored into the share price for LTNC stock.
Regardless of the comparisons of per month average and the January total, the numbers are respectably better than those from 2011 which is the message that Labor SMART needed to get across prior to Tuesday’s awareness campaign. It’s good too because perhaps now that shares can be sold, perahps the Company’s founder, CEO, officer and director, Ryan Schadel, won’t have to dig into his own pocket to keep the Company afloat in exchange for an unsecured, 10% per annum interest bearing note.
According to the S-1/A filing back in March, 2012, Schadel reported owning 15,000,000 shares of LTNC stock. If that is the case and the Company follows through with their expansion plans into 3 additional states while developing 12 more branches during 2013, the Level 2 screen is worth watching closely — very closely.
The groups previous campaigns have all been for pump and dumps that started at less than .03, some even less than .01. Based on the audience base that is most receptive or drawn to that, the opportunity could provide itself for traders to get their hands on a couple hundred shares of LTNC if the strong looks long enough to see a gain of more than 30%.
About LTNC Stock
Labor SMART, Inc. provides temporary blue-collar staffing services by supplying general laborers on demand to light industries such as manufacturing, logistics, and warehousing as well as skilled trades’ people, and general laborers to commercial construction industries.
Last 5 Trading Sessions:
Bottom Line: With a mini float and a good track record for slow starters from under .01, LTNC is worth a look. There is no chance of seeing LTNC stock as one of Tuesday’s penny stocks with million dollar volume, but there may just be a chance for an in-and-out play worth a few coins.
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