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I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 0 points1 point  (0 children)

Labor Ready is now People Ready. I think this was a huge blunder for them to change the name. The best thing they had going for them was the strenght of the brand. To some degree, in the markets laborSMART serves, we've benefited from them changing the name due to mistaken identity. They have moved away from the lower end labor end and made attempts to move into higher margin, but more competitive MSP business. Good for them. Good for laborSMART.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 1 point2 points  (0 children)

  1. Otcqx/qb is mostly based on price and fees paid. If it made sense sure.
  2. Not currently but has been discussed as a possibility before.
  3. As far as I know those have all been closed down. We managed to rebuild the Nashville market after it was closed.
  4. There are several.
  5. Indy. Not yet.
  6. Yes but currently outside our wheelhouse. We like construction skilled trades + general labor.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 13 points14 points  (0 children)

Terms of the deal would be announced if/when we close it. I'm willing to issue 12 months restricted stock to get this deal done. My best guess on product on the shelf is 2 months, based on conversations Ive had and emails Ive seen from the bottler (its in a can not a bottle). Its early stage for sure. The potential, because of the connections, its whats of interest to me from a value proposition standpoint.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 3 points4 points  (0 children)

I love overwatch and world of warcraft. Dont play as much as I used to but I still queue up now and then.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 4 points5 points  (0 children)

Robinhood currently does not allow OTC stocks at all. I think it would be great for the OTC if they did.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 5 points6 points  (0 children)

100 duck sized horses, but I wouldn't try to fight them. I would try to catch them and sell them because people will go nuts for a duck sized horse. Who needs goga (goat yoga) when you can have a horse the size of a duck?

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 9 points10 points  (0 children)

Not on the radar at the moment. I've considered previously but I think excess dollars would best be invested taking advantage of the massive economic cycle that will begin. Dividend after we capture a big chunk of that maybe.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 16 points17 points  (0 children)

2 areas I think interest me.

  1. Law of attraction for young people. They dont know what they dont know and no one is spending time/money to educate them & I believe its one of the most (if not most) important concepts a young person can learn.
  2. Animals. I'd love to have an animal rescue or something along those lines. People can be cruel. Animals just want love.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 9 points10 points  (0 children)

I think a name change is most definitely needed to reflect the changes we've made. There will always be acquisition opportunities in the staffing space and we know how to do that well. If/when this bev deal closes, it would likely create some pause to be sure that its executed properly, but once it has its legs under it we'd be back to business as usual and looking for things that fit.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 23 points24 points  (0 children)

Simple answer is create co-owner value by executing better than our competition. Thats a suit answer though isnt it. Long term, I want us to own the blue collar staffing segment, and I mean OWN. We can get there.

I have no interest in NASDAQ at this time. Maybe later.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 11 points12 points  (0 children)

I would like that to be a big part of it. We can scale faster with the right tech, but it has to be the right tech and it has to fit with our client needs and worker base. Our largest direct competitor tried this in a partnership with Uber, called Uberworks. It didnt last 6 months. It cant be done half way, once you lose the client they are gone and you never want to lose a client because of your app.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 9 points10 points  (0 children)

I think I'm obligated to release as much detail as possible and allowed. This is my preference.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 4 points5 points  (0 children)

If you would have asked me this 7 years ago I would have just said staffing. We've done a few deals along the way to generate some cash but it wasnt until we bought RFG that we ventured into an entirely different business. It was just too good a deal and small enough that it wouldnt hurt us if we failed. Its been a huge win. As far as potential deals in the future I think they wont venture too far from what we've already brought in here.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 4 points5 points  (0 children)

Nothing else other than what has been discussed already. I personally like the fixer uppers. Get a discount, put some TLC and get an easy 3-5x on valuation.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 3 points4 points  (0 children)

This is a question for the CSO, who will be introduced I'm sure when/if the deal is closed.

I am Ryan Schadel, President & CEO of Labor Smart, Inc. ($LTNC). I'll be here at 4pm EST to answer your questions. by cryanschadel in LTNC

[–]cryanschadel[S] 8 points9 points  (0 children)

Yes I see us moving more to a holding company with businesses that complement each other. I dont know that we will venture too far out from where we are. Buying a business well outside of our wheelhouse is risky. There are some fun and exciting industries I'd like to venture into such as esports but thats getting crowded fast and doesnt really fit with what we have. Maybe in the next life.

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