Here's the share structure:
Capital Structure as of March 17, 2006
A/S: 150,000,000
issued and outstanding: 135,799,001
restricted: 123,049,003
float: 12,749,998
I'm going to call Dexter in the next day of two to get more specifics and I will ask him when the restrictions are up. To be honest, in the case of Labwire, I don't think it really matters. Going from memory (my notes are at home), the vast majority of the shares are held by Dexter and then his second in charge:
Dexter's shares: 70 mil
Second in charge: 40 mil
So that's 110 mil of the 123 right there. That leaves 13 mil that he told me are held by close family and friends (of with Jon Ginder is one). Also, you have to admit, 70 mil restricted shares for the CEO is a very modest amount....a far cry from the 2 billion restricted that Mark Astrom from Vision Works holds. Anyway, Walt, those that hold LWBR's restricted shares aren't selling. This situation ,invho, is a no-brainer. Dexter built the competition, and spent 17 years meeting everyone in the industry. Obviously, he can do it again....and much better. Have you ever done anything, and then looking back, thought if you had to do it again you would do a few things differently that would make the end result much better? Same thing here. Eventually, a few more investors are going to call Dexter, and get the feel for what's happening. It only takes one call to see that this is no pinksheet shell wanna be company. This is a real company, with a real CEO, that's hunting Fortune 500 companies...and actually shown they can get them:
labwire.com
biz.yahoo.com
Yep, real contracts, with companies we know (including Laidlaw), and almost no shares in the float, but still priced like a shell company. I can't wait to the rest show up.
GodBless-ND
cris |
