siliconinvestor.com
Posted by: twoggle
In reply to: A deleted message Date:5/13/2008 11:53:37 PM
Post #of 5768
"regarding the $250,000 that was advanced by LBWR to the k-9 business"
This is another non-issue that actually puts LBWR in a good light. In 2006, Labwire had revenues of $627,621 from the K-9 business. If they had to pay $250,000 to make $627,621, I'd take that any day!!! LBWR helps the K-9 business get set up and more than doubles it's investment. And what is more important is that the client who requested the K-9 business gets full service and is not tempted to look elsewhere for LBWR-type services.
The form 10sb does not itemize every single expense, so there are many things listed in the itemized Pinksheets report that would not be listed separately in the form 10sb. For example, "computer expenses," "professional fees," "travel & entertainment," etc. I guess the computer expenses just went "poof" because they are not itemized.
I'd be more worried that Dexter isn't paying himself a huge salary and giving 1 million shares to all of the executives every quarter. How does LBWR expect to get to the big board if it doesn't bleed the shareholders dry with outrageous excutive pay and options like other "quality" companies?!
T
GB-ND
c |
