try to overlook this poster's irritating style
Micheal,
what's irritating is that up to this point, the only "style" has been moronic bashing. We don't mind talking points, but this is the first one made.
"The website doesn't even have a careers or job section BUT it does have a nice INVESTOR APPLICATION for u to put ur name and address into"
Not saying this means that LBWR is not a good investment....but it is a red flag.
How much of company's limited resoures are put to supporting the stock price?
Is this what what you are talking about?
REQUEST INVESTOR FACT SHEET
labwire.com
Looks to me that it's a means to connect with us. I don't see it as a solicitation for money....not that it would that it would be entirely bad. Dexter has said that 144's are for sale....but you have to pay .15 for them. Fair enough?
Also, regarding the "jobs section". Labwire was formed through a 504 offering in Texas on the pinksheets. They were NOT a reverse-merger. Most companies pick the reverse-merger route because it is a loop hole to not filling our the prospectus and they do not have to file reports every 45 days. Here's a little more info:
A reverse takeover (RTO), also known as a back door listing, or a reverse merger, is a financial transaction that results in a privately-held company becoming a publicly-held company without going the traditional route of filing a prospectus and undertaking an initial public offering (IPO). Rather, it is accomplished by the shareholders of the private company selling all of their shares in the private company to the public company in exchange for shares of the public company.
While the transaction is technically a takeover of the private company by the public company, it is called a reverse takeover because the public company involved is typically a "shell" (also known as a "blank check company", "capital pool company" or "cash shell company") and it typically issues such a large number of shares to acquire the private company that the former shareholders of the private company end up controlling the public company.
Pretty cool info, huh. We can start calling our reverse-mergers a "takeover"! lol
Anyway, like I was saying, Dexter bought Workplace Screening (this is what they say when you call the office), and it's the asset that he gave to LBWR in order to get the 120 mil shares. He then "gave" some of them to his hand selected staff (the top people from DISA, of course) so that they would have a piece of the company. If you will look at the filings, you will see the way the shares were dispersed. The restricted share count has never changed one bit.
I say all that to say this. Dexter has a stack of applications for top notch professionals that want to work for Labwire (i'd suspect many from DISA). He will hire them ONLY when it's due time. Top priority is margins, since he does not want history to repeat itself.
Whewwww! Next question?
GB-ND
c |
