Just got off the horn with Dexter Morris, CEO of the soon to be OTCBB stock, Labwire (LBWR).
I didn't talk his ear off, but we did discuss the most important issue at hand... the AF's. He reports that he should have them before the end of next week, and that we will be off the pinks by the end of July. I know the target was end of June, but after the AF's are in hand, it takes a few weeks to work through the NASD. Guess now we will see for real how long it takes to get a 15c2-11 done with AF's. We will not be an unsolicited pink much longer...!!!
re Q2 - "revenues continue to do well" - eom
re news - "Labwire is in a quiet time until the uplisting."
This is an important thing to note. In the pinks, you can sandbag your news if you so choose. On the OTCBB, not so. Any material news must be reported via 8k within 3 days. Obviously if there news to report, it would be much better served once we are free of the pink stigma.
re contracts - several bids with large companies have been placed, but we have to understand that the fish LBWR's trying to catch require patience - not that we have not been. Dexter knows we are hurting for news, but again, not before the AF's.
re margins - "Internal projects are underway to enhance gross margins."
--------------------------------------------------------------------------------
GodBless - NoDoubt - creede |
