[LBWR]: Labwire, Inc. Securities Counsel David B. Stocker and several LBWR Reg D Rule 504 investors charged with Securities Fraud by the SEC
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1. In a form 15c2-11 filed with pinksheets.com by Labwire, Inc. (LBWR), the company listed Arizona attorney David B. Stocker as its Securities Counsel:
snipurl.com
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2. In addition, the LBWR form 15c2-11 includes an opinion letter written by Mr. Stocker stating that 1.8 million shares of LBWR stock issued under Reg. D Rule 504 would be exempt from the SEC registration requirements and therefore can be freely trading.
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3. In the same LBWR form 15c2-11, Labwire, Inc. states that Mr. Stocker "does not own any shares of the issuer".
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4. The form 15c2-11 also includes an Exhibit "A", which lists the purchasers of the 1.8 million LBWR shares.
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5. Among the fourteen "purchasers" listed in Exhibit "A" are:
Curtis-Case, Inc. - 250,000 shares
Page Properties, LP - 250,000 shares
Janan Page - 100,000 shares
Trevor Page - 100,000 shares
Martin Cantu - 100,000 shares
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6. The Securities Exchange Commission charged certain individuals and entities with Securities Fraud in the sale of unregistered securities in Litigation Release No. 20302 dated September 27, 2007: sec.gov
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7. Among the defendants in the SEC securities fraud litigation release mentioned in the above paragraph are:
- David B. Stocker, LBWR's Securities Counsel mentioned in paragraphs 1, 2 and 3 above.
- Page Properties, LP, an LBWR Rule 504 purchaser mentioned in paragraph 5 above.
- Curtis-Case, Inc., an LBWR Rule 504 purchaser mentioned in paragraph 5 above.
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8. According to the SEC Litigation Release, Page Properties, LP is controlled by Timothy T. Page, another Defenant in the SEC securities fraud case.
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9. Janan Page, an LBWR Rule 504 purchaser mentioned in paragraph 5 above, is listed as Timothy T. Page's spouse in the following SEC filing: secinfo.com
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10. It is believed that Trevor Page, an LBWR Rule 504 purchaser mentioned in paragraph 5 above, is related to Timothy T. Page and/or Janan Page.
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11. Martin Cantu, an LBWR Rule 504 purchaser mentioned in paragraph 5 above, is listed as a significant stockholder and Director of a company that is controlled by Timothy T. Page, Lion Capital Holdings, Inc.: secinfo.com
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12. According to the SEC Litigation Release, Curtis-Case, Inc., an LBWR Rule 504 purchaser mentioned in paragraph 5 above and a defendant in the SEC Securities Fraud case is controlled by LBWR Securities Counsel David B. Stocker. As discussed in the paragraph 3 above, the LBWR form 15c2-11 had specifically stated that Mr. Stocker "does not own any shares of the issuer", which seems to contradict the information stated in the SEC Litigation Release discussed above.
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13. Martin Cantu, LBWR's significant stockholder mentioned above is further discussed in this article by award winning journalist Carol S. Remond, in a Dow Jones Newswires Column:
snipurl.com
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14. What does all of the above say about the quality of management of Labwire, Inc.? |
