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Biotech / Medical : Labwire Inc.
LBWR 0.00010000.0%Oct 24 3:23 PM EST
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To: rrufff who wrote (624)5/13/2008 8:29:59 PM
From: creede  Read Replies (1) of 1698
 
Hey rrufff,

I was asked to called Dexter today, so I did. Here's the bullet points.

re David Stocker - When I questioned Dexter about David Stocker, and the allegations against him, Dexter's reply was as follows: "David did a great job for us, and I have nothing negative to say about him.". He then went on to say that actually David has not filed anything for Labwire or Dexter in about 3 years. I then asked him when he was released as Labwire's attorney, and he said that actually David called one day in the middle of last year and simply resigned. David cited health reasons for his retirement.

re Form 10 - I then asked if there had been any comments from the SEC before or after the Form 10 was submitted to EDGAR. I told him this was in relations to Stocker, and I just wanted to know if there was any kind of questions or investigation in regards to him. He said there were none - before or after. He said that Labwire has never had a single question from the SEC regarding Stocker, or the Form 10 either. At this point he made it clear that the entire notion that Labwire or Dexter has anything to hide is cast out by their own actions to put themselves "in the mouth of the SEC."

re $250k advanced to the K9's - he said this was just as the name suggested - an advance. He said it was not a loan. He said that it was just money used to pay salaries and expenses in a temporary manner till the money came in from the client. He went on to say that it each advance was only a few weeks at a time, and that the money was paid in full each time Labwire got the check from the client. This advance is no different than when an employee gets advanced money before payday.

GB-ND
creede
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