Labwire Inc. Message Board

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Biotech / Medical : Labwire Inc.

LBWR 0.0001000

0.0%

Oct 31 9:30 AM EST

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To: Sidney Reilly who wrote (1048)	7/15/2008 5:39:22 PM
From: The Ox	Read Replies (2) of 1698

Let me get this straight. A company with 140.4 Million shares outstanding, with revenue (not earnings..but revenue) of only $5 million per year is going to some how trade at $1/share?? In this market environment? Who cares how low the float is? Per the last filing available (Sept 2007), net income for the 9 months was only .0024/share (less then a quarter of a cent per share!) and revenue was only 3.5 cents per share. Just how is the stock going to hit $1/share? Please explain how this is the "greatest pink sheet" stock available? I've read the past 100 posts but I still don't get it! Based on the balance sheet, the stock's assets are currently worth 1 cent per share. Price to sales of 33? PE of 400? Thanks in advance.... TO

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