Labwire Inc (LBWR)

[entertaininvesting]

Yes, I just saw that. Also the PR was released on news sites (found it on google):

https://www.einnews.com/pr_news/630766361/labwire-inc-releases-q1-2023-financial-results-provides-information-on-pending-acquisitions-and-financing-activities

[TheSummerMan]

Quarterly and press release out.

https://www.otcmarkets.com/otcapi/company/financial-report/367787/content

https://www.otcmarkets.com/stock/LBWR/news/Labwire-Inc-Releases-Q1-2023-Financial-Results--Provides-Information-on-Pending-Acquisitions-and-Financing-Activities?id=398639

[entertaininvesting]

Per its twitter account:

“Our consolidated financials including Cessil Company has been prepared and waiting for final review. Our 2023 Q1 Quarterly Report will be released on Monday morning before the market opens:”

https://www.otcmarkets.com/stock/LBWR/disclosure

Hopefully the Company actually generated some sales maybe $1,000 which is better than $0.

[entertaininvesting]

after reading its form 1-A, i think this is a good one.
before the acquisition, Cessil had $60k net income after $240k paid out as employee expenses last year.

generally, these dollar stores have minimum employee expenses as the owners tend to run by themselves (with some part-timers).

adding back $200k (out of $240k), that means Cessil had $260k in profit last year roughly.

once they open up more stores, lets say 5 more, the company should be generating much more cash flow and no need to raise capital.

with only 22 million shares float (or $260k worth of stocks), it can move higher fast imo. this is much better than a bunch of otc stocks with 10 or 20 billion shares out.

[TheSummerMan]

Form 1-A securities offering filed. Better to go this route than toxic lending.

Scroll way way down and there are financial statements for Cessil. The stores are profitable. Netted $63k after covering all expenses and paying out a dividend to the owner. Better than operating at a loss.

Obviously they're looking to expand and grow. Not bad at all.

In order to get any proceeds from this offering they're going to have to raise their profile. That's good.

[fliper]

New tweet today:

We are finalizing our 2023 First Quarter Report which should be posted on OTC Markets by next week.

Thank you for your patience!https://t.co/9K8QQeWQaL
[e-mail]

— Labwire, Inc (OTC: LBWR) (@labwireinc) April 20, 2023

[splintered sunlight]

Call your broker and complain - I do sometimes when that happens.

It is against FINRA regulations not to show the entire bid.

[TheSummerMan]

Every ticker is manipulated these days.

I put in a buy for 125k at 009 and it only shows 10k.

So if anyone wants to get a little cash, there is a bid there to sell to that’s not showing. Please and thank you.

[TheSummerMan]

Agree, this one could really run when they’re ready to let it.

[threewheeler]

LBWR ok lets get some PRs/8Ks

[TheSummerMan]

This acquisition must be on the verge of closing, or it has already.

AS increase being used for acquisitions is
a good reason for doing that and proper use of share structure.

I’m sure it’s not the last acquisition we see in the near future.

[jelaco]

New filing on NVSOS - AS increasing from 200m to 1b

[TheSummerMan]

Labwire, Inc (OTC: LBWR) Announces Acquisition of Gas Station with Convenience Store in northern ArizonaPress Release | 03/20/2023

March 20, 2023
OTC Disclosure & News Service


Phoenix, AZ —

This release includes additional documents. Select the link(s) below to view.

Labwire_PR_032023.pdf

Labwire, Inc (OTC: LBWR) Announces Acquisition of Gas Station with Convenience Store in northern Arizona
Labwire has executed a purchase agreement to acquire a gas station in AZ to leverage its current assets and operations

PHOENIX, Arizona, March 20th, 2023 (OTC Markets) - Specialty retail company Labwire, Inc. (OTC: LBWR) announced its second acquisition to leverage its current assets and operations

Acquisition of Gas Station in northern Arizona
On 3/20/2023, Labwire executed a purchase agreement to acquire a Valero gas station located in northern Arizona with undisclosed cash payment to the seller. Due to the confidentiality, the Company plans to provide more detailed information on its first quarter financial statements expected to be filed in early May. The company expects to close the transaction by April 30th.
The gas station, located in northern Arizona, met the Companys strict criteria in acquiring a business: i) private company valuation, ii) generated a consistent cash flow, iii) fully trained and cooperative employees and iv) potential synergy with Cessil for leverage.
With this acquisition, the Company plans to generate additional cash flow by stocking consumer products from Cessil stores to this location. In addition, there will be several changes in this gas station to maximize the operational performance.
Mr. Hwang states, Since our management team took over Labwire as a new management and major shareholders, our mission stayed same building a small business to become competitive by utilizing our knowledge in various areas. With this acquisition, it allows us to expand our business segment as planned and the Company will be one step closer to launch a back-office operation (BPO) unit where it consolidates repetitive tasks for both our businesses and clients.
He also states, While we have been contacted by small to midsize business owners as well as commercial brokers, we maintain our strict criteria in acquisition for our shareholders. Every dollar we invest whether in operation or in acquisition, it belongs to our shareholders. With this approach, we are confident that the company will generate a consistent operating cash flow which we then re-invest into the existing businesses or pursue an acquisition. Labwire has no interest in any cash burning or pre-revenue venture as it will put the company in cash crunch situation.

Labwires 2023 Business Outlook
With this potential acquisition of gas station located in northern Arizona, the Company is expected to generate $3M in revenue with a positive cash flow. This projection does not include any other effort in a capital raise as well as the additional acquisition or a successful launch of pre-revenue projects. The management believes that it is the best practice to provide updates on the items that have been realized and to stay conservative in its outlook. Creating hype not only harms existing shareholders but also new shareholders who may invest in the company with unrealistic expectations.

About Labwire, Inc.
Labwire (https://www.labwire.co) is an early-stage retailer connecting a dot between a traditional mom-and-pop shop with a single location in a low-technology environment to a national wide branded business presented in both offline and online. With our expertise in interior design, e-commerce, and capital market, we believe our business model helps small businesses to be more competitive and more affordable to consumers. For any questions, please contact the company at [e-mail].

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and any such forward-looking statements. Except for historical information, statements about future volumes, sales, growth, costs, cost savings, margins, earnings, earnings per share, diluted earnings per share, cash flows, plans, objectives, expectations, growth or profitability are forward-looking statements based on management's estimates, beliefs, assumptions and projections. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic and financial performance, are intended to identify such forward-looking statements. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management's expectations or could affect the company's ability to achieve its strategic goals.
The company's forward-looking statements in this press release are based on management's current views, beliefs, assumptions and expectations regarding future events and speak only as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the federal securities laws.

[TheSummerMan]

Labwire News. No market reaction, though it did come out late in the day.

Ok, so far these people are not making an earth-shaking moves here. Yet they seem to be making a bunch of cash-flow positive decisions that together should become significant. That coupled with the excellent share structure means there is definitely some value here.

[TheSummerMan]

Thanks, appreciate it. Would be nice to get some financials on these before the next quarterly.

[threewheeler]

LBWR so thin both wayz lets get this moving North

[threewheeler]

$LBWR

0.0140
(https://www.tradingview.com/symbols/LBWR/?offer_id=10&aff_id=29379)Pink Current, AS: 200M, OS: 179M, US: 31M

Website Added.
https://labwire.co/

Facebook Added.
https://www.facebook.com/labwireinc/

Twitter Added.
https://twitter.com/labwireinc

LinkedIn Added.
https://www.linkedin.com/company/labwire-inc/

Business Description Updated:

Labwire is a specialty retailer that engages with discount and convenience local businesses who operate at a small or a single location. On December 15, 2022, the Company changed its business purpose from drug testing and background investigations to become a holding company for grocery stores and $0.99 store chains. Subsequently, on February 17, 2023, following extensive search, due diligence and compliance reviews, the Company acquired Cessil Company an Arizona based operator of several 99 Cents stores. This acquisition of Cessil Company, which will henceforth be accounted for a subsidiary, accentuated the Company’s operationalized business plan. Labwire Inc. presently operates from the corporate office located at 6015 N 43rd Ave, Phoenix, AZ 85019. We actively evaluating proposal for making other acquisitions of hospital operations as time and resources permits.

Product Services Description Updated:

Labwire through its wholly-owned subsidiary, Cessil Company, offers various discounted consumer products as well as business solution including but not limited to store expansion, franchise, new branding, e-commerce, back-office operation, BI (Business Intelligence) analysis, as well as capital infusion for equity ownership.

Chart (https://www.tradingview.com/symbols/LBWR/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/LBWR/security), Twitter (https://twitter.com/search?q=$LBWR&src=typed_query), @otcupdates

Update: 2023-03-10 20:38:01 (UTC)

[TheSummerMan]

Attorney letter - current information just showed up.

[entertaininvesting]

the company sounds legit to me. if the company actually started generating revenue from Cessil acquisition, it may be a good short term play. if not, it's just another shell.

there are so OTC shells with a bunch of plans/potential deals and yet, i rarely see a company with an actual numbers on their financials. time will tell.

[4C]

Seems like they are getting things done expediently.

Change of control, filings earlier this week, and now shell badge removed.

What it really needs is some indication of plans going forward - is Cessil the only acquisition / business - or is LBWR going to be a holding company of some sort?

[dieseld28]

She’ll badged removed more subs today?

[dieseld28]

They taking it down with filings and news almost everyday let’s see what they do today

[TheSummerMan]

Supplemental Information report filed. Company declaring it's no longer a shell. I am starting to see more and more of these reports get filed as we approach the end of the month. Good that new management is on top of it.

[threewheeler]

LBWR added another 50k today thankx weakhands whoever will be looking for another 50K tomorrow if u have more to sell

[hb90]

Ye-haw

[dieseld28]

I’ll take more subs k thanx

[4C]

CSTI keep reloading the 10k @ 0.011

Not sure what is going on in the background here - but a PR announcing plans and completion would help - hoping the Cessil acquisition isn't the only one...

[dieseld28]

Gotta love the cheapies there giving away near 52 week low no brains smh

[dieseld28]

Yea that’s huge market just needs too catch on too that usually the market likes it and sends it north GL

[TheSummerMan]

Getting it done early. Nice to see. This paragraph caught my eye. A 111 million share reduction already happened, interesting that they're looking to cancel more.

"As of the date this report was filed, the Company has engaged legal counsel in the State of Nevada to review the shareholder list and identify any outstanding common stock issued in certificate form that might possibly be eliminated. The Company will take appropriate action based on the results of the review."

[4C]

Annual report filed this morning.

[dieseld28]

Still here it’s mm’s games CDEL show bid 50k Shares at .016 than sit on ask there when share price was .0129 manipulation at its finest grabbed more today

[hb90]

Imo Friday was a front load. News and interest brought out plenty shares to soak up and bagholders ready to dump their shares at a higher price then 01. I believe it will pay off for folks who hold. I myself will practice patience the best I can. Even though otc has changed alot its still clear that market makers run the show and those with big $$ run the game. Could be like CMGY back in 2021. Go from nothing mid 00s to .15 because someone wanted to make money. That ticker was crap, this one has actual potential

[hb90]

Now everyone raise your ask way up

[hb90]

Someone got the drop they wanted. Now to see if any real bids come in

[TheSummerMan]

I wouldn't say it's heavily doing anything right now. Volume is tiny.

[hb90]

I read it as someone wanted in, also wanting it to continue going north and someone holding from 01 level dumped. To each their own. Not trying to argue, just curious on your opinion

[dieseld28]

You can read L2 and see if you been trading for a while INTL gets filled 260k shares at .0185

[hb90]

Why do you believe it's being shorted?

[dieseld28]

Being heavily shorted on good news smh

[dieseld28]

Being heavily shorted on good news smh

[hb90]

I believe when this gets over 02 the fun starts

[TheSummerMan]

Nice site to start off with. L2 has nothing on the ask side up to at least 0218, just market maker placeholder amounts.

[hb90]

Company website: https://labwire.co/

[hb90]

Very nice website and they just created a twitter account. @labwireinc .... new management sounds very determined

[Italia77]

Still in since 0062
really low float guys!
$LBWR
18,866,698 OS
most are RESTRICTED so not tradable for retails!
https://www.otcmarkets.com/stock/LBWR/security

[threewheeler]

nice got rid of some shares that were not accounted for i guess LBWR

[TheSummerMan]

Per the last quarterly dated 9/30/22, the float was 31,873,763.

Per TA update yesterday, float is 22,699,001.

[TheSummerMan]

They already put the news up on the company website.

https://labwire.co/news-pr-post-example/

This team looks ready to go.

[dieseld28]

https://t.me/otcupdates/43309 Phone updated as well.. no body slapping .01?!