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This tweet was posted on August 18th:
We've officially extended 2 IOI/LOIs for potential acquisitions that have the opportunity to increase shareholder value. Our commitment to growth knows no bounds. Hold on tight, exciting times ahead!🚀📈#Labwire #Acquisition $LBWR #StocksInFocus #StocksInNews
— Labwire, Inc (OTC: LBWR) (@labwireinc) August 18, 2023
Yup definitely it needs to upgrade the website to show the progress on expansion aka growth.
Yup definitely it needs to upgrade the website to show the progress on expansion aka growth.
It's matter of time - revenue is generating, easy business model to understand, best industry to be in right now, have enough cash to fund the business, low float.
$LBWR $LABWIRE
buy and hold - that's way to go with Carl - still $2/quarter in dividend in tact or $8/year in dividend.
sounds great - given companies are laying off people (especially tech sector) left and right, dollar stores should perform better than any other retail stores.
I just checked the franchise fee for dollar general and they charge $75,000 initial fee with 6% royalty. imagine Labwire does a franchise for its dollar store brand and charges like $50k upfront and 5% royalty - this is a money making machine.
$50 in no time - Carl's personal loan agreement is not attached to IEP assets, and hence, that short report became worthless.
not a big fan of threads to be honest. i think all these public figures would stay with twitter.
aka Zuckerberg wasted another $$$ developing something that doesn't do any good after VR headset.
meta needs to stay with FB and instagram.
so, when all these non-tesla cars get super-charged, who gets the money? Tesla.
When musk decides to charge extra 10% on non-tesla cars, $$$ will be in Tesla's pocket.
time to bid higher on this!
from shell to acquisition and then shell risk badge removed - i think the company putting all their ducks in a row. the company also has revenue so the next step is the revenue growth.
this company needs to hire some serious IR company.
Yea looks like they are expanding what they already own - super 99 centers.
it reminds me of dollar store franchises like dollar general, dollar tree - they are all doing well trading at 4x and 6x book value. and now, savers (svv) went public at $4b valuation and svv's book value is not even $1.
labwire is traded at 1.2x book value ($1.2m market cap / $1m book value). given it's early stage and small, it should be trading at 10x easy. it should be traded around $0.08-$0.10.
and when it has like 20 locations or $20m revenue, either dollar general or dollar tree or even savers will buy it out. it's no brainer to me.
He filed Reg A+ so I'm sure he does.
who's the new management?
Either way, there is no doubt that the trading volume is huge.
Lets see if there is any update coming out of the company.
if it stays at $0.0006, there must be something going on.
I'm still 100% correct based on accounting rule. "accrued" (past tense) is when the company incurred an expense that has been recognized under US GAAP accounting standard. Josh somehow put this salary at $440,000 per year to issue billions of shares for himself.
you said "accrued expense can be an estimate" - what? you definitely don't know the accounting rules. you can not put an estimate for accrued expenses on the management's salary. does your salary get estimated by quarter? smh.
The accountant can't lie and this is why he stated that $190,000 was booked as a loss for Q1 since Josh paid himself in kind when the total value is $300,000 (1,000,000,000 * $0.0003).
My guess is that he is issuing massive amount of shares to be a major shareholder but when a state regulator looks at what he is doing all of sudden (issuing 1,000,000,000 per quarter), it will look really bad on him. He is just digging himself deeper and deeper.
How? Both GEMZ and Badgerblox have $0 cash and $0 assets.
In order to do any franchise business, it needs to show the historical operating performance with financial statements indicating a strong revenue and profitability in FDD. without any background or license, you can't just fool state regulators.
https://www.sec.gov/Archives/edgar/data/1973160/000168316823003613/gemz_1aa1.htm
GEMZ filed updated reg a+ form with SEC about Badgerblox's financial statements (page F-24):
Cash: $0
Total assets: $0
Account Payable: $2,762
Badgerblox has no cash no assets - and Carnes was acquiring this business into GEMZ to become what?
So, a shell bought another shell.
so the news was that the company is looking for a space? so how in the world that the company said they received a ton of RFQs before without an actual operation in place? RFQs are the estimate of project developments signed by licensed contractors.
I'm totally confused with this press release.
ex-Div date: 6/14, $0.48 per share, payment date: 6/30
As CVNA turns around with EBITDA positive this year, this is a great opportunity for Ally - will be able to grow its loan portfolio as well!
$20B market cap with $5B in cash.
Buyback $5B worth of stock and the stock will fly.
The company needs more revenue - $750,000 gross profit can't cover $3,700,000 operating expenses.
It needs at least $48,000,000 in annual revenue to break even - pretty far right now with $9,000,000 in revenue.
Exactly - and there is no more deep discount on used car market allowing CVNA to keep a good margin on each sale.
Once all these used EV hit CVNA inventory, it will definitely push the stock price to $20 range.
Maybe a new ownership coming? 366,000,000 shares traded today.
Hopefully, the new CEO has a business with "real" revenue.
Yup - looks like $0.01 is the support level. Once it breaks $0.02, it will move to $0.05/$0.08.
I mean, it was $0.15 without a business generating revenue 2 years ago.
Now, LBWR has a business generating about $2,000,000 in dollar stores. You can't go wrong with dollar stores selling what people "need" not what people "want".
My statements on 10Q were 100% accurate:
1) Josh holding 2,011,000,000 shares:
https://ibb.co/Yd3V9TS
2) Josh issuing 1,000,000,000 shares for himself:
https://ibb.co/s9v7sgD
3) Josh incurring $190,000 loss to the shareholders (statement from the accountant):
https://ibb.co/8r7xBRR
If you want to read the document, here is the link for you:
https://www.otcmarkets.com/otcapi/company/financial-report/371494/content
This VR tech company that GMNI acquired per OTC filing didn't even update the website since 2017 and is not operating.
So, I guess the company doesn't even exist.
one thing about $2, it's an unit distribution through K-1 statement not a dividend.
IEP is a pass-through entity so IRS gets their cut only if I have nothing to offset the distribution.
and read 10Q - the company already stated that Carl's position didn't trigger any margin issue which nathan speculated it on his paper and it was a complete lie. soon, he is going to get sued just like before and his record is not good.
one more thing - take a look at option activities and how there were call contracts bought in blocks last week.
not really, Nathan founded Hindenburg research which is a part of his tiny hedge fund where he couldn't raise capital for years since 2017.
yes, he made trading profits off of yangtze, nikola though he lost the legal case against yangtze and paid legal costs.
for IEP case, he didn't do enough research about how Carl structured his LPs - it's not Nathan's fault, it's just because he never had a chance to learn how to run a hedge fund.
one comment, do you remember 'Harry Markopolos' trying to kill GE with his short research paper? as it turned out, Harry was funded by short sellers to be on the media for couple weeks. as GE insiders kept buying out the shares, the short sellers didn't make money so harry disappeared and the media stopped covering the story. coincidence? maybe.
what's next? several short sellers covered their positions on thursday so let's see what's going to happen. given nathan doesn't have any credibility in HF worlds, i don't buy his story - he did this to make some profit. perhaps, he had a very bad last year.
so, quarterly sales dropped from $1,400,000 to $43,000.
quarterly net income dropped from $997,000 to $26,000.
this company cooked their books so much that quarter over quarter looks a completely different company LOL.
quarterly report filed - Josh took another 1,000,000,000 shares for himself.
now, he has 2,011,000,000 shares.
one note, 1,000,000,000 shares issuance to him incurred $190,000 loss for the shareholders.
he is definitely trying to milk it for the last time. there is no CEO who kept issuing shares much more than what he is entitled to receive.
huh? it was $2.00 dividend ex-date and yes, i'm getting $2 for every single share I own.
next week will be fun to watch.
honestly, AMZN is a perfect stock to do all kinds of options - premiums are super rich on both directions.
anyone home? i guess not.
shorts are getting scared at this point - no more additional catalyst to push it down.
the biggest driver now is what carl is going to do - if he gets stocks as his dividend, his ownership will be well above 90% - no reason to keep it as a public co since brett, his son can buy out that remaining 10% with his cash.
nothing new here. on 10Q filing filed 5/15/23:
11,500,000,000 shares outstanding (common)
71,000 shares outstanding (preferred D, converted to common at 250:1)
100,000 shares outstanding (preferred E, converted to common at 250:1)
$15k cash left
$5k worth of equipment
$135k account payables (payment due to the vendors including management)
historically the company spent a bunch of money on website development shown on asset item.
$15k sales
$30k operating loss
i wonder what the company did until it went all the way to 11.5 BILLION shares.
who would want to be 11,500,000,001st shareholder?
not sure if anyone picked up this but FSK dividend yield on yahoo finance, google finance or bigcharts is incorrect since it only captures $0.64 per quarter but,
the company pays out $0.05 special dividend every quarter
the company also pays out $0.06 regular/supplemental dividend every quarter
shareholders are getting $0.75 per quarter in dividend =)
i don't complain - just keep buying more shares with the dividend
We filed an amended Form 1-A today to incorporate the SEC's comments:https://t.co/HB7miNVNKohttps://t.co/rW9GChodNk
— Labwire, Inc (OTC: LBWR) (@labwireinc) May 18, 2023
labwireinvestors@gmail.com