To the Forum -
I have spoken to Dexter. I'll post some of what we talked about....bearing in mind, of course, that this is all coming from management. As we all know, management can't always be trusted....but in this case, I trust Dexter completely.
He called me. He has heard of our angst through the grape vine, and feels wrongly accused. He called to set the record straight. After speaking to him, I believe the best is yet to come....but I have the advantage of actually talking to him. Perhaps the only way to really figure out where you stand is to go to the source....well, in this case, he came to me. Ever have a CEO call you? Me either. That's one of the things that really helps. Dexter is hitting this situation head on, and is very frank. He cares greatly about his shareholders, and wants us all to do very well in this stock. Here's some of the questions I posed.
1. Does Labwire have to sell shares in order to meet operating expenses?
Answer: No. We are cash flow positive.
2. Does Labwire have any debt?
Answer: No. Except a small amount owed to Dexter himself.
3. Is Labwire going to continue selling shares?
(This I will not post. For those that want to know the answer, please call Dexter. I don't want to make another rule that blows up in my face. For what it's worth. I'm buying more shares.)
4. Why aren't the companies names announced with the PR's?
Answer: If Labwire can announce they will. These big corporations usually put in the contract that Labwire can not use their name in a PR. (Note: Going to the OTC will solve this problem because the SEC requires full disclosure via an 8-k)
5. Why aren't dollar values given with the PR's?
Answer: It's best in some cases not to give a projection. Case in point, the current contract with Transocean is for their American division....but hopes are high that their international business will spring from the contract. This could be added at any time, and so it's best to give it some time to fully develop. (Note: This could also be for competitive reasons.)
Also, Dexter told me this to make sure I was clear. Labwire does not own the K-9 division. They may buy it at some time, but as of now, they manage them. All contracts are through Labwire. (I didn't ask him about the K-9's....he just wanted to be clear.)
So, now each investor has to decide where they stand. Either you believe Dexter through me, or not. IMO, this the cross road where it is time to get out, or add. For me, I'm going to do everything I can to take a larger position in this company before it moves. I have not made one penny yet in this stock, but I'm of the belief that Dexter is going to see to it that we all do very well. I'm overloaded in LBWR, and want to take on more. I know this is not good policy most of the time, but if I want a position that will really make a difference in my portfolio, and Labwire is my super star. I always believed that it's best to put your best player out there, and see if it strikes out, or hits the homerun...................batter up!
