Labwire Inc (LBWR)

[micham2012]

YankeeAce:

Not interpreted as personal attack. Glad to see that those with more history in this stock are pleased with the news. But I am one of those expecting to see $1 million in revenues this quarter, unless someone can explain to me what is seasonal about this business.

I have this statement in mind from an April 28th PR:

"Labwire is on track for an annualized run rate of $4 million for 2006 in comparison to the $1.8 million annualized run rate from a year ago this time according to Dexter Morris, CEO of Labwire, Inc."

An 18% increase year over year will not move run rate from $1.8 million to $4.0 million, and the stock price has already declined since this April 28th PR.

I am long the stock. But today's news does not seem to me to be positive.

Steve