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Re: Robsct post# 2388

Tuesday, 10/24/2006 9:16:21 PM

Tuesday, October 24, 2006 9:16:21 PM

Post# of 17370
Creede is not advocating a reverse. He is suggesting that the insiders could simply retire some of their shares to reduce the umber of outstanding shares. It would, in a sense, function as a reverse for the insiders as their shares would reduce, but their share price would rise. For the shareholders, it would just mean a boost in share price and an unbelievable boost of confidence in the management. For both the insiders and the shareholders, it would set up the company with a share structure going forward that would be not only a solid base, but would be very attractive to new and larger investors. It would leap frog everyone ahead of schedule to what we all believe will eventually come.

You are correct on a total reverse. That would kill shareholder confidence in the very people who have been so supportive of Dexter and LBWR -- shareholders like us. But to retire some of the insider shares, I believe they would be making the company grow faster, attract new investors who might pass just because of the OS and not dig for the real story, and give the insiders a chance to profit not only from the growth of the company via business, but also through a much faster growing share price. After all, the business side will always provide a good living for them, but it is the share price that will make them very wealthy. Having 70% of really large pie will make them richer than owning 90% of a smaller one. For me, the key factor is how much more quickly they get to that very rich point. I believe Creede's thoughts are valid and right on target. I hope Dexter will take a serious look at it. If he even only takes into consideration what it will do for he and the other insiders personally, I think he will do it. The benefit to shareholders is just an added plus, but happy and loyal shareholders is a key for a public company wanting to develop into a medium and then large public company. So many companies make the leap to the pinks for added funding to turn the corner, but then they settle for a salaried position and lose the dream and motivation of what comes with growing the business. Dexter, IMO, will not settle. He wants to grow and surpass his old company and every competitor. He will look at every viable and smart option because I think he has a score to settle and an entrepreneurial eye that most do not have. Not losing focus of the goal is key, and being the CEO of the largest and most profitable drug testing company is the only thing that will accomplish this. The retirement of some of the OS, IMO, will get them there much faster. It's not a gimmick like so many ploys pinks use sometimes. It is a solid idea that would have solid benefits for everyone.

I remain,

SOROS