Labwire Inc (LBWR)

[lurker_0]

Hi all,
I'm pretty new to this so take it for what it is. I did a bit of DD on LBWR and wanted to put it out there. I really don't know what to make of it but here goes:

https://sec.report/otc/financial-report/291053

On 5 May, Alpharidge Capital purchased control rights for LBWR from International Venture Society.

Frank Igwealor controls Alpharidge Capital and re-sells shell companies like LBWR. He also directly controls a number of publicly traded companies.

Robert (Bob) E Altermatt was appointed President, CEO, Treasurer, Secretary and Director of LBWR

The annual report states: https://sec.report/otc/financial-report/291619
The Company plans to acquire an operating company via reverse merger in the 2nd half of 2021. The operating company and terms of a transaction have not yet been determined.

This is where it gets a bit murky for me. I'm trying to find out if Bob Altermatt is a placeholder CEO until the reverse merger takes place or something else since he also recently became VP at another company as well.

https://www.prnewswire.com/news-releases/video-river-networks-acquires-drng-and-hires-northrop-grumman-aerospace-veteran-301334823.html

https://sec.report/Document/0001760319-21-000058/


Frank Igwealor recently acquired Drone Guarder (DRNG) and appointed Bob Altermatt as the Vice President in charge of Drones and Artificial Intelligence.

This is some background information I found on Robert (Bob) E Altermatt
https://www.linkedin.com/in/bob-altermatt-16a62762

He worked for Northrup Grumman Dec 1982-Nov 2009 27 years. His last position was a recruiter “Talent Acquisition Operations Manager” but I don't know what positions he held before that.
He is/was also an adjunct Faculty member (Chemistry) at El Camino College in Torrance CA. 2006-Present.