RxPC Inc (fka RXPC)

[LabPass]

Sorry I had to go to sleep last night. Review John bells response last year.




Date: Fri, 21 Jul 2006 12:13:11 -0500
To: "david gennings" <[e-mail]>
From: "John A. Bell" <[e-mail]>
Subject: Re: Reality of RXPC.PK and associated companies DLS etc.

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Hi David,

I think that you have hit it "right on" in your write up based on what I have observed and found out in the resent 2-3 months. I have officially resigned from all his dealings (directorships and lab consulting) and he will be receiving a letter shortly, from my attorney, about removing everything about Direct Labs and myself from his web site. I have spent 20 years building an honest business, with good cash flow and assets, and do not need to be involved with someone like you have described below. I had got taken on a ride with this situation and trusted that he was trying to do the right thing, but when his CFO (an honest straight forward person) resigned two months ago, then I knew something was not right, and came to my own conclusion about 8 weeks ago. I own quite a bit of the stock and feel that it is not worth the paper that it is written on. Good luck to you.

Thanks, John Bell
CEO Direct Lab Services
Not associated with RXPC
800-908-0000 x205


At 09:28 AM 7/21/2006 -0700, you wrote:
> The people on Yahoo! Answers have spoken! The vote is in and the best answer to your question:
>
> What is RXPC really ?
> is from stockpicker2010:
> Wow...RXPC.I am sorry but there are many problems with this stock. First, notice that in the symbol itself, it is traded as ".pk," which means that they are traded on the "pink sheets." The pink sheets were designed as a way to publicly trade companies that have little money for attorneys and the like who will file SEC papers for them. It is used for companies who were on bigger exchanges but their stock fell below exchange requirements. In other words, the pink sheets were designed to give the little guy a leg up and also as a safety net for bigger guys on the way down who are trying hard to turn a company around.Unfortunately, as is almost always the case, you have people who try to take advantage of the situation. For instance, the company is not required to list their financial statements to the public. The company is not required to list insider transactions, nor is the company required to even tell the public exactly what it is they do! In other words, the pink sheets are a breeding ground for scammers.Here is what they do. They create a "shell" company, which is basically some guy in khaki shorts and a Hawaiian shirt, smoking a cigar, usually in Florida for some reason, inventing a "company" completely out of thin air. He files the papers with the SEC and they grant him the right to sell shares on the pink sheets. Then, he and his partners send an email from a list of penny stock suckers and "pump" the stock. "Yeah, it's great, trust me. Ninety dollars a share in three weeks, don't worry." When the shares go up, they "dump" the shares for quite a profit. Then they use that money to create another "shell" company and start the process over again. The first company dies on the vine and you are left with useless paper.Now, I am not saying that everyone on the pinks is a scammer. In fact, most of the companies there are all too happy to tell you everything you want to know. Nor can I speak directly for RXPC. I know nothing about the company and neither does anyone else. That is the problem.When you see that they are traded on the pinks and that they do not disclose any information about their business, just stay away from it like it is the plague.You can use MarketWatch.com and BigCharts.com to help you find information about these guys. If it is not there, or it says there is no profile for this company, it is a good bet that it is a pump and dump stock.There are many very good values in penny stocks but when you are playing the pennies, you have to do extra double due diligence. It looks like to me that this stock RXPC isn't going to do anything any time soon. Best thing to do is take your medicine and get out. Valuable lesson learned. Call it a day.Best of luck to you! I did verify a few things on this company and its claims. They apparently do not actually own anything and use a mailbox for thier address. According to Directlabs a small business that is a minor player in the screening business. The acquisition has little chance of completion due to this pink sheet company not having any revenue. The company RXPC in press releases mage many very general and unsubstantiated claims of having 120 storefronts and having acquired Canada Drugs of Spring hill - which actually is in a court and is a totally separate and not affiliated in any way to RXPC. There are many claims made by the company but little if any actual verifiable true statements. All of the acquisitions are of fictional companies or non existant increases in revenue. The biggest concern is the lack of financials especially after the announcement of "engaging" the accounting firm to help in steering the company toward the NASDAQ. First "engaging" a firm could mean they simply called up the firm and asked a question and not in any way retained them. So that is a smokescreen. The facts that are available are the press releases if you read into them show that most times in the acquisitions and employment agreements - those companies and people are later fired and the acquisitions are in dispute and the company only states in press releases that everything is fine. Take William Folino the company's VP of Marketing, in one press release he is under an employment agreement, then in a tiny press release he never signed the agreement, then if you look up Mr Folino, he is involved in questionable practices and has been fined and convicted by the court and is all over the CFTC website. I would stay away. The biggest concern and telling thing is the non working emails at the RXPC website and the fact that the phone number is manned by the CEO -Mr Fiorillo. My opinion based on the available facts is that this is a dog of a stock and is designed to swindle folks into wasting money not unlike the Bob Magnon "Boiler room " movie. If you have a way to dump it do it. If you are considering buying, dont its too risky and most likely you will lose your shirt. This company and the CEO represented are most likely run out of someones basement in Delaware or probabally a teenager playing on the internet, who knew enough to incorporate and pretends to be a success. A successful company has assets and revenue, and generally has a staff to answer calls and actually delivers an actual product. Beware.
>
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John A. Bell
Direct Laboratory Services, Inc.
300 Mariners Plaza Suite 321
Mandeville, LA 70448
[phone] x205
www.DirectLabs.com