Labwire Inc (LBWR)

[the_worm06]

The $50 million revenue target for LBWR issued by LBWR CEO Dexter Morris was for the year 2008. LBWR revenues for 2008 will probably come in the $4-5 million range, considerably lower than the $50 million target.

How can the CEO be believed on any more "targets" after this foolish fiasco?




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Posted by: milo3 Date: Sunday, April 06, 2008 4:49:41 PM
In reply to: Creede Bighorns who wrote msg# 5133 Post # of 11706

Creede, your numbers represent a very reasonable calculation of the potential price per share. CEO Morris set a $ 50 million revenue target as a target to be attained within a certain time. This $ 50 million was only a target on the way to even higher numbers.
I've no doubt Morris is after all he can get as fast as he can get it. His only sales limitation seems to be that potential clients have a lack of knowledge of the benefits they can receive as Labwire customers.
milo3