Labwire Inc (LBWR)

[the_worm06]

There is very little humor in LBWR reporting that they had a substantial loss of greater than $200,000 for the 2008 4th quarter, leading to a net loss for all of 2008.

There is also very little humor in LBWR once again to having to Restate their audited financials, particularly restating the 2005 net income into a substantial net loss of more than $2.0 million due to the issuance of $2.4 million worth of LBWR stock for services rendered that was not previously added to expenses in the 2005 Income Statement filed with the SEC.

The above will cause the LBWR stock price to drop to below one penny per share, something that I also find to be of very little humor.



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Posted by: inspro Date: Thursday, February 19, 2009 3:46:37 PM
In reply to: the_worm06 who wrote msg# 11962 Post # of 11963

LMAO