CURRENT LABWIRE DD <br /> <br /> Labwire stopped filing financial reports after filing Q1 of 2009 so now the company has gone dark and is listed at pinksheets as "no information". <br /> <br /> As of the last filing... <br /> <br /> Labwire had for some time been struggling to maintain it's current revenue of about $4 million annually. <br /> <br /> Labwire initiated severe cost cutbacks to reduce over head. <br /> <br /> On top of what Labwire owes Jon Ginder ($280,000) it also owes Frost Bank a lot of money. <br /> <br /> LOAN AGREEMENT WITH FROST BANK FOR $300,000 DUE FEBRUARY 13, 2010 <br /> LOAN AGREEMENT WITH FROST BANK FOR $241,932 DUE MARCH 4, 2011 <br /> <br /> That's a cash liability of $821,432 Labwire owes. And it could be more since the filings are a year old. <br /> <br /> Jon Ginder has filed suit against Labwire for nonpayment of it's $280,000 debt to him. This information should have been reported but was ommitted in the last filing. <br /> <br /> According to the last filing Labwire converted shares for old debt of 2.2 million and 1.7 million shares. That's 3.9 million free trading shares (dilution) when they sell. <br /> <br /> The company has tried and failed twice to uplist to the BB exchange. <br /> <br /> It's accounting firm Moore & Assoc. has been charged with fraud by the SEC. As a result all financial reports for the company are tainted. <br /> <br /> CEO Dexter Morris in 2006 used Labwire money to start another Company, K-9 Security, of which Morris and another corporate officer, Eric Linden, each own 50%. The office and dog kennels for K-9 are at Labwire home office and Labwire does all the office work and bookkeeping for a 5% fee. The Labwire cash advances to K-9 for startup were over $250,000 and there is no record that was ever paid back. There was an accounting change and that item stopped being reported. Why isn't K-9 Security a wholly owned subsidiary of Labwire as it should be? <br /> <br /> The last new contract was Evergreen Aviation announced about two years ago. The company has had no PR's in a year. <br /> <br /> The wife of CEO Dexter Morris has a long term serious illness causing Morris to neglect business to care for her.