Replies to post #13139 on Labwire Inc (LBWR)

[Gmenfan]

Very nice post rrufff!!

[creede]

rrufff,

thanks for taking the time to write that post. I think it is extremely fair and balanced. I went ahead and sent a copy of it to Dexter.

Agree on all points. Share count is the #1 most important thing. For proof, just look at what happened to Spooz or Eternal Image when they decided the ends justified the means. Good for the company, but very bad for the shareholders.


Oh, and I absolutely love this part.



"This is not a tough assignment and it can and should be done. They don't need a full time 6 figure guy. It's primarily accounting and organizing and creating systems. It can be part time with overseeing some lower paid or even student help.

Once the potential hire starts talking issuing shares, throw him out!!!!"



That says it all!


Have a great weekend.

[inspro]

well put , er....Doc , Wyatt should have already had that implimented LOL

[Robsct]

As for uplisting, it's a plus and they have created an expectation. Failure continues a pattern of over-promising and under-delivering. Yes, they are "less bad" than most pinkies but that's not what we want.

There is certainly an expectation after three years of "uplisting" being trumpeted here and on SI. There is an expectation to have timely filings too. I was told someone was hired in the office to help with the uplisting and filings. But when Dexter is gone everything stops. Clearly someone who can file 10-K's and answer SEC questions for the uplisting needs to be hired. Someone who has the authority to do these things. Someone who can carry on when Dexter is out because of family emergencies. We can't afford to have filings stop when Dexter is gone.

Labwire is growing and a very promising investment that just needs to take the next step.

[SOROS]

Absolutely! In this environment, I guarantee you there are many sharp, young CPA's looking for work and willing to do it for an annual salary of $40-60K. If adding a smart, young, CPA to the payroll will reduce the pressures on Dexter (and he certainly needs that until his wife recovers) and get the deadline issues resolved, it would be WELL worth it.

Creede, if you have his ear, tell him this. These guys are out there looking for work. Dexter could run $100 ad and have scores of applications to pick from. He should tell them what he expects, make them a low offer, tell them if they perform extremely well, their salary can rise each quarter up to a limit. I would not even be against giving the CPA stock options, but make them at a realistic price to stimulate productivity -- like .25 and good for a couple of years.