Replies to post #14565 on Labwire Inc (LBWR)

[EarnestDD]

Oops ... so where the 10Q for Q1 says that there are NO LAWSUITS ... that would be False and Misleading Information.
jmo

In response to the many queries on this site I'd like to clarify a few things.

First item the audited financials included in the December 31, 2008 10-K filed on May 8th, 2009 contained false or misleading information and that fact was communicated both to Moore & Associates, and Labwire in a certified letter dated June 8th, 2009.

The lender was Northamerican Energy Group, Inc. the interest rate was 1% payable every 15 days.

In addition Moore & Associates and Labwire's were informed that the 10-K failed to recognize or inform the stockholders, the SEC, and the public that the Promissory Note was in default on April 1st, 2008 and should have been disclosed as a later day information since the filing did not occur until May 8th, 2009.

On May 28th, 2008 Northamerican Energy Group Inc. filed a lawsuit in the 506th District of Waller County, Texas (Cause No. 09-05-19819) to recover the principal and interest due Northamerican Energy under the defaulted note and that fact was not properly disclosed in Item 1. Part II Legal Proceedings of the 10-Q just filed.

Northamerican Energy has, and did not, seize the collateral as stated in the 10-Q by Labwire and that stock certificate is being held by a mutually agreeable 3rd Party pending disposition of Northamerican's lawsuite against Labwire to recover the principal and past due interest.

[joev2]

So, what's going on...really going on? You guys both claim to be Christians and now you're suing him? Is Dexter a sociopath? These are serious questions. What kind of company IS Labwire? You were the one who introduced this company to so many. How do you feel about it now?

[EarnestDD]

Truly MANY things that should have been disclosed in the 10Q that was filed August 12/09.
jmo

In response to the many queries on this site I'd like to clarify a few things.

First item the audited financials included in the December 31, 2008 10-K filed on May 8th, 2009 contained false or misleading information and that fact was communicated both to Moore & Associates, and Labwire in a certified letter dated June 8th, 2009.

The lender was Northamerican Energy Group, Inc. the interest rate was 1% payable every 15 days.

In addition Moore & Associates and Labwire's were informed that the 10-K failed to recognize or inform the stockholders, the SEC, and the public that the Promissory Note was in default on April 1st, 2008 (sic 2009) and should have been disclosed as a later day information since the filing did not occur until May 8th, 2009.

On May 28th, 2008 Northamerican Energy Group Inc. filed a lawsuit in the 506th District of Waller County, Texas (Cause No. 09-05-19819) to recover the principal and interest due Northamerican Energy under the defaulted note and that fact was not properly disclosed in Item 1. Part II Legal Proceedings of the 10-Q just filed.

Northamerican Energy has, and did not, seize the collateral as stated in the 10-Q by Labwire and that stock certificate is being held by a mutually agreeable 3rd Party pending disposition of Northamerican's lawsuite against Labwire to recover the principal and past due interest.

[EarnestDD]

I would think that both Moore and Labwire are in DEEP DOO DOO because of this matter:

"In addition Moore & Associates and Labwire's were informed that the 10-K failed to recognize or inform the stockholders, the SEC, and the public that the Promissory Note was in default on April 1st, 2008 (sic 2009) and should have been disclosed as a later day information since the filing did not occur until May 8th, 2009."
jmo