the_worm06

Thoughts, Comments and Research on Publicly Traded Companies and Internet Stock Message Boards

Wednesday, March 12, 2008

[LBWR]: Promoter "Creede Bighorns" and Labwire, Inc. CEO Dexter Morris - working together to hide the truth from investors

.
.
A week ago, the_worm06 raised the very important issue - that of Dexter Morris, the CEO of Labwire, Inc. (LBWR), using two different official names for himself in separate legal government documents, in addition to using two different corporate names for the same LBWR related entity owned 50% by him. Here is what was written by the_worm06.

You would think that the LBWR CEO would attempt to clarify the issue through the same channels that he has clarified other issues during the last two years, namely through the use of his message board representative, Promoter "Creede Bighorns". Yet the following is what Creede Bighorns had to say about this very serious discrepancy in legal government documents:

3/6/2008 9:38:19 PM
"I can't see where G for George or Security dropped off the title amounts to a hill of beans. I'm sure it's just a registration glitch, after all, the address is the same. "

3/7/2008 7:40:24 AM
"Looks to me that it's just a matter of semantics, and the DD actually just proves that Labwire is registered with the Texas Department of Public Safety"

3/7/2008 7:56:50 PM
"Spoke to Dexter today for just a minute. He says that George is his first name, and that Labwire Security was a company put together on the front end to accommodate the K9 business when first approached by Shell. He said that it's fully disclosed in the footnotes in the 10sb, and therefore nothing they are trying to hide"

[NOTE: PROMOTER "CREEDE BIGHORNS" IS A MODERATOR ON BOTH THE INVESTORSHUB.COM AND SILICON INVESTOR MESSAGE BOARDS FOR LBWR - something which allows him to conveniently delete any posted messages that are negative about LBWR, or ask simple questions about discrepancies found on LBWR - something that he actively did while promoting scam company ARUR/GCHR, which eventually dropped by about 97% in its stock price]


So what do we have here?

We have Dexter Morris, the CEO of LBWR, through his representative Creede Bighorns, failing to answer the questions as to why he used two different names for himself and for his 50% owned entity in two separate government legal documents. He admits that his first name is "George" and this is why he used "Georger Morris" in the Texas filing, but he doesn't explain why he has used a different name, "Dexter Morris" (and G. Dexter Morris), in all the press releases and in the SEC filings for LBWR.

In addition, there is no attempt to clarify which corporate name represents the real 50% owned entity, "Labwire Security, Inc." or "Labwire Security Services, Inc." - notice that promoter Creede Bighorns uses only the common part of the two names, "Labwire Security" in his quotes above.

Promoter Creede Bighorns quotes CEO Morris as saying that this is fully disclosed in the footnotes to the SEC filed 10sb, yet this is a completely false and misleading statement, because as pointed out in the_worm06 report from last week, "George Morris" and "Labwire Security Services, Inc." are nowhere to be found in the LBWR 10sb text or footnotes. Take a look again here.

What is Dexter Morris, the CEO of Labwire, Inc. (LBWR) hiding here?

Again, the_worm06 asks:

What is the official name of the corporate entity that is 50% owned by CEO Morris and is doing business with LBWR:

"Labwire Security, Inc."
or
"Labwire Security Services, Inc."




_______________________________________________

0 Comments:

Post a Comment

<< Home