[LBWR]: Promoter Creede Bighorns ("Cris") posts false and misleading statements about Labwire, Inc. SEC filings
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Faced with almost a 50% drop in the stock price of Labwire, Inc. (LBWR) in recent months, it seems that promoter Creede Bighorns ("Cris"), the 37 year old part-time lab technician from Methodist Hospital of Memphis continues to post false and misleading statements about LBWR and its business.
In this situation, Creede Bighorns falsely stated that the form 10 filed by LBWR with the SEC is "pristine". He has previously falsely stated that the SEC has fully accepted the form 10 and therefore LBWR is ready to be uplisted to the OTC Bulletin Board from the pinsheets.
In previous blog entries on Labwire, Inc., the_worm06 has predicted that LBWR will have to restate the financial statements included in the form 10 filed with the SEC and has suggested that the books might be cooked.
here is the post on the Silicon Investor message board for LBWR:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24553009
To: sandintheshorts
who wrote (697) 5/1/2008 6:07:15 PM
From: Creede Bighorns
1 Recommendation of 703
Late to the party chasers? What's that? This stock has been around for years, and should be around for a whole lot longer (unless they are bought out). Imvho, there are no bad entries - some will just take longer than others.
Come on shorts, really take a hard look here. You have to admit that 23 pages at EDGAR is pristine. God willing this stock will uplist, and it will continue to add Fortune 500 clients to the list. Tell you what, will you be a believer when you see the first 8k?
GB-ND
creede
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Faced with almost a 50% drop in the stock price of Labwire, Inc. (LBWR) in recent months, it seems that promoter Creede Bighorns ("Cris"), the 37 year old part-time lab technician from Methodist Hospital of Memphis continues to post false and misleading statements about LBWR and its business.
In this situation, Creede Bighorns falsely stated that the form 10 filed by LBWR with the SEC is "pristine". He has previously falsely stated that the SEC has fully accepted the form 10 and therefore LBWR is ready to be uplisted to the OTC Bulletin Board from the pinsheets.
In previous blog entries on Labwire, Inc., the_worm06 has predicted that LBWR will have to restate the financial statements included in the form 10 filed with the SEC and has suggested that the books might be cooked.
here is the post on the Silicon Investor message board for LBWR:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24553009
To: sandintheshorts
who wrote (697) 5/1/2008 6:07:15 PM
From: Creede Bighorns
1 Recommendation of 703
Late to the party chasers? What's that? This stock has been around for years, and should be around for a whole lot longer (unless they are bought out). Imvho, there are no bad entries - some will just take longer than others.
Come on shorts, really take a hard look here. You have to admit that 23 pages at EDGAR is pristine. God willing this stock will uplist, and it will continue to add Fortune 500 clients to the list. Tell you what, will you be a believer when you see the first 8k?
GB-ND
creede
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posted by the_worm06 | 5/02/2008 12:05:00 AM
29 Comments:
Alright, what the heck, I will bring the fight to you.
Why are you letting your anger dominate your thinking? Labwire has been as trasparent a pink as there has ever been. This stock has done what so many before it have not - deliever AF's and a Form 10.
Of course, this is not about Labwire.... this is about you hated of rrufff and all those that call him a friend.
Will you "tap out" when you see the first 8k?
GodBless-NoDoubt
creede
Consider this deeply.... it might help.
"There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt prior to investigation."
- Herbert Spencer
Creede,
What is it about LBWR issuing false and misleading Press Releases that you don't get?
What is it about LBWR filing false and misleading financial statements with pinksheets.com that you don't get?
What is it about LBWR filing false and misleading financial statements with the SEC that you don't get?
good luck to you
regards,
the_worm06
So with you there is no way to win. They don't have to even release PR's, but since they did they are "misleading". They didn't even have to file pinksheet reports, but since they did they are "false". They did not even have to uplist, but since they are you are going to just dismiss it again as "false". Come on, how likely is that? It's one thing to issue PR's with misleading statements, but to directly lie to the SEC - not too likely.
And what would the motive be? They have not sold any of their shares - ever. Answer that.
GB-ND
creede
Creede,
You are way out of your league. Comparing your ability to review and analyze financial statements to someone that has spent 30 years doing this as a consultant and Investment Banker, including the retainment of forensic accounting work - and has an MBA in Finance and Accounting from the top Business School in the coutry in addition to his Ivy League School education as an undergraduate - is a little silly isn't it?
Take some time to review the pinksheets financial statements, which by LBWR's own admittance, they have submitted false and misleading statements TWICE - as they have had to twice restate their own financials.
then
Take some time to review the financial statemetns filed with the SEC by LBWR, and with a little bit of luck, you might find the false and misleading statements filed by LBWR.
Regarding false and misleading press releases, it is better for a company to not issue a press release than to issue a FALSE AND MISLEADING PRESS RELEASE.
Regarding your statement:
"They have not sold any of their shares - ever."
THIS IS COMPLETELY FALSE STATEMENT BY YOU.
If you review the SEC filings by LBWR you will see that LBWR HAS ACTUALLY ISSUED AND SOLD SHARES DURING THE LAST FEW YEARS.
Grow-up and stop attempting to challenge experts in this field, you are way out of your league.
Spend more time in your part-time emergency room job at Methodist Hospital of Memphis and in going part time to school, for that ever elusive four year college degree might eventually be in your grasp.
regards,
the_worm06
Being able to discern the truth is what is most important. The open mind is the key.
re selling shares - you know what I meant. Check the reports or the transfer agent. Labwire's management started with 120MM restricted common shares. They still have every one of them. Why is that when they have held them way over 2 years time?
GB-ND
c
Creede,
It is all about the truth. If you review my LBWR blog entries and my comments in this section you can see that the one thing they have in common is LBWR's failure to state the truth.
regards,
the_worm06
Why did you pick Labwire to go after anyway? It is true it is because ruff and his cohorts jumped on it seeking to promote it?
Ever think that ruff & co play unknowing companies to get you to place the company in your crosshairs? Then THEY short it knowing you are doing your thing?
It is a fairly well documented pattern now. Ruff & co show up on a stock uninvited trying to pump it. Then you and Shortsinthesand & Co show up and the share price goes down to where you predict.
Someone is making money on the banter back and forth between all of you all on these stocks. It would also seem these guys bait you on purpose knowing the eventual outcome for the share price. They don't care abut the companies, they just have an agenda. Getting you on focused on the company seems like it is one of their agendas - Phase 2, so to say after they have pumped it up.
What is the deal? How is it you are able to know and publish these "promoters" real names, addresses, work history, ect when they are supposed to be "anonymous" and not even known to the companies they show up and target to hype?
Please respond.
Oh, now this IS funny. The conspiracy theory behind the conspiracy theory.
Robert, do you recall saying this about me?
Monday, February 13, 2006
Excellent Post by Creede Bighorns
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http://www.siliconinvestor.com/readmsg.aspx?msgid=22162553
Creede, you are ok in my book
regards
the_worm06
GB-ND
creede
Roberto, who is it here you are talking about? You were born in 1970, so I know it can't be you.
You are way out of your league. Comparing your ability to review and analyze financial statements to someone that has spent 30 years doing this as a consultant and Investment Banker, including the retainment of forensic accounting work - and has an MBA in Finance and Accounting from the top Business School in the coutry in addition to his Ivy League School education as an undergraduate - is a little silly isn't it?
GB-ND
creede
Now let's talk about transparency. You do acknowledge that almost all the scams (HISC, PLNI, RSHN, VWMK, etc) use gagged transfer agents. Labwire has used Holladay from the beginning - even when they were activity selling 504 shares. Holladay, in case you do not know, is so transparent that they even disclose the restricted shares. Isn't this an odd thing for a scam company to do?
GB-ND
creede
In this situation, Creede Bighorns falsely stated that the form 10 filed by LBWR with the SEC is "pristine". He has previously falsely stated that the SEC has fully accepted the form 10 and therefore LBWR is ready to be uplisted to the OTC Bulletin Board from the pinsheets.
pris·tine Audio Help /ˈprɪstin, prɪˈstin; especially Brit. ˈprɪstaɪn/ Pronunciation Key - Show Spelled Pronunciation[pris-teen, pri-steen; especially Brit. pris-tahyn] Pronunciation Key - Show IPA Pronunciation
–adjective 1. having its original purity; uncorrupted or unsullied.
2. of or pertaining to the earliest period or state; primitive
3. immaculately clean and unused
Yeah, I would say that it fits if you consider the Form 10 has not been ammended (original), and it had not one comment (immaculately clean).
Now who's opinion has more weight than the SEC?
GB-ND
creede
Interesting. If you use definition #1 then yes I am a promoter. If you are referring to one that is paid - then promoter am I none. :-)
GB-ND
creede
pro·mot·er Audio Help /prəˈmoʊtər/ Pronunciation Key - Show Spelled Pronunciation[pruh-moh-ter] Pronunciation Key - Show IPA Pronunciation
–noun 1. a person or thing that promotes, furthers, or encourages.
2. a person who initiates or takes part in the organizing of a company, development of a project, etc.
3. a person who organizes and provides financial backing for a sporting event or entertainment.
4. Chemistry. any substance that in small amounts is capable of increasing the activity of a catalyst.
5. Also called collector. Metallurgy. a water-repellent reagent enhancing the ability of certain ores to float so that they can be extracted by the flotation process.
6. Genetics. a. a site on a DNA molecule at which RNA polymerase binds and initiates transcription.
b. a gene sequence that activates transcription.
7. Obsolete. an informer.
--------------------------------------------------------------------------------
[Origin: 1400–50; late ME; see promote, -er1; r. earlier promotour
Creede,
Stop your nonsense. You are way out of your league here. If you are going to attempt to debate the_worm06 on LBWR or on any other ocmpany at least use some common sense.
1. I was not born in 1970.
2. Being transparent in no way, and under any circumstance, means that you are not a fraudulent entity. If you believe this then you probably invested in LBWR...oops you did invest in LBWR.
3. A "pristine" form 10 filed with the SEC would imply one that does not include false and misleading statements by the company that filed it. The fact that LBWR has not filed an amended form 10 means just that - that it has not filed an amended form 10 - no more and no less. It does NOT mean that the SEC has not made any comments and it does not mean that LBWR will not file an amended form 10 in the future.
wake up and please realize that you are way over your head here.
regards,
the_worm06
the_worm06 said...
Creede,
Stop your nonsense. You are way out of your league here.
Obviously not, since you dodged most all of my previous questions.
Trust me when I tell you that fighting against me regarding Labwire is not a fight you can win. I have spent over 2 years in Labwire, and have countless hours of DD invested in the company and the man. I know what I own, and therefore will stand up and tell you beyond a shadow of doubt that you decidely do not know what you are talking about in this instance. Yes timeframes have not been met - but then again predicting the future is a tough thing to do. That said, Labwire and it's CEO have done things above and beyond what is ever seen in a pinksheet. They have provided a measure of transparency almost never seen in the flamingo's. They have actually filed a 23 page Form 10 (this is NOT SLJB!), and I believe it has passed without comment. Tell you what, will you concede the victory to me if they uplist without comment from the SEC? Furthermore, will you concede that LBWR.ob might be a good investment if they show contracts via 8k's with at least 5 Fortune 500 companies?
GB-ND
c
Come on...... I dare you to say "yes". Why wouldn't you if you are so sure of yourself? Surely an EMT-IV could not beat an IVY league undergrad.
the_worm06 said...
2. Being transparent in no way, and under any circumstance, means that you are not a fraudulent entity. If you believe this then you probably invested in LBWR...oops you did invest in LBWR.
I did not say it absolutely ruled out being fraudulent. I said it was odd. You dodged the question.
Isn't this an odd thing for a scam company to do?
GB-ND
creede
Have you even taken the proper amount of time to do your DD on me? You do know I am the founder of the Nano Cap Fight Club (NCFC), right? Now isn't it odd that I moderate a thread that is at war with paid promoters if I am supposed to be one?
Your version of the truth is truly warped.
The NC Fight Club's Declaration of War ~> http://www.investorshub.com/boards/read_msg.asp?message_id=17004906
The Nano Cap Fight Club (NCFC) is a multi-stock thread that focuses on market caps, transparency, share structure, preservation of capital, and the integrity of management. The NC Fight Club strives to find stocks that are "shareholder-friendly" and will "fight" over the due diligence that proves it one way or another.
Oh let me guess, you are one of those that believe the " conspiracy theory behind the conspiracy theory" logic.
The real question here is how are you going to feel when you realize that your contempt and closemindedness kept you from passing on one of the best OTC investments the market has ever offered.
GB-ND
creede
"There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt prior to investigation."
- Herbert Spencer
Creede,
You are being silly here. Have you not had a chance to review my previous blog entries on LBWR?
Wait until you review my upcoming new LBWR blog entries that will be made during the next few weeks.
You are way out of your league here.
Take some more time to review the current form 10 that LBWR has filed with the SEC. See if you can catch the false and misleading parts.
What is it about my prediction that LBWR is going to have to issue restated financial statements that you don't understand?
You might remember that we were at exactly the same stage with ARUR/GCHR where I predicted restatement of financials. You belittled my predicton on this matter. Then, all of a sudden ARUR/GCHR issued not one, not two, not three, not four, but five restatements of its financials.
regards,
the_worm06
Roberto,
this isn't 2005 nor is it GCHR. I have come a long way in my OTC education, and I have certainly learned that transparency is something - but it is not the only thing. GCHR was transparent, but the business was decidedly nonexistant - and the filings did reveal this very thing. I believed what the IR guy told me regarding to future revenues and dilution. In time it became apparent that I was played, and that the invesment was sunk. Live and learn.
So, now it's 2008 and I have been in LBWR for over 2 years. Over such time, George Dexter Moris has earned my trust. He told me the o/s would hold - and it certainly has. Heck, there has been almost ZERO dilution over the last 18 months. Impressive, no?
Also, the AF's prove that the contracts and revenue are real. Of course the numbers were not perfect, but just the same they do have real revenue - and it's not too shabby. A far cry from GCHR, SLJB, or PLNI - you have to admit.
Roberto, you dodged my offer. Are you afraid of a measley EMT?
Tell you what, will you concede the victory to me if they uplist without comment from the SEC? Furthermore, will you concede that LBWR.ob might be a good investment if they show contracts via 8k's with at least 5 Fortune 500 companies?
GB-ND
c
GB-ND
creede
What price do youse see lbwr going to?
Tnks
Creede,
3 years doesn't erase the fact that you pumped and hyped scam company ARUR/GCHR - urging investors to get into the stock - while all along you were selling into the market.
3 years does not erase that fact that you were saying the same thing about the audited financials of scam company ARUR/GCHR as you are now saying about LBWR - then laughed at my prediction of restated financials for ARUR/GCHR - which turned out to be correct after they restated their financial statements five times.
3 years does not erase the fact that the stock price prediction that I posted on this blog came out to be exactly correct (while you were telling investors not to listen to my predictions) - as will the LBWR stock price prediction of 2 cents/share.
Those ARUR/GCHR investors that you suckered into buying the stock while you were selling ended losing about 95% of their investment.
Regarding your comment of LBWR audited financials, yes LBWR filed audited financials with the SEC for the years 2005 and 2006 - and these showed that LBWR had filed false and misleading 2006 financial statements with pinksheets such that the $73,000 net income for 2006 should really have been a net loss of about $500,000. Some audited financials.
and further, the_worm06 continues to predict that the LBWR form 10 filed with the SEC contains false and misleading statements and will eventually be restated.
good luck again
regards,
the_worm06
Are you afraid of this?
Tell you what, will you concede the victory to me if they uplist without comment from the SEC? Furthermore, will you concede that LBWR.ob might be a good investment if they show contracts via 8k's with at least 5 Fortune 500 companies?
GB-ND
c
Roberto,
you do realize that the readers of this blog are starting to wonder why you do not agree to my offer if you feel so strongly about your DD. You must be doubting yourself, because what I have written is a very tall order, and would only be possible if the AF's are pristine, and the company a very strong one.
Tell you what, will you concede the victory to me if they uplist without comment from the SEC? Furthermore, will you concede that LBWR.ob might be a good investment if they show contracts via 8k's with at least 5 Fortune 500 companies?
Your move. Everyone is waiting to see if you really stand behind what you say.
GB-ND
creede
Hesitation means fear; fear means doubt.
What are you waiting for?
Creede,
Are you kidding me?
Yep, people are reading this blog alright, and they are wondering why you continue to make yourself look like a fool.
I will not concede to your alleged "victory" if LBWR uplists to the OTC Bulletin without SEC comments.
As I have stated, LBWR has issued false and misleading Press Releases, LBWR has filed false and misleading statements with the SEC and I have predicted that LBWR will be restating its financials.
In addition, in case you have also forgotten, I predicted a 2 cent/share stock price when the stock was trading at 21 cents/share.
good luck to you again
regards,
the_worm06
the_worm06 said...
I will not concede to your alleged "victory" if LBWR uplists to the OTC Bulletin without SEC comments.
You don't sound so sure of yourself amymore.
Round 1 goes to C. Bighorns.
:-)
GB-ND
creede
Creede,
Huh?
Back to your moronic comments again I see.
Please show me where I said that LBWR is not going to uplist to the OTC Bulletin Board?...and when you do this, please be kind enough to copy/paste the exact wording and the link.
You won't be able to find such wording from me because I never stated that LBWR WILL NOT uplist to the OTC Bulletin Board. I also never stated that LBWR will uplist.
Regarding the first round going to you. For what? Because the LBWR stock price is down 45% since my first LBWR prediction was posted?
good luck to you
regards,
the_worm06
the_worm06 said...
Regarding the first round going to you. For what? Because the LBWR stock price is down 45% since my first LBWR prediction was posted?
Very convenient that you would pick .21 as you reference point. Of course, those that know LBWR know that is not a fair starting point, but instead the result of one of our investors taking a very large position in the stock. Don't you think it would make more sense to see what the pps was when Creede Bighorns first made entry?
Ok. The first thread that I started was on iHub. Let's check the date.
Moderator: Creede Bighorns Assistants: rrufff, inspro, milo3Boardmarks: 125
Created: 2/22/2006 12:09:58 AM
And... here is the pps at that time.
2/22/06 0.076 0.11 0.076 0.08 19,000 -0.03 -27.27%
Oh my goodness, how convenient is that for your argument? Yikes, not very. Especially when you consider that there has been no reverse splits or anything like that to explain away the increase. And what is that increase exactly?
Detailed Quote for Labwire Inc. (LBWR)
$ 0.115 -0.01 (-8.00%) Volume: 92.67 k 3:31 PM EDT May 2, 2008
Yikes again! Creede's favorite stock, LBWR.pk, has increased in value from .08 to .115 over the course of the last 2 years. That's an increase of over 30%. Wow, last time I checked that really kicked the crap out of the market averages.
But let's not stop there. Let's calculate what the percentage gain was from that .21 number you like so much. Hey, easy math says if you start at .08 and end up at .21 then you have a 263% gain! Last I checked that was pretty good. Why are you trying to say it isn't good?
Roberto, the real question is why are you posting false or misleading information about Labwire?
GodBless-NoDoubt
creede
Creede,
I see that you continue with your silly arguments.
The 21 cents/share figure for the LBWR stock price was chosen because that is the price of the stock on March 4, 2008 when I started research on LBWR and when I projected 2 cents/share. No more, no less.
here is my original post on this blog regarding this matter:
http://theworm06.blogspot.com/2008/03/lbwr-theworm06-initiates-research-on.html
The LBWR stock price has now dropped to 11.5 cents/share, down 45% in only 2 months.
Regarding your predictions of the LBWR stock price, just like when you pumped and hyped ARUR/GCHR, they have been all over the place, from 30 cents/shares to 50 cents/share to $1.00/share and even higher.
In fact, you recently stated that the stock price is never going to drop below the current level, when it was trading at 16.5 cents/share. What happened?
the_worm06 has, of course, archived all of these stock price predictions by you and will be posting a report on this blog regarding your pumping and hyping of LBWR with the use of these high stock price predictions for LBWR by you.
good luck to you
regards,
the_worm06
If the stock price drops to .02. Who cares if they uplist or have contracts? Enron had even more contracts and traded on the big boards yet lied and shareholders paid the price for it. Didn't they?
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