[LBWR]: Scam company Labwire, Inc. files 2008 financials with the SEC - Net Income for 9 months drops significantly - by 57% - from 2007

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After all the pumping and hyping of the business in 2008 of scam company Labwire, Inc. (LBWR) by the company and its promoters, it turns out that its Net Income dropped significantly for the 9 months ending September 30, 2008 from the same period in 2007, by 57% to only $145,367 - with a 10% drop in Revenues for the same period. One must remember that during the last few years, the company and its promoters were saying that this was a fast growing company, with all those new contracts signed by LBWR with those humongous companies.

Oops, what happened?

Not only did the 2008 9 month Net Income drop significantly from 2007, but each of the quarters also dropped substantially: First quarter 2008 Net Income was 110% lower than 2007, resulting in a loss for the quarter; Second quarter 2008 Net Income was 60% lower than 2007 and Third quarter 2008 Net Income was down 26% compared to 2007, as per the SEC filings for LBWR:

First Quarter, March 2008 10-Q: http://snipurl.com/9a9ss

Second Quarter, June 2008 10-Q: http://snipurl.com/9a9o4

Third Quarter, Sept. 2008 10-Q: http://snipurl.com/9a9p2




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[LBWR]: Promoter Creede Bighorns - Working his tail off to pump and hype stocks

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A classic example of how Promoter Creede Bighorns works the stock message boards to promote and hype stocks as chronicled by cybersleuth carmelbeach on the Raging Bull message board for scam company Labwire, Inc. (LBWR). The end result - another stock, this time NNYG/NNYR, that ends up losing more than 95% of its value, down to $0.0001/share:


http://ragingbull.quote.com/mboard/boards.cgi?board=LBWR&read=1795&submit=Go&endat=2366&numposts=20




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[SLJB]: Former CEO of scam company Sulja Bros. Buildling Supplies, Ltd, Petar Vucicevich, charged with criminal fraud by the Canadian Authorities

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http://www.newswire.ca/en/releases/archive/December2008/15/c9950.html


ROYAL CANADIAN MOUNTED POLICE

Stock market manipulation results in criminal charges

WINDSOR, ON, Dec. 15 /CNW/ - The Toronto Integrated Market Enforcement
Team ("IMET") of the Royal Canadian Mounted Police arrested and charged Petar VUCICEVICH, age 43, of Harrow, Ontario, with two counts of Fraud. Restraining Orders for 11 real properties, in the Colchester, Ontario area, were also obtained.

The investigation began following a referral from the Ontario Securities Commission ("OSC"). The charges relate to allegations that between July 31, 2006 and December 31, 2006, VUCICEVICH orchestrated and participated in the market manipulation of the shares of Sulja Bros. Building Supplies Ltd. ("Sulja"). Sulja is owned by Sulja Brothers Building Supplies Ltd. ("Sulja Brothers"), a small lumberyard located in Harrow, Ontario. During the time the alleged fraud was perpetrated, Sulja was a publicly traded company quoted on the Pink Sheets in the United States under the symbol "SLJB".

It is alleged that VUCICEVICH, as the interim President, CEO and
controlling mind of Sulja Brothers, caused a number of false and/or misleading press releases to be issued in order to generate and sustain interest of prospective investors in shares of Sulja. Additional shares were issued directly from treasury without cost to VUCICEVICH. The shares were subsequently sold for profit on the public market through accounts allegedly held by nominees. The profits generated from the trading of these shares was in excess of $11.5 million(USD). Police allege that a portion of the proceeds of the fraud were used to purchase the properties for which the Restraint Orders were made. The properties under restraint are valued at in excess of $1 million dollars(CDN).

After taking control of Sulja Brothers, police believe the company was
depleted of assets and it ceased operations earlier this year, putting the
company's thirty (30) employees out of work. A new location was opened in
Calgary, Alberta and was to be known as Premium Building Supplies, however, the business never became operational.

During the two year investigation, Toronto IMET investigators seized
volumes of documentary evidence and interviewed many witnesses including
former employees and owners of Sulja Brothers, business associates, creditors and investors.

Since December 22, 2006, Sulja Brothers, VUCICEVICH and others have been
the subject of a Temporary Cease Trade Order issued by the OSC. A hearing on the merits in this matter is scheduled to commence on November 16, 2009 before the OSC.

VUCICEVICH will appear in court in Windsor later today.

IMET is part of the RCMP's Financial Crime Program and was created to
protect the integrity of the Canadian economy and its capital markets. IMET
brings together specialized investigative skills from the RCMP and
participating agencies. The objective of IMET is to maintain investor
confidence in Canada's capital markets by deterring market fraud and theft through enhanced enforcement and prosecution of serious market fraud and theft offences in Canada. The investigative work of IMET complements the work of the financial markets' regulatory organizations.

"Frauds of this nature have a destabilizing effect on the economy and
shake investor confidence in the capital markets. This particular matter had a
devastating effect on the micro economy in the small town of Harrow. Thirty
people lost their jobs and investors lost a substantial amount of money", said
Superintendent Kevin Harrison, the Officer in Charge of Toronto IMET.

He added, "We hope that the laying of criminal charges in this case sends
a clear message to perpetrators that the IMET's will aggressively investigate
complaints of this nature and, with the assistance of the Attorney General for
Ontario, vigorously prosecute the offenders. We also hope that the restraint
of the properties, a first for the IMET Program, will send a message to
fraudsters that we will also pursue their ill gotten gains."

Integrated Market Enforcement Teams are also located in Vancouver,
Montreal and Calgary as part of the Government of Canada's strategy to combat serious capital market fraud in Canada.

For further information: Sgt. Marc LaPorte, RCMP "O" Division Media
Relations, Office: (519) 640-7302, Cell: (416) 992-4409



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[LBWR]: Promoter Paul S. Davis ("rrufff") continues to defend scam company Labwire, Inc.

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From the Silicon Investor Message board for scam company Labwire, Inc. (LBWR). It seems that promoter Paul S. Davis (rrufff) continues to defend scam company Labwire, Inc. after it just filed an amended form 10 and 3 10-Q's for the Year 2008. Somehow, just like he did with scam company Sulja Bros. Building Supplies, Ltd. (SLJB), this promoter just doesn't stop with the attacks on the people that have brought out the red flags on LBWR.

the_worm06 had previously correctly predicted that scam company LBWR would have to restate its financials statements filed with the SEC, only to be attacked by promoter Paul S. Davis and others in defending scam company LBWR.

The details of the filings, which will be fully reviewed in this blog in the near future, show that LBWR had to restate its 2007 financial statements previously filed with the SEC, which fraudulently showed Net Income to be a multiple of the actual amount due to hundreds of thousands of dollars in mysterious revenues that somehow showed up in its previously filed financial statements. Among other omissions and misstatements, LBWR also acknowledged that it fraudulently omitted that it had issued 2.2 million LBWR shares to insiders in the 2nd quarter of 2008 - something which was falsely used by the Promoters to pump the LBWR stock by saying that LBWR had gone for a long period of time without issuing new shares, particularly to insiders.


http://siliconinvestor.advfn.com/readmsg.aspx?msgid=25275801


To: Creede Bighorns who wrote (1365)
12/24/2008 7:28:42 AM
From: rrufff
Read Replies (1) of 1367

Yes, and big congrats to you and other longs for patience, that hopefully will prove rewarding in the long run.

Have you already noticed that the crew of critics are huddling and will be trying new tactics, likely under the scenario of "throw a lot of manure on the wall and see what sticks."

Look for the change from "won't ever file," to "it really doesn't matter if they file."

and/or

"See, they had to restate a relatively small amount of revenue. Nah, nah, I told you. So what if they are a rare pinky that actually has revenue and isn't bleeding money. They actually found a mistake and corrected it unlike most pinkies that shuffle this under the rug."

and/or

"They made lots of mistakes in the past, in the past, they made lots of mistakes, lots of mistakes in the past, in the past, in the past, in the past, in the past, in the past, in the past, blah, blah...."

and/or

"Posters in LBWR previously posted about stocks that turned out to be scams so LBWR must be a scam."

and/or

"Dexter goes to church with someone who paid the illegal gardner in cash." LOL.

Don't forget there are a lot of aliasses with egg on their faces, who claimed .001 or even .0001. I don't know the percentage of error on those "predictions," but they clearly establish that those who claim to be "always right" are anything but that.

One thing that hasn't gotten a lot of attention that I found interesting was that an accredited investor apparently bought shares for .15. Presumably, this is someone who is in a position to do extensive DD and has made a decision to buy stock. It is interesting also that we regular investors can buy for much less at this point than someone in a position of the accredited investor.

During the first quarter of 2008, the Company sold 100,000 shares of its common stock to a single accredited investor at a per share price of $0.15.


Take care and Merry Christmas.





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[SLJB]: Executive Director Thomas S. Dubel of Chemung County Neighborhood Legal Services, Inc.

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Does Mr. Dubel know of the involvement in legal representation by one of his staff attorneys, Mr. Phillip J. Barton of Elmira, NY, of promoter Peter W. Barton, who has been fraudulently promoting scam company Sulja Bros. Building Supplies, Ltd (SLJB)?

here we go:

http://theworm06.blogspot.com/2008/10/sljb-attorney-phillip-barton-of-elmira.html




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