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=25275801To: 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."
"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."
"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...."
"Posters in LBWR previously posted about stocks that turned out to be scams so LBWR must be a scam."
"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. ________________________________________________