Need Help: Shifting text in labels

I was doing this using VB6 the old days. But I really can't find a way for it using VB.NET.
The idea is to shift a text or caption of a label into the next label.

just like in this simple example:

Label Name >>>>>> Caption/Text

LBOut1 >>>>>> (NULL/No caption)
LBOut2 >>>>>> (NULL/No caption)
LBOut3 >>>>>> My name

after a second or specific time (using a timer)

LBOut1 >>>>>> (NULL/No caption)
LBOut2 >>>>>> My name
LBOut3 >>>>>> is

after a second or specific time (using a timer)

LBOut1 >>>>>> My name
LBOut2 >>>>>> is
LBOut3 >>>>>> Ali

I used to do it using vb6 by creating a label then just copying and pasting two times to create another labels with an array.
and using this code to display them by shifting:

For shift = 2 To 0 Step -1 'Shift previous hex strings up on the display
LBOUT(shift + 1).Caption = lbOUT(shift).Caption


Next shift

I really can't find a way using vb.net. I had this problem for 5days now, and I'm disappointed in my skill
Any help from you guys is much appreciated. Thanks