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Westergaard.com Inc (fka WSYS) RSS Feed

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   Welcome to the MrGreenPenny Reverse Merger/Shell play Project.
Increasing and growing my knowledge by daily deliberate practice
   This is what we will call the concept of  Kaizen

  http://twitter.com/mrgreenpenny 

It is always my desire that we can ALL make money and enjoy the good life.

~~Disclaimer & Disclosure~~ 

                                                              

     My opinions are my opinions. Never take them for the gospel truth. Never rely on them. You guessed it....Do your Own Due Dilligence! 

 None of this is investment advice. None of this is trading advice. All this information can be found by the public.  As far as I know all of it is accurate. Don't depend on me for your information.  Nothing presented here is a suggestion to buy or sell any securities at any time.  So don't depend on me for trading advice. Don't depend on me to wake you up in the morning with an ALERT and tell you that it is time to buy or sell. Always take full responsibility for your trading decisions.

I am not paid and have not been paid anything or compensated by anyone at anytime for the information presented here.  Any information here may be delayed or possibly even inacurate. SO ALWAYS CHECK FOR YOURSELF to verify everything.

 Penny Stock Trading in very dangerous!  Never invest more than you can afford to lose.  Your trades are your trades. My trades are my trades. 

Unless I have stated otherwise please assume that I have ALWAYS purchased any securities ahead of time before any posting to others and/or any alert has been issued or sent out! That goes for my email,Twitter,Facebook or otherwise. Having been given foreknowledge and forewarning of this fact please do not accuse me of frontloading/scamming/pumping and dumping and deceptively misleading anyone or taking advantage of others. I have told you ahead of time.

~~~~~~

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WSYS.PK              

   

   And by the looks of things it will stay there. Why do I say this? Because they continue to file even though they have no business. They do this in my opinion because they are seriously looking for a RM and not just blowing smoke.

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Share structure as I know it:

The number of shares of our common stock outstanding on December 22, 2009 was 48,200,927.

The actually float can only be estimated at less than that.

 

Approximate Number of Holders of Common Stock

 
The number of holders of record of our common stock is estimated to be 109.

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Transfer Agent

Florida Atlantic Stock Transfer, Inc.
7130 Nob Hill Road
Tamarac, FL 33321

 

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Now from the last 17-Sep-2009 8-k:

"On September 11, 2009, we entered into an Exchange Agreement with our largest creditor to exchange approximately $725,000 of debt in consideration for 36,252,482 shares of our common stock. As a result, the creditor has become our largest shareholder with roughly 75.2% of our issued and outstanding common stock."

I would say float is lower than the 11mil wouldn't you?   Small for a sub-penny. Very small indeed.  The exact float is a mystery. I don't know....you don't know.  If you do and want to fill me in, then by all means let me know.  I'm humble. I'll post it.   As of yet I can't find that info.   

This largest investor is:

"Byron Grant (the "Investor")

with an address at 9045 NW Kaiser Rd, Portland, Oregon 97231."

I have Googled the name quite a few times and came up with a few leads. None of which I feel confident enough to post here.

What can be said is that this Byron Grant owns a very nice peice of the pie of this shell.  So. Mr. Grant stands to profit big if WSYS ever archives this merger.  I would say Mr. Grant stands to profit big here if the right merger happens.

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They  are in the persuit of a Reverse Merger:      

"We are not restricting our search for an acquisition target to any particular industry or geographical area. We may therefore engage in essentially                                                                                                         

any business in any industry. Our management has unrestricted discretion in seeking and participating in a business opportunity, subject to the

availability of such opportunities, economic conditions and other factors. Because we have no specific business plan or expertise, our activities

are subject to several significant risks. In particular, any business acquisition or participation we pursue will likely be based on the decision of

management without the consent, vote, or approval of our shareholders. Our future success will be dependent upon our ability to locate and

consummate a merger or acquisition with an operating company and, ultimately, to attain profitability. There is no assurance that we will be

successful in consummating a merger or acquisition with an operating company or that we will attain profitability."

 

No one knows how long this could take. No one. May be a year or two. May be tomorrow.

 

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 "We are in the process of locating a suitable merger candidate to enter into a reverse merger to continue business operations. Currently, we have no operations."

 

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From the 8-k filed Sep. 17th 2009:

AGREEMENT:
 
1.        Cancellation of Debt in Full for 36,252,482   shares of the Company’s Common Stock.
 
In consideration of and in express reliance upon the representations, warranties, cove
nants, terms and conditions of this Agreement, the Investor and the Company agree to: (i) the payment in full of all outstanding debt of the Company in exchange for 36,252,482   shares of Common Stock at a par value of $0.02.
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This transaction makes the "shell" clean. No outstanding debt. This is very immportant step in the progress of a Reverse Merger.
as we will see. Remember, accumulated deficit and outstanding debt are two different things. Do your research.
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 After the merger(when and if comes) WSYS or so called now, will turn out to be a totally different kind of company than what it was in the past.   With a different symbol.  You already knew this right?

Will it have a completely different management team?   I don't know.  I would think so and hope so.

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Now a little about Reverse Mergers.

Here are several links that can give you at least start on understaning what the heck a reverse merger is. I highly recommend that you read them all.

http://www.reverse-merger.info/reverse-merger-how.htm

http://en.wikipedia.org/wiki/Reverse_merger

http://www.businessfinance.com/reverse-merger.htm

http://reversemerger.dealflowmedia.com/                                             This is a reverse merger website that had great info

http://www.investopedia.com/articles/stocks/08/reverse-merger.asp                                              I like this article

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