Westlin Corp. (WSTN): WSTN Update as of 7 Mar 08... Yester...

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Friday, 03/07/2008 8:33:17 AM

Friday, March 07, 2008 8:33:17 AM

WSTN Update as of 7 Mar 08...

Yesterday I got through to speak to the President of WSTN, David Herr. “I think” there are some big things going on as he told me that his attorney informed him to not talk to anyone about anything until these things are publicly released for all shareholders to here anything about these things at the same time.

He told me that his attorney told him that he would be risking everything if he told one person anything and it leaked out. He apologized and told me that he just can’t talk to me about those things as he has to trust what his attorney has guided him to do. I told him I respected his decision not to tell me anything and at least I feel good knowing that the company is doing some things that big to where you and your attorney feel as such.

I asked him about our earlier discussion to put out a PR about already emerging from BK since that previous PR only came out on the pinksheets.com and never hit the wires. He told me that his attorney said that such was not necessary and would be considered pumping the stock and could bring the wrong kind of regulatory attention.

So I asked him when we should expect news. He told me that they have news, but he can't tell me about any of it or when it was going to be released. Certain pieces of news (along with all pieces of news) are being reviewed by his attorney and he will determine when and how to release them.

I asked too about the Resort and it is scheduled to be ready in the next 5 months or earlier as scheduled. He referenced the website. He said that it is coming along very well. Their primary role with the Resort is that they are responsible for providing all of the fiber optics connecting from the Bunker to the Resort. They have certain sections blocked off to be used for securing equipment too he told me as extra space. Here’s the subliminal beauty of this and what I think many are not seeing or what I see. WSTN has transformed their 20 year lease into what is known as an Equity Management Agreement. This means that WSTN are co-owners of the land, facilities, property, etc. as I had explained in an earlier post. Since the resort is going to be located on their property and using facilities on their property… hmmmm… I think we can “speculate” with what is going on. To fully understand the magnitude of this, simply compare and contrast the price of WSTN with the price of major resort companies in its given Sector and Industry of which it would trade below:

http://biz.yahoo.com/p/7conameu.html
Services Sector PE Ratio = 25.63 as of 6 Mar 08

http://biz.yahoo.com/p/711conameu.html
Resorts & Casinos Industry PE Ratio = 41.80 as of 6 Mar 08

WSTN is not a pump and dump and it is not going to be like your average penny stock. This is maturing into a major investment in my opinion. This maturity is due in part to the new TEAM with David Herr as the previous management that owned the shell is gone and have absolutely no contact and nothing to do with the company.

I don't know what else to say except that this is another stock where I first trust my own DD below if for some reason things turn out to be not as good as I think then I could simply look in the mirror to place any blame:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26984223
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27028086
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27029478
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27036078
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27187776
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27187862

I also trust the DD that I have read from others simply as an appreciation for sharing and as a courtesy. I think we will be seeing news of substance “soon enough” as it will be at the time when the company believes that it is ready. I think patience will prove to be a virtue here with WSTN.

v/r
Sterling

Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29867262