WebXU, Inc.(fka WBXU)

[Det_Robert_Thorne]

Suspension probably due to reporting and "illegal acts"

The 10-K WBXU filed in January, 2014 that covered FY2012 was unaudited. 10-Ks are required to be audited.

That's why their prior auditor, LL Bradford, quit, and in a letter describing why they resigned, they described a situation where WBXU, in their opinion, committed "illegal acts":

On January 15, 2014, the Company filed a SEC Form 10-K for its 2012 fiscal year. The Company filed its 10-K without audited financial statements, without a consent from its accountant, and without the knowledge of its accountant, in violation of bright-line rules. Based on the foregoing, we advised the Company that:

* The financial statement disclosure in the Company’s Form 10-K was misleading because, by law, such reports cannot be filed unless they include audited financial statements. Having the term unaudited appear in the financial statements does not cure the problem.

* Item 14 of the Company’s Form 10-K refers to the payment of audit fees of $100,000 for the 2012 audit. Reference to this supposed payment is materially misleading because no audit was performed on the Company’s 2012 financial statements.

* The Company’s Form 10-K misleadingly referred to, albeit did not include, a supposed “Consent of L.L. Bradford & Co., LLC, dated January 24, 2012.”

It was these foregoing actions by the Company - concerning the Company’s financial statement disclosure in its 10-K, and which constitute “illegal acts” - that forced LL Bradford to resign. As such, it is our view that our resignation arose from a “disagreement,” as defined by Regulation S-K.

WBXU filed an 8-K today stating that its new auditor was going to audit its filings from 2011 - 2013. They engaged the auditor in early April, but didn't file the 8-K until today.

On April 11, 2014, Webxu, Inc. (the “Company”) entered into an agreement with Hartley Moore Accountancy Corporation to conduct a full audit of Webxu’s financials in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) (United States). This audit is intended to reflect the Company’s financials since its last official filing in 2011. The filings that are being audited are the Annual Reports on Form 10-K for the years ended December 31, 2011, 2012 and 2013.

Investors in WBXU affected by this suspension should probably have read the filings.