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Pacific Webworks Inc. (PWEB)

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Last Post: 1/23/2018 2:18:41 PM - Followers: 103 - Board type: Free - Posts Today: 5

PWEB 150m AS 149m OS with 100m now a control block acquired by new ceo Mr Daniel Masters.
First 10k in over a year December 7th 2017. Catching up on FULLY REPORTING STATUS and filings for REVERSE MERGER PURPOSES!

Mr Masters Bio:


Daniel Masters , age 72, has been President and a Director of the Company since June 2017. He is also an attorney practicing business law with an emphasis on corporate reorganizations. He has served on the Boards of Directors of Pacific Media Group Enterprises, Inc. (from 2014 to 2017), BIM Homes, Inc. (from 2014 to 2016), BullsNBears.com (2010 to 2015), Golden Edge Entertainment, Inc. (from 2010 to 2015), and MedBook World, Inc. (from 2010 to 2015). Before establishing his current law practice in 2002, Mr. Masters served as an independent investment banker and corporate finance consultant from 1990 to 2002. Between 1978 and 1989 he worked as an investment banker with L.F. Thompson & Co. and with Capital Technology Group; as Vice President for Finance with the Trilon Group; and as President of Golden Gate Capital. Prior to 1978 Mr. Masters held positions as a legislative aid on the staff of the U.S. Congress and as executive assistant to the President of the University of California. Mr. Masters received his Bachelor of Arts Degree (A.B.) from Harvard University and a Juris Doctorate (J.D.) from Thomas Jefferson School of Law.
 

The Company’s sole officer and director has determined to seek a merger or an acquisition with a larger, better capitalized entity that will benefit current shareholders


The Company’s sole officer and director believes that a potential merger or acquisition target will be a business which seeks the benefits of our shareholder base or status as a reporting issuer. The Company’s sole officer and director will not restrict its search to any specific industry or geographic location. The Company’s sole officer and director anticipates that the Company may be able to participate in only one potential business venture because a business partner might require exclusivity. This lack of diversification should be considered a substantial risk to our shareholders because it will not permit us to offset potential losses from one venture against gains from another.

We may seek a business opportunity with entities which have recently commenced operations, or which wish to expand into new products or markets, to develop a new product, or to utilize the public marketplace in order to raise additional capital. This discussion of the proposed business is purposefully general and is not meant to be restrictive of our discretion to search for and enter into potential business opportunities.

We anticipate that the selection of a business opportunity in which to participate will be complex and extremely risky due to general economic conditions, rapid changes in the business environment, and shortages of available capital. The Company’s sole officer and director believes that there are numerous firms seeking the benefits of a reporting issuer, but this is by no means certain.

It is our present intent to file quarterly reports on Form 10-Q for the quarters ended March 31, 2017, June 30, 2017 and September 30, 2017 as soon as possible and thereafter to timely comply with all of the reporting requirements under the 1934 Act. The Company’s sole officer and director, Daniel Masters, has agreed to provide the necessary funds, without interest, for the Company to comply with the 1934 Act reporting requirements, provided he is an officer and director of the Company when the obligation is incurred. The officer has not, as of the date hereof, set a maximum dollar amount that he is willing to provide to the Company.

It is anticipated that we will incur nominal expenses in the implementation of the business plan described herein. Because we have no capital with which to pay these anticipated expenses, the Company’s sole officer and director will pay these charges with his personal funds, as interest free loans to the Company or as capital contributions. However, if loans, the only opportunity which he will have for repayment of these loans will be from a prospective merger or acquisition candidate.

Acquisition Opportunities:

The sole officer and director of the Company will seek out business combination opportunities through his personal business contacts. Our President regularly attends meetings of the National Investment Banking Association, the San Diego Venture Group, the Los Angeles Venture Association, and similar groups where businesses seeking to expand and investors and related professionals (e.g. consultants, accountants, and attorneys) meet in hopes of working together. The sole officer and director of the Company will not be limited in his search to these groups but believes that these groups will provide a networking platform from which to seek business combination opportunities.

In implementing a structure for a particular business venture, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity. We may also acquire stock or assets of an existing business. On the consummation of an agreement, it is probable that the present officer and director and the present shareholders of the Company will no longer be in control of the Company. In addition, and especially if there is a business combination, our sole director may, as part of the terms of the acquisition or merger, resign and be replaced by new directors without a vote of our shareholders or may sell their stock in the Company. It is anticipated that any securities issued by our Company in any such reorganization would be issued in reliance upon an exemption from registration under applicable federal and state securities laws.

We will participate in a business opportunity only after the negotiation and execution of appropriate written agreements. Although the terms of such agreements cannot be predicted, generally such agreements will require some specific representations and warranties by all of the parties thereto, will specify certain events of default, will detail the terms of closing and the conditions which must be satisfied by each of the parties prior to and after such closing, will outline the manner of verifying revenue and bearing costs, including costs associated with the Company’s attorneys and accountants, will set forth remedies on default and will include miscellaneous other terms.

It is our present intent that we will not submit a potential merger, acquisition, or similar reorganization to our shareholders for approval. We are incorporated under the laws of Nevada and Nevada’s Revised Statutes, Section 78.320, provides that “…any action required or permitted to be taken at a meeting of the stockholders may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at least a majority of the voting power… In no instance where action is authorized by written consent need a meeting of stockholders be called or notice given.”

Our President, Daniel Masters, owns 66.8% of our issued and outstanding shares of common stock; thus his written consent to a potential merger or acquisition constitutes more than the minimum number of votes necessary to authorize such a reorganization under Nevada law. Prompt notice of any such action will be filed with the Securities and Exchange Commission on Form 8-K and also on Forms PREM14C and DEFM14C and copies of these filings will be sent by first class mail, postage pre-paid, to each of our shareholders.

Our present intent is that we will not enter into a business combination agreement with an entity which cannot provide independent audited financial statements at the time of closing of the proposed transaction and supply other information that is normally disclosed in filings with the Securities and Exchange Commission. We are subject to all of the reporting requirements included in the 1934 Act. These rules are intended to protect investors by deterring fraud and abuse in the securities markets through the use of shell companies. Included in these requirements is the affirmative duty of the Company to file independent audited financial statements as part of its Form 8-K to be filed with the Securities and Exchange Commission upon consummation of a merger or acquisition, as well as the Company’s audited financial statements included in its annual report on Form 10-K. In addition, in the filing of the Form 8-K that we file to report an event that causes us to cease being a shell company, we are required to include that information that is normally reported by a company in its original Form 10.

We do not intend to hire an investment banker, a business broker, or a similar professional specializing in business acquisitions. Once a potential acquisition has been identified we do intend to utilize the services of an attorney experienced in business acquisitions to prepare or review the merger or acquisition agreements and documents. Because we have no capital with which to pay legal fees our President, Daniel Masters, has agreed to pay these fees with personal funds, as an interest free loan to the Company or as a capital contribution. However, this is a voluntary agreement; Mr. Masters is not contractually obligated to pay this expense. 

Came out of BK with common stock FULLY IN TACT. Zero debt. All wiped off the books. Definition of a clean SHELL for REVERSE MERGER purposes!

RECENT 10k DEC., 2017:


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12418879




UPDATES TO COME!

 

 

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PostSubject
#3453  Sticky Note Daniel C. Masters, *PWEB* : JRS 01/22/18 08:40:33 AM
#2838  Sticky Note PWEB 10k first in years and NEW CEO... DF 12/07/17 09:44:24 AM
#3464   Agreed! check ya later gotta cut out a bit DF 01/23/18 02:18:41 PM
#3463   Just a matter of when we hear bout TOADPALEFACE 01/23/18 02:12:26 PM
#3462   When most least expect it... DF 01/23/18 01:58:06 PM
#3461   GM PWEB Players!!) Heres to Masters and RM DF 01/23/18 09:05:17 AM
#3460   Gm all TOADPALEFACE 01/23/18 07:41:33 AM
#3459   Cheers to that!) Have a nice rest of DF 01/22/18 04:10:25 PM
#3458   Sitting patiently until the Master Plan is unveiled. amelow 01/22/18 02:48:49 PM
#3457   Out of nowhere filing when least expected sounds DF 01/22/18 02:39:23 PM
#3456   Masters, knows what he's doing. Definitely seeking an JRS 01/22/18 09:19:44 AM
#3455   Masters..connected!! DF 01/22/18 09:12:28 AM
#3454   GM PWEB players!!!!) Heres to a niceee week!!!! DF 01/22/18 09:12:05 AM
#3453   Daniel C. Masters, *PWEB* : JRS 01/22/18 08:40:33 AM
#3452   ANY MINUTE NOW!!! HAHA $PWEB slambino 01/19/18 10:27:30 AM
#3451   GM PWEB! TGIF! Eyes peeled for filing and DF 01/19/18 08:55:32 AM
#3450   Gm webbaz TOADPALEFACE 01/19/18 08:04:12 AM
#3449   Ya buddy TOADPALEFACE 01/18/18 12:40:18 PM
#3448   1 big hitta away from bluesky break? hmmm DF 01/18/18 12:39:07 PM
#3447   Milly bidder in there lets see’m push!) TOADPALEFACE 01/18/18 12:25:03 PM
#3446   GM PWEB players!)) Heres to a good day!! DF 01/18/18 08:52:03 AM
#3445   Gm webbaz TOADPALEFACE 01/18/18 08:20:50 AM
#3444   Lmao TOADPALEFACE 01/17/18 01:44:48 PM
#3443   That ARCA repper got got.. DF 01/17/18 01:21:12 PM
#3442   PWEB 019 TOADPALEFACE 01/17/18 01:20:26 PM
#3441   Ids and their games..1500 to bid after 17 DF 01/17/18 01:16:57 PM
#3440   017 tickity tockity DF 01/17/18 01:12:09 PM
#3439   GM PWEB players!! Lets do this Masters!!!!!!!! DF 01/17/18 08:49:21 AM
#3438   Gm webbaz TOADPALEFACE 01/17/18 08:25:31 AM
#3437   Have a nice evening PWEB players! Looking forward DF 01/16/18 04:13:15 PM
#3436   Love the volume keeps it interesting Big money sandman21 01/16/18 10:39:48 AM
#3435   Wow that makes it a winner ! Yay sandman21 01/16/18 10:35:59 AM
#3434   Nope, it's stuck here for eternity. JRS 01/16/18 10:31:01 AM
#3433   Is this ever going to move sandman21 01/16/18 10:26:25 AM
#3432   GM PWEB players!! Lets get our Masters RM on!! DF 01/16/18 08:49:40 AM
#3431   Gm webbaz TOADPALEFACE 01/16/18 08:06:38 AM
#3430   Have a nice weekend all! Heres to next DF 01/12/18 04:02:39 PM
#3429   Soo long to whomever. Wish I had snatched um! DF 01/12/18 02:57:49 PM
#3428   What the hell. 200,000 bid dumps on 2 Sungod95 01/12/18 02:56:40 PM
#3427   IDJOT mofo there again.. DF 01/12/18 02:35:32 PM
#3426   Gm TOADPALEFACE 01/12/18 08:56:15 AM
#3425   GM PWEB players!!! TGIF!!! Lets go!) DF 01/12/18 08:46:22 AM
#3424   looking good :) num num let the cash grow. peterbelt100 01/11/18 04:28:02 PM
#3423   Have a nice evening PWEB players!)) TGIF manana! DF 01/11/18 04:07:18 PM
#3422   02 break equals this opening UP imo!) Bring DF 01/11/18 03:38:04 PM
#3421   019s nHOD hitting! DF 01/11/18 03:10:40 PM
#3420   75k sold down to 012 from 018? Really? DF 01/11/18 03:10:33 PM
#3419   100 share trade to bid..haha..classic..tick tock DF 01/11/18 01:19:54 PM
#3418   Right on Am!!) There ya go PWEB would DF 01/11/18 01:19:35 PM
#3417   Got my boat loaded and ready to sail amelow 01/11/18 11:40:36 AM
#3416   NP..I'm ready to see this amaze out of DF 01/11/18 10:04:31 AM
#3415   Thanks buddy sandman21 01/11/18 10:03:11 AM
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