Webstar Technology Group Inc. (WBSR)

[future winner]

You as well

[CoalMinersGlove]

Have a good weekend everyone, well for those still here. :)

[grab]

BY THE way
Where are the replacement directors? Landmann and Kevin Harrington were no longer directors after June. Landmann means nothing, but Harrington was pretty important. Nobody wants the job!?

[grab]

RELEASE THE KRAKEN, I am sure many of the "in" crowd remember that saying well. I was talking to some shareholders from those days and more recent ones too. Some of them remember the saying well and mentioned the similarity to what is going on now.
Interesting, does this company really have anything of real value, or is it all talk? They and I wonder! Does it all boil down to hunting for Spanish reales from a shipwreck?? One thing is for sure those 100M + shares transferred to the chief honcho won't mean much in the pennies and sub pennies and unless something positive is revealed very soon , that's the way it's going. Obviously looking at the trading or non trading, nobody wants the shares and that will precipitate a major bunch of suits. Just logic if anyone understands the word.
Just my opinion of course lol.
So run everyone if you can't bear the truth and get off your hands.
And gee don't read my post, it doesn't match the narrative Ha.

[iwondertoo]

:<)

[CoalMinersGlove]

Welp... there goes another 2 months without a peep..
I Hope you are all well!

[CoalMinersGlove]

I was foolishly optimistic we'd wake up to some news, :|

hope everyone had a good Holiday weekend

[CoalMinersGlove]

Unfortunaly, it doesn't shed any new light. What could be taking so long?

[future winner]

New sec.

[CoalMinersGlove]

Has anyone inquired to the company or spoken to Mr. Owens etc. recently?
( I have not )

[CoalMinersGlove]

No worries!

All of the latest information suggests that the company is on the verge of something. What that something is remains to be seen, but the strengthen defenses gives me the impression that their tech has at least been demo'd, shown, or viewed but some third parties in some form or fashion. (LinkedIn posts about trips to South America and Africa speaking about cost and infrastructure limitations, etc) All we can really do is wait for the company to make a move, but until then, the wait continues..


Hang in there :)

[iwondertoo]

LOL, I just got back in and actually read the name of the filing and realized that. Talk about not taking time to read it!!! I didn't even read what it was! Maybe that means that the filing is, at least, a little different :<)

[CoalMinersGlove]

This is just a notice that the quarterly report is late. Should be in by the 20th.

Yeah I figure anything of any relevance would be posted, or released etc. So far, haven't seen anything like that.

[iwondertoo]

https://www.sec.gov/Archives/edgar/data/1645155/000149315222022495/0001493152-22-022495-index.htm


I haven't had time to read it, but I'm not expecting anything, either. I figure that anything big will be announced. But, if someone has time to check this out, please post anything that is relevant. I am not too good at interpretation of legal docs without a bit of time to study it out........

[CoalMinersGlove]

Ok cool. So what's next?

[SoccerFan1]

Sorry.... I just realized Coal had already posted this article. Still good stuff at least!

[SoccerFan1]

https://www.nasdaq.com/press-release/webstar-technology-group-inc.-wbsr-adds-change-of-control-poison-pill-defenses-as-it

[surfguy]

Seems the company feels they have some technology that will be employed in the future that could trigger a run on the company. And they don't want this technology to be taken out cheap if there is a control change. Looks positive to me.

[iwondertoo]

Well, at least there is life. Where there is life there is hope....:<) Glad to see something. Now we need there to be a reason for someone to buy it up........something besides hope.....

[CoalMinersGlove]

I mean on the surface it does... it feels like we are moving in the right direction but still without a release or word of one so I guess we are still just idle for now.

[CoalMinersGlove]

Is this a good thing?

https://www.accesswire.com/709203/Webstar-Technology-Group-Inc-WBSR-Adds-Change-Of-Control-Poison-Pill-Defenses-As-It-Amends-Its-Main-Asset-Its-Technology-Marketing-And-License-Agreement-With-Soft-Tech-Development-Corp

[iwondertoo]

https://www.sec.gov/Archives/edgar/data/1645155/000149315222019547/0001493152-22-019547-index.htm


8k out.....

[SoccerFan1]

Any updates?

[iwondertoo]

:<)

[CoalMinersGlove]

Thank you for the kind words... Yes hopefully sooner rather than later.

[future winner]

New 8k

[iwondertoo]

I'll miss you, you are about the only one who says anything....thank you for posting the info, I haven't much time available to search for anything, so a quick check here is what I get, and you've been on top of the news. Thank you

Hopefully, some day, we will have something to talk about. I hate to say soon....LOL...doesn't seem possible, does it.

[CoalMinersGlove]

Not really down for being called out or anything like that, so I wont be posting anything on here anymore or at least for a while. I wish everyone the very best and hope we all do well in the coming months.

[surfguy]

Yes, obviously.

[grab]

Of course you are anxious and so you should be!
I am "that guy" I am surprised how naive you are. You are anxious because you really have shares. none of the banter going back and forth has any valid meaning and you, as well as a few others are being led by the nose by certain posters obviously under the company umbrella. Sad really, none of them have much business sense nor even knowledge
Read over some of my previous posts, even those with you, then perhaps, will understand "that other guy" knows a thing or two.
Are you being taken to the cleaners? If you have a brain, you may begin to see a pattern emerging. Just my take, LOL!!! WHEW well over 100m + over 40m (160m) shares already owned, gee shucks that is way more than all the others put together.IS IT ALL WORTH IT? even at 50c a share is greedy beyond belief! being so greedy may well be like shooting himself in the foot and could bring the whole house down like a deck of cards and take the owner with all the shares with it!!
"that other guy" knows the way of honest business.Take heed management this is becoming grey.

[CoalMinersGlove]

We have still yet to see any of the apps working, or notes, press releases etc. on a release of any kind. Outside of a comment on linked in referring to June as a time frame for such a thing, there hasn't been any indications that there will be. I suppose we will just have to wait and see... No mentions of licensing any products to any third parties either.
I realize that there are still 2 1/2 weeks left in the month, but my concern is that June will come and go and we will still be left wondering what is going on and how things are progressing. I'm not trying to be that guy, I am just starting to get concerned a bit.

Does anyone else feel the same? Am I being over anxious here?

[SoccerFan1]

Understood, but in the event of a sale of the company, wouldn't those shares be considered for determining the final price per share? (PPS=Purchase Price/Number of Outstanding Shares).

[surfguy]

All shares owned by James Owens are totally Restricted and would not increase the Float.

[CoalMinersGlove]

Agreed. (I just looked up what dilution in stock meant lol) I think what would drive the price up or increase it the most would be a release to the GP or at least some form of that. I do not know much about the development of such products and software, but i have to think its in the final stages based on what I have read, esp if they are shopping it around/demoing it in other countries

[SoccerFan1]

Also might mean dilution, but if he is adding value, I am good with it

[CoalMinersGlove]

I'd agree with that, especially if the price of the stock goes up. He would stand to make considerably more than 1.1 million if I'm reading that right. I defer to you all on this one. It could also mean that the release or update mentioned by J.O is on the horizon which would be good for all of us and is highly anticipated.

[SoccerFan1]

It looks as if the owner is going to convert his loan to the company into equity. There's 139.9 million issued shares out of 300 million authorized shares (meaning company can issue another 160 million shares or so). The note allows him to convert a $1.1 million dollar loan to equity on a conversion rate of 1 cent: 1 share, so I guess he could get an additional 110 millions shares. Probably not a bad thing, and may indicate future positive activity. Anyone disagree?

[CoalMinersGlove]

Hi everyone. What do you make of this 8k filed today? (if anything at all)

https://sec.report/Document/0001493152-22-016216/

[CoalMinersGlove]

Tomorrow is June 1st. this is the month where some updates and releases are supposed to happen. (Based on a linked in post) I hope we get to see Warp-G or Gig Slayer or both in operation in some form or fashion.

Has anyone else heard or saw the same?

Hope everyone had a good weekend :)

[CoalMinersGlove]

Came across this this morning.. not sure if anyone has seen :)

https://www.linkedin.com/feed/update/urn:li:activity:6933142851371376640/

[CoalMinersGlove]

Ok right on. Whatever is best for the Company and all of its shareholders is of course fine by me lol.

[surfguy]

This would be the fastest way to get revenue streams for the company and attract new retail interest in our stock. Great move made by Management.

[surfguy]

Not that I am aware of with a major trading firm. But I am not in any hurry to sell shares right now. Waiting to see what developments are in store with company initiatives to create revenue streams for the company. Someone has been buying shares in pretty big chunks on an off which gives me hope. But it's all speculative at this point.

[surfguy]

Sounds to me Grab has some kind of vendetta against the company or it's Officers.

[CoalMinersGlove]

No mention of a release of Warp G or Gig Slayer although based on linked in, some kind of update should happen in June.... this could be the one we have been waiting for. Hang in there everyone.

https://www.linkedin.com/posts/james-owens-webstartech1_webstar-technology-group-transforming-activity-6909717076270080000-tMAP?utm_source=linkedin_share&utm_medium=member_desktop_web

[CoalMinersGlove]

You're welcome :)

Hopefully we get some very good news soon!

This "new direction" the company is going in makes me excited and also a bit anxious. Love to see an uplist to a bigger exchange.. out of the otc, but I assume only time will tell.

[iwondertoo]

thank you

[CoalMinersGlove]

Don Roberts, the CEO of the Company said: "Initially we had planned to bring the technologies we have acquired from Soft Tech Development Corporation directly to retail ourselves, but based upon our experiences over the past year, we believe that our new path will generate a quicker return without the need for significant capital investment… all to the benefit of our bottom line and for our shareholders holdings value. We believe that the acquisition of the Company by a large, well known technology company would benefit shareholders and are focusing on this pathway while also looking for licensing deals and strategic acquisitions or investments in leading edge technology that can bring immediate revenues to the Company,"

So it begs the question.. who would they be selling to or looking to be absorbed by? (Obv a large tech company but who?) How does this benefit shareholders? I am asking because I do not know, not because I am trying to "take the piss" out if them.

[CoalMinersGlove]

Don Roberts, the CEO of the Company said: "Initially we had planned to bring the technologies we have acquired from Soft Tech Development Corporation directly to retail ourselves, but based upon our experiences over the past year, we believe that our new path will generate a quicker return without the need for significant capital investment… all to the benefit of our bottom line and for our shareholders holdings value. We believe that the acquisition of the Company by a large, well known technology company would benefit shareholders and are focusing on this pathway while also looking for licensing deals and strategic acquisitions or investments in leading edge technology that can bring immediate revenues to the Company,"

So it begs the question.. who would they be selling to or looking to be absorbed by? (Obv a large tech company but who?) How does this benefit shareholders? I am asking because I do not know, not because I am trying to "take the piss" out if them.

[CoalMinersGlove]

Super Latest:

https://www.otcmarkets.com/stock/WBSR/news/Webstar-Technology-Group-Inc-WBSR-Announces-New-Plan-Of-Operation-Contained-In-Companys-Form-10-K-Filed-On-March-29-2022?id=357228