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is he finally saying we are the holding company or what?
you might be right, this feimster is somthing else.
9/1 is here and they haven't introduced the aero. i kinda figured as much, lets hope this goes accordingly.
going on 10 m0nths since a filing, time for our ceo to get off the pot.
tomorrow be the first day of september, lets hope it's somthing worth remembering. think jerod will release his new gig september 30th? i hope it's september 1st.
green is a must for scc's survival, greem is a must for all of us.
i still think jerod is forging his way into the green technology, i look for that to be a big eye opener this year. that's where the money will be, if he can chalenge tesla and exceed their expectatons we'll have a 10 dollar company overnight.
i would have to get a pix taken with jerod and chris, they would definenly be my new best friends.
this stocks been perking long enough, i hope chris has the same feeling.
seeing the wild covering by mm's is always sweet revenge, as much as they have fleeced small investors it's just pay back.
SSC Ultimate Aero
"because life begins a 250"
scroll down and read the bottom line>
if the annoucment is the green machine and the ultimate aero how high can this go? i would be hard pressed to let go of any if any. if this has a chance to hit 10 dollars ssc would have to count me in. soon we'll know for certain, i hope life starts at 250 for the ctno crowd.
you're onto somthing, the beauty and benefit of us becoming ssc would be to see the mm's getting burnt. they would be covering as fast as they could, i don't think they could cover fast enough. the covering would be worth millions.
sure seems to be pointing to ssc, september announcement?
how about a merger announcement after the close, that would fit right in my weekend schedule.
we are getting closer and closer to ssc's decision, i sure hope it's us. chris must be working on somthing that's going to pay, we sure haven't seen it thru his other holdings. i know he's making money probably more than most on this board, i'd like to think he's aiming alot higher/bigger stakes. imagine being the guy that took jerod shelby public along with some super electric car and the rocket he's building.
lazy eye, put your good eye on the dial and give him a jingle! i'd like to hear all about it, i figure he'll be at the leaddog shack friday.
sorry to hear that, i didn't put alot in but i'm down 55%. i really felt this would get some steam and take off, oh well.
looking at the following, 2012 is a lot of payroll to dole out without money coming in, i wonder what he'll do. will he introduce the scalable electric powertrane before that time or is he going to pull it out of his personal fortune?
Given the right setting, he's confident his new car will beat the Veyron's record. Shelby's goal is to produce 48 cars, one a month for four years. He has at least two orders so far, and hopes to have the first car ready for delivery in early 2012
i saw at 1510 hours 500 shares were sold at .54, was that you? if it was i hope that's what you were looking for, for me it needs to head in the other direction. since i bought it seems to of been falling off of the grid!
the peeps that invested 250k must be assured of somthing to make it worth their while, 12% on their money is great interest but i'm sure they were made aware of somthing else. i hope that somthing else would be a public company and their 250k in shares would be converted to?
going public doesn't mean u lose decision makeing, as long as he remains the CEO i would think he could guide and control! jerod got rich thru medical devices, i wonder if it's his personal fortune that has been invested. sheffield was selling 250k blocks of shelby, i wonder how much was sold.
i read the article in usa today, showed the buggoti and the aero. good chance they were at the clint eastwood estate, lot of high rollers in carmel and montery. definetly interesting, i wonder if chris was there. i'd say he was.
COME ON CHRIS, how about helping us out while there is time.
Once Iran gets nuclear weapons, we are in danger on a worldwide basis… Iran isn’t the end of the problem. The real difficulty with that analysis is that Saudi Arabia will get nuclear weapons, probably Egypt, probably Turkey, possibly others. So within a five to ten year period, you’ll have half a dozen nuclear countries in the Middle East… almost guaranteeing a nuclear exchange at some point or another.
http://finance.yahoo.com/news/WebSafetys-CellSafety-Mobile-bw-1952158517.html?x=0&.v=1
news:
WebSafety's CellSafety Mobile Application Prevents the Temptation to Text While Driving and Helps Consumers Honor "No Texting" Pledges
--Accidents Caused by Distracted Driving Continue to Escalate Despite State Laws and Public Awareness Campaigns--
ShareretweetEmailPrintCompanies:WebSafety, Inc. Related Quotes
Symbol Price Change
WBSI.OB 0.65 0.00
{"s" : "wbsi.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: WebSafety, Inc. On Monday August 23, 2010, 7:00 am EDT
IRVING, Texas--(BUSINESS WIRE)--WebSafety, Inc. (OTCBB: WBSI - News), the leading provider of mobile and Internet safety technologies, takes the intent of distracted driving pledges a step further and helps to enforce state bans with the company’s CellSafety software which prevents the dangerous and often deadly practice of texting-while-driving. CellSafety uses proprietary technology to electronically detect when a car is moving at speeds above 10mph and prohibits the driver’s ability to send or read text and email messages or utilize the phone web browser.
Distracted driving is one of the most serious, life-threatening practices on our nation’s roadways with almost 8,000 crashes related to distracted driving occurring daily in the United States. CellSafety is the only application that works on all four of the major U.S. wireless carriers and works with the Android, Blackberry and Symbian wireless operating systems to ensure that a driver’s eyes are on the road and off their phone.
With compatibility on more than 60 smart phones and counting in the United States and three wireless networks in Canada, CellSafety is the most widely available solution to help consumers reduce the temptation to text or perceived need to respond to work-related messages while they are driving.
“Despite more than 30 states creating laws to prevent distracted driving in addition to numerous organizations who are encouraging Americans to pledge to stop this dangerous practice, accidents caused by distracted driving are continuing to grow at an alarming rate,” said Rowland Day, CEO of WebSafety, Inc. “Consumers mistakenly believe they will not be the victim of, or responsible for, a distracted driving incident which is why the CellSafety application is so vital in order to stop the deadly social obsession of texting-while-driving.”
The CellSafety mobile application also includes additional features which inhibit texting in school via “No Texting Zones” in order to prevent scholastic cheating as well as notifications in real-time if users are sending or receiving inappropriate text messages. CellSafety is also effective in reducing corporate liability for vehicular accidents caused by an employee’s improper use of a company-issued mobile device while driving.
For more information about CellSafety, please visit www.mywebsafety.com.
About WebSafety, Inc.
WebSafety, Inc. is the leading provider of mobile and computer software solutions that help to prevent incidences of distracted driving as well as unlawful Internet behavior such as cyber predators, explicit or degrading texting and cyber-bullying. The mobile software works on the major wireless operating systems, including Android, Blackberry and Symbian and on all four of the major wireless carriers. The Irving, Texas-based company is also the creator of the “National Wireless Highway Safety Network,” which is driven to save lives. For more information, please visit www.mywebsafety.com.
Contact:
Rogers & Cowan for WebSafety, Inc.Amanda Bialek, 310-854-8151abialek@rogersandcowan.com
alright, we wait. thanks for responding, hopefully the next time it will be about some serious gains.
how about a hint of news this coming week, some volume to. we need something from the messalas and hickel camp, just some good old fashion news.
the answer i was hoping to read about is, are we any closer than we were 2 months ago. is there any sight to the end of this grey sheeted non discloseing company? tia
i really don't think chris has forgeotten about this stock, far from it. as long as kelly t. hickel is the senior advisor for leadog, money will be made for all involved and that includes us. these guys don't want to be known as rip offs, especially on the sainted wall street. these guys are big players, reputations are hard to build. do you think they're going to let ctno be their oops, more like there ahhhhhh.
seller strikes again, 45.00 dollars worth and i'm sure a commision fee was deducted. we've always said cm wants to keep it down, i'd sure like to pizz on his keep it down parade.
i'm with you, truly could be the elusive diamond in the rough.
masters, have you given up on this, was hoping to hear something good or bad.
http://biz.yahoo.com/e/100818/wbsi.ob10-q.html
Form 10-Q for WEBSAFETY, INC.
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18-Aug-2010
Quarterly Report
Item 2. Management's Discussion and Analysis and Plan of Operations
The following discussion should be read in conjunction with our unaudited condensed financial statements as of, and for the three and six months ended June 30, 2010 and 2009, and with our annual report on Form 10-K for the year ended December 31, 2009. Certain items have been reclassified to conform to the current year's presentation.
Forward-Looking Statements
This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business strategies, operating efficiencies or synergies, competitive positions, growth opportunities for existing products, plans and objectives of management, markets for stock of WebSafety, Inc., and other matters. Statements in this report that are not historical facts are "forward-looking statements" for the purpose of the safe harbor provided by
Section 21E of the Exchange Act and Section 27A of the Securities Act. Such forward-looking statements, including, without limitation, those relating to the future business prospects, revenues, and income of WebSafety, Inc., wherever they occur, are necessarily estimates reflecting the best judgment of the senior management of WebSafety, Inc. on the date on which they were made, or if no date is stated, as of the date of this report. These forward-looking statements are subject to risks, uncertainties and assumptions, including those described in the "Risk Factors" described below, that may affect the operations, performance, development, and results of our business. Because the factors discussed in this report could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements made by us or on our behalf, you should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for us to predict which factors will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Plan of Operation
WebSafety, Inc., a development stage company, formerly known as BlindSpot Alert, Inc., commenced a corporate redirection in June 2008 with the objective of marketing and selling through the internet a range of software applications and services for computers and cell phones that allow parents or other caregivers to monitor and be notified of occurrences of predator advances, cyber bullying and pornography received on children's computers. The cell phone application would also restrict text messaging while driving and provide location information to parents using GPS technology. In June 2008 we acquired for $300,000 a worldwide non-exclusive license that permits the Company to sell the proprietary software that identifies the threats from predators, cyber bullies and transmitters of pornography. The license also allows for selective exclusivity within certain markets. We acquired this license from WQN, Inc.
In November 2008 we executed an option to acquire licensing rights to software that provides digital rights management to email and other data transmitted over the internet. We had intended to begin selling this proprietary software in 2009, however, the option to acquire the rights expired on April 1, 2009 and an expense in the amount of $245,000 was recorded as of March 31, 2009 to reflect the substance of the expiration as of that date.
On July 2, 2009 the Company entered into an asset acquisition agreement with WQN, Inc. Under the agreement we acquired all of the technology known as The WebSafety Technology and Software for approximately 27,000,000 shares of our common stock. Consequently, the Company no longer has any royalty commitments to WQN under the June 30, 2008 license agreement Management believes that our products are a timely solution to the dangers that come with the unprecedented access to information and people that the internet and cell phones provide.
From June 2008 through September 30, 2009 we have refined our website and we commenced revenue activity in the third quarter of 2009. We also intend to market our products and services through relationships developed with "trusted" sources consisting child protection advocacy groups including church, school and civic organizations. We intend to also explore opportunities to enter into strategic revenue sharing partnerships with companies having synergy with our products. These partners may include auto insurers and cell phone manufacturers.
Cumulatively through June 30, 2010 we have raised $2,434,691 through the sale of common and preferred stock the proceeds of which are being used to implement WebSafety's plan of operations. This funding has been utilized in the furtherance of our plan of operations. Future funding is intended to be used in the commercialization process.
--------------------------------------------------------------------------------
Results of Operations
Three Months Ended June 30, 2010 compared to Three Months Ended June 30, 2009
Revenue
Revenues were $76,712 during the three months ended June 30, 2010. We did not record any revenues for the three months ended June 30, 2009.
Cost of Revenue
Cost of revenue was $26,785 during the three months ended June 30, 2010. We did not record any cost of revenues for the three months ended June 30, 2009.
Operating Expenses, Other Income and Expenses and Loss from Operations
For the three months ended June 30, 2010 we sustained a net operating loss of $856,139 compared to a net operating loss of $156,764 for the three months ended June 30, 2009. The $699,375 net operating loss increase was mainly due to higher general and administrative expense, which increased primarily due to an expansion in marketing and sales expenses. Also, an increase in depreciation and amortization expense of $248,338 for the three months ended June 30, 2010.
Six Months Ended June 30, 2010 compared to Six Months Ended June 30, 2009
Revenue
Revenues were $122,490 during the six months ended June 30, 2010. We did not record any revenues for the three months ended June 30, 2009.
Cost of Revenue
Cost of revenue was $58,142 during the six months ended June 30, 2010. We did not record any cost of revenues for the six months ended June 30, 2009.
Operating Expenses, Other Income and Expenses and Loss from Operations
For the six months ended June 30, 2010 we sustained a net operating loss of $1,705,743 compared to a net operating loss of $574,550 for the six months ended June 30, 2009. The $1,131,193 net operating loss increase was mainly due to higher general and administrative expense, which increased primarily due to an expansion in marketing and sales expenses. Also, an increase in depreciation and amortization expense of $497,406 for the six months ended June 30, 2010 was offset by a $245,000 decrease in option to acquire expense for the six months ended June 30, 2009.
Financial Condition
Cash on hand at June 30, 2010 was $55,823 and working capital (the excess of current assets over current liabilities) was a negative $576,278 compared with $442,542 at December 31, 2009. The decrease in working capital was primarily attributable to increased disbursements in 2010 for payroll, marketing, legal, professional and other costs relating to the implementation of the operating plan.
Other assets decreased to $2,123,931 at June 30, 2010 from $2,594,400 at December 31, 2009. The decrease in other assets was a result of $235,235 of amortization related to the WebSafety Technology asset. Total current liabilities increase to $632,101 at June 30, 2010 from $465,461. The increase was due to increased payables for marketing, legal, professional and other costs relating to the implementation of the operating plan
--------------------------------------------------------------------------------
Stockholders' equity was $1,688,748 at June 30, 2010 compared to $2,304,674 at December 31, 2009. The $615,927 decrease was due to the issuance of $831,996 worth of common shares and $128,910 of additional paid-in capital related to the compensation expense for stock options off-set by net operating losses of $1,705,743 for the six months ended June 30, 2010.
Liquidity
Cumulatively, through June 30, 2010, the Company had raised $2,434,691 in new equity including $359,741 being raised in Second Quarter 2010 to support planned operations. In light of recent operating results and negative cash flows, additional capital will be required to fund the Company's operations. On February 8, 2010, the Company signed a non-exclusive consulting agreement Litchfield Enterprises, Inc. (LEI). Through this agreement, LEI will assist with a private placement of the Company's stock. Per this agreement, LEI will on a "best effort" basis, seek to raise one million one hundred and twenty-five thousand dollars ($1,125,000) by selling 2,500,000 shares at $.45 per share. (See "Note 15-Private Placement Agreement" for further discussion). If successful, the LEI private placement should generate sufficient capital needed to fund the Company through the fourth quarter of 2010; at which time Management expects operations to be generating positive cash flows.
There is no assurance that the Company will be successful with the LEI private placement or with the placement agent. On August 6, 2010, the Company entered into a placement agreement with Aegis Capital ("Aegis"). Aegis will act as the Company's exclusive placement agent on a best efforts basis to raise a minimum of $1,350,000 and up to a maximum of $5,400,000. It is management's intent to continue fund raising efforts to generate the capital required to support expanding operations. There can be no assurance that we will be able to raise any more additional capital on terms that are beneficial to us.
Critical Accounting Policies and Estimates
The discussion and analysis of our financial condition and results of operations is based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. Generally accepted accounting principles require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. We base our estimates on experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that may not be readily apparent from other sources. Our actual results may differ from those estimates.
Off-balance sheet arrangements
At June 30, 2010, we did not have any material commitments for capital expenditures or have any transactions, obligations or relationships that could be considered off-balance sheet arrangements.
we'd all be fools if we thought other wise. the day nears that silence is going to be broke, i hope it's forward split. liquidity will be a problem at our present share count. also the stock market rules have changed, cm isn't going to be selling in front of investors everyone gets their turn if desired. used to be a very unorderly sell, some got preferential treatment. moving beyond that, who knows for sure what cm has planned. if he wants this to be a 5 dollar stock it won't be aquired by pumping and dumping. in time all things come to pass good or bad.
we may have and advantage, if chris decides to claim his fame thru ctno and the fact that we only have 10.5 to 11.5 million shares outstanding.
i think your right, i hope chris isn't going to help them cover. it would be nice to see this run just to get even with the greed on wall street.
i have have my ask in, if there is a crazy .000 sell off i'm buying.
i'm going to put a buy in for .000's, why not?
those shares took a 1 for 40 split, that was before carlton companies. mm's may very well be shorting or someone that bought in at anywhere from .0025 to .005 would be taking profits. not what i'm looking for and i fell sorry for them. brighter days ahead, i'm with garrett on somthing is just around the corner.
looks like about 87k were sells, they were just above a penny, about 1100.00 dollars worth. pretty close to 50% buys and sells. lets hope the ask keeps climbing, level II shows .009 x .01 so with that in mind the seller could be buying back in at a little profit if the ask stayed at .01.. i kind of doubt that will be the case. also, sure seems like the price has alot of downward pressure by whom?
with out the conspiracy theory, me thinks this's headed to new highs and higher. leaving copper/zinc land and moving into silver and dollar land.
the next few weeks should get some hearts racing, after all life begins at 250.