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I get on with less and less frequency since nothing has changed in forever. Just read the last few months of posts and they could really be from any of the last 4 or 5 years. I am just keeping my mouth shut and my head down and praying for a purchase.
Thank you - I did not see that comment. It doe not mention Webstar so...
I can't find a recent post from James on LinkedIn. What did it say?
Let's hope their plans they talked about in the public docs are working.
Grab, you don't own shares?
I feel certain this will be as big as we hoped!
I think that it may become easier to trade shares once the uplist goes thru.
I am happy for the penny up. And the on-time filings. All good here.
I put my shares with Glendale Securities. https://glendalesecurities.com/
Been out of town but I'm back.
The museum is NOT part of Webstar. If it was, it would have been announced long ago. Looks interesting though.
Grab, all I said was correct. Not going over it all again but as for the name - SOX and SarBox are both used - read the first sentence here https://tinyurl.com/mjcuc54m
Originally, it was named SarBox because the bill was sponsored by Paul Sarbanes and Michael Oxley. At the time SarBox was instituted, I was working in a large public company and was sent to a 1-week training in DC given by some of the lawyers who worked on the bill with Paul Sarbanes and Michael Oxley and who knew the Worldcom/Enron/Tyco situations in and out. I have had to keep up with it all this time due to my work. I say all this to make it clear to all that I know what I am talking about.
Maybe someone sold so low because you scared them with your needless and unfounded criticisms of the company. Maybe stop doing that.
You have a view of this that is not in keeping with the US rules and you are giving them a bad reputation in this venue based on comparing them to your standards, not the government's standards. Are you from Europe or Canada? Because it is more similar in many of those places which would explain your expectations.
They DO NOT have a duty to tell shareholders their "plans" and we should not contact them to ask for info - they can only refer you to what is already made public. They, like all public companies, have a duty to make public (shareholders are part of the public) any info that meets the regulations and in accordance with the Sab-Box regs around timing of release of info. Not "plans" but mostly news of what has already happened. "Plans" would be called forward looking statements. And if they did tell only shareholders something that was not already public and therefore the shareholder could have accessed the info themselves - that would be (most likely depending on the info shared and the timing) wrong.
Sar-Box changed everything here and Sar-Box was passed in response to the Enron/WorldCom/Tyco situations of the early 2000s. All of these situations revolved around disclosure of info to the public. Be it disclosure of which info or the timing of that disclosure. The change in what companies said and when was a light switch. It went from glossy "presentations" about future plans to a re-telling of very recent history (info released basically as soon as something happened - Sar-Box has timing maximums so that info is release in a standard way among all public companies).
You may recall that I have worked in public companies in an investor relations-adjacent position both before and after Sar-Box and for almost 30 years.
I think if you adjust your expectations to the current regs, you would see there is nothing amiss. I hope you do so you can stop asking people to contact them because that is pointless.
What has been posted? Are you referring to my post asking you if you were in the legal profession?
Hey Grab, are you a lawyer or legal professional? You write like on! )Compliment)
Not at all - its the kind of thing you only know if you have to.
We are all in this together.
I just feel we should maybe consider there is nothing that can be said yet. That doe snto mean nothing exciting is about to happen - only that they won't release it until it is a fait accompli.
What a public company communicates and when are topics and processes that are very well regulated by the SEC and the rules of SarBox. The whole point of SarBox was to stop companies from timing the release of info (using it as power or avoiding it for protection) and to force the communication of and timing of news so that investors could be sure that whatever they need to or are allowed to know is publicly known. I have worked for public companies both pre and post SarBox (old timer here) and my job was investor relations-adjacent. I can tell you - HUGE difference in what gets said and when.
BEFORE SarBox - sales info that talked about what the company PLANNED to do. Slick looking annual reports, investor packages and other communication materials, glossy and impressive and the better the year (or the more they wanted it to appear like it was a good year) the fancier the materials. Bigger companies were able to out spend smaller ones - special folders and expensive papers and stickers and what not.
AFTER SarBox - 90% just the facts of what ALREADY happen and very little forward-looking statements (a term developed for SarPox) if any at all - basically just the facts! Materials all look the same, they have to be written for a 6th grade education and include certain standardized parts. 8Ks used to be exciting, now they are just the facts.
HUGE difference.
For me, I believe when they can tell us something - they will. We all agree that the CFO is a stickler for the rules - conservative even. I am trusting in the rules, the process and the CFO.
Read that article on the SoftTech page on LI. If that is the kind of thing that Webstar has an exclusive right to - we are all going to be rolling it in very soon
!
I think the point of this CEO is that he is a strong deal man and vert trustworthy. Since this company needs deals to make it grow - he is a good fit. Better he should know deal making than high tech, leave that to the CTO. IMHO
Very exciting day!
Not at all! This is touchie stuff!
That is my guess. Makes sense.
As I read it - all that got denied was their request for a stock ticker symbol change. I seen no big deal with that.
I think we should assume we are all good and stay positive. I have had shares in many public companies for many years. I have also worked for a bunch as well. Both scenarios pre and post SarBox.
Things are very different post SarBox for many reasons but especially in regard to notification to shareholders. That really was the point of SarBox as it was in response to shareholders not being notified timely enough and how that affected shareholders.
In this post Sar-Box world...companies only say what they must therefore, no news is good news. SarBox requires notification to shareholders of material events. I am going with no news is good news.
Enjoy the Memorial Day Weekend, everyone!
I was just thinking that the other day! It's like Covid has made people good with everyone doing their work rather than being at meetings all day! I am starting to like it!
Have a great weekend all!
Hey Grab, you mentioned Hutch on the website. Who is that? I don't see that anywhere.
Just checked it out - looks cool. Are you on WYM? Reply Private with your handel on there.
Cool! Thanks, The-Rookie!
Also, I agree - the new website does look like it was done by someone who actually knows what a website should look like. That old site looked like it was from the '90s.
Hey Grab, You mentioned WYM. What is that?
In ref to Post #236 - nice bio for Don - I like it!!!
I could really use this to go big!
Very excited at all the new activity.
The world is ready for something new. That's for sure. If you read the S-1, sounds like they might have "an app for that".
I think AT&T makes me the most made because their marketing makes people really believe it is true that they have 5G. The started out calling their product "the new 5G" then they went to "5G evolution" after they really could not prove 5G. Now their website shows a coverage map that is labeled "Nationwide 5G". Check it out.
https://www.att.com/5g/coverage-map/
Sam - good to hear that I am not alone in my opinions. I love when someone who has AT&T tells me they have 5G because they paid a premium for a 5G phone. Ugh - I don't tell them - why make them nuts!
Also Verizon's 5G is in such small spaces, too small to even really use.
5G from AT&T is not real.