Central Wireless Inc (CWIR)

[Briggsy]

Agree. Until CWIR releases a national PR, the supposed Twitter Acct of the CEO is a wash at this point and shouldn't be topic of discussion on CWIR boards. Per SEC guidelines, CEOs can only use Twitter and other social media websites for updates and communications with public shareholders when they have PR'd/filed news of their intentions and verify the account. So, up to this point, the Twitter acct is illegal many would say.

Last filing on OTC is 2011, so the CEOs intentions to use Twitter as a means to communicate day to day updates, insights, hints of timelines, upcoming news, etc, is definitely in question per SEC.

“Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news,” George Canellos, acting director of the SEC’s enforcement division, said in a statement.

The SEC confirmed that a regulation prohibiting companies from disclosing material information to select investors applies to social media and other emerging means of communication the same way it applies to company websites. Company communications made through social media channels could constitute a violation of the fair disclosure rule known as Regulation FD if investors had not been told in advance where the information would be posted, the SEC said. I'd assume there's many who've purchased CWIR who aren't on IHUB or Yahoo message boards and may not know about the Twitter acct, hence some issues going forward possibly.

http://www.bloomberg.com/news/2013-04-02/sec-approves-social-media-use-for-companies-material-disclosure.html

Just my 2-cents!