Webstar Technology Group Inc (WBSR)

[grab]

I am not posting to defend the company, but to analyze it and check it out. But fair is fair.

https://www.otcmarkets.com/stock/WBSR/news/story?e&id=1892660

ALSO from the website:

SHAREHOLDER UPDATE - June, 2021

Recently, on May 11, 2021, the Company announced that “(WBSR) Received Ticker Symbol From FINRA”. https://www.otcmarkets.com/stock/WBSR/news/story?e&id=1892660

The issuance of the trading symbol provides the Company with the ability to list on the public markets.

The notification from FINRA said: “FINRA processed a Form 211 relating to the initiation of priced quotations of WBSR, which means that the submitting broker-dealer has demonstrated to FINRA compliance with FINRA Rule 6432 and therefore has met the requirements under that rule to initiate a quotation for WBSR…”
Since then, shareholders have asked why we are not yet trading even though FINRA has issued the trading symbol?

We are not yet trading because, first, we had to apply to OTCMarkets Group for listing. The OTC Markets is not a federal or state regulatory agency. OTC Markets Group is an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities. We now have been cleared for listing on the OTC.

Our next step required prior to trading is to obtain DTC clearance. The DTC is the digital platform for clearing stock trades electronically. We have applied to the DTC and the process could take 4 to 6 weeks to complete.

Once we are cleared by the DTC, our market maker will begin to initiate trading. We will update this website with information as we receive it.

You may also view the OTCMarkets site, https://www.otcmarkets.com/stock/WBSR/quote to see if our stock has begun to trade.

https://www.webstartechnologygroup.com/shareholder-update-june-2021