Webstar Technology Group Inc. (WBSR)

[InvestaMista]

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.