Webstar Technology Group Inc. (WBSR)

[InvestaMista]

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.