iwondertoo
14 hours ago
https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=214028153069176068234253209228070094098176253010
Looks like it's brand new, so we can only make assumptions, at this point. I'm not sure that we can do anything about it, either way. Except hope that whoever is handling it is more concerned with shareholders than most OTC company officers are. So far, we haven't been rs'd into oblivion, so there seems to be a legitimate hope that is the case. I guess our other hope could be that there will be good news in our lifetime. LOL
iwondertoo
7 days ago
I am not sure why WBSR would have bothered to keep filings of no income and increased debt current, simply to go private. Seems like there would have been a cheaper way, and why go public in the first place? Seems like a lot of trouble and expense for nothing. Even selling the public entity would be worth something, companies pay quite a bit for a public ticker...
I guess we continue to wait out the birthing process, not sure how many of those common shares can be in a brokerage to sell, anyway. LOL
SoccerFan1
7 days ago
According to the Wyoming filings, there are 400,000,000 authorized commons shares in the new company vs. 200,000,000 commons shares for Webstar, so everyone is getting diluted by 50 percent (assuming all shares are issued in the new company). The company was formed last month. There is no price and no market for the new shares. The press release is not specific, but if it is a complete asset sale, Webstar probably won't be an ongoing concern. Why this technology is not be developed under Webstar is anyone guess, possibly to avoid SEC reporting costs.
iwondertoo
1 week ago
At the moment, it means that for every Webster share you own, as of a certain date(did it mention the date?), you will gain a share in another developing company. So, I guess that if this ever makes it through the birthing process, we could end up with twins. Lol hopefully they both survive and thrive.
iwondertoo
1 week ago
Webstar Technology Group Inc. (WBSR) To Issue Stock As Dividend To Shareholders In Company That Is Positioned As A Player In The Emerging ECO Tech Market
Press Release | 06/18/2024
The Company Is Selling Certain Assets To A Private Company, Electrical Compression and Optimization, Incorporated ("Buyer") In Return For Shares In Buyer;
The Company Will Be Issuing Existing Shareholders Of Record As Of 5 PM June 21, 2024, Stock On A One 1-For-1 Basis Of Their Holdings, As A Dividend
JACKSONVILLE, FL / ACCESSWIRE / June 18, 2024 / Webstar Technology Group Inc. (OTCQB:WBSR), a software marketing and technology company that identifies, incubates and acquires exclusive rights to promising proprietary technology products and services and provides its shareholders access to participate in cutting edge technology opportunities, today announced it is entering into an Asset Purchase Agreement with a private company, Electrical Compression and Optimization, Incorporated, a Wyoming corporation ("ECO or Buyer") which will acquire certain of the Company's assets.
At the time of Closing of the Agreement, Buyer shall transfer to Seller Two Hundred One Million, Fifty-Seven Thousand Two Hundred Seventy-Eight Common Shares (201,057,278) through its transfer agent VStock Transfer LLC, to Seller for dividend distribution to Seller's common stock shareholders.
Electrical Compression and Optimization, Incorporated ("ECO") is a new company that is at the forefront of the emerging global Electrical Compression technology market.
Don Roberts, the CEO of the Company said: "Possible applications of the Enhanced Electrical Compression process could enable electric cars to double battery range and travel twice as far on a single charge (DC markets) and world-wide electrical consumption for homes and business (AC markets) could be reduced by 50% or more via the Electrical Compression and Optimization process."
He continued: "ECO will initially develop Phase One ofthe DC power module for extending battery life (twice as many miles traveled on same charge) of electric vehicles of all varieties of voltages and applications. Phase Two will focus on compressing AC Power for homes and businesses all over the world."
This process should be completed by July 31, 2024 through VStock Transfer.
iwondertoo
1 week ago
I would imagine most of us have ideas, but, so far, nothing has actually happened. I have to remake my theory about the coma, though. I think this has been a long birth process, instead. Can't have a coma without actually having a life, first. It's just been a really long gestation period. Now, will it be stillborn or actually end up alive and kicking. LOL
Maybe it's Braxton-Hicks.....:
grab
4 months ago
Well, well, someone who knows from the inside and can confirm the company has nothing just all lies.
What technology? they have none, my opinion of course.With no proof. Bet Owens has no tech knowledge
nor experts working on it. bet the couldn't show nor produce their experts, all a sham. SHOW IT!
Pity about Hutch being treated like that. He is an upstanding straight shooting talented accountant.
Obviously hoodwinked by a brilliant accomplished con artist, probably one of the best. But then those
types are very good at what they do until it hits in, then all hell lets loose.
Good luck at clutching straws.
iwondertoo
4 months ago
Well, I contemplated that overnight and come to the conclusion that the only thing new it had in it was that he wasn't paid. Which I deplore, but if there isn't any income I guess it is to be expected. Other than that, he signed off on exactly what he would have signed in a 10K, so it was rather gratuitous. Webstar doesn't have income, which the 10K has said since the company was public, and there isn't any surety that the tech is marketable and this will become a profitable business. Which he also signed off in the previous 10K and Q's. And, if he felt unable to say that in a 10K, why could he state it in a resignation letter? Curious.
So, we still sit and see, and most of us, if we have stock, it isn't tradeable, anyway, so...........