VERY IMPORTANT NOTICE TO ALL MEMBER/SHAREHOLDERS:
Dear fellow Webuy Shareholder,
If your Webuy account is validated or share credited then you own Webuy. You have a right to know the intent and direction Webuy is taking. So please take the time to read this important notice as we approach the next exciting level of Webuy’s development.
When we started Webuy it was reasonable for people to suspect we might not make it. The major shareholder put aside 20 million shares to be placed at the right time with Investors. Meanwhile the site development has been predominately funded by the major shareholder. He was not in a position to include others until there was a fair chance that the site could be taken to a successful level with the placement of those Investor shares.
We hope Investors agree the time is now right to look to place those 20 million shares at 10 cents each giving Webuy $2,000,000 (2million) to promote and further develop WebuyNZ, expand into other markets and start getting returns for all our member/owners. This move to fast track Webuy’s development would clearly have a major bearing on your share values.
After careful consideration we have terminated discussions with Bob Pritchard and his MarketForceOne, having reluctantly come to the conclusion that it would not be in Webuy’s best interests to proceed.
Although there are no pre-emptive rights for existing members to take shareholdings, those of you who wish to take up shares will be offered the minimum package, i.e., $1000 (10,000 shares) more or less by agreement. A level of 1 million share placement is our target.
We have not as yet identified our ideal Investors/Investment companies. Successful introductions would attract success fees. Contact admin@Webuy.co.nz
Webuy has 1000s more shareholders than virtually any of the public companies in New Zealand. We are at this stage a private, member owned (co-operative) Limited Liability company. Webuy has been substantially funded by one person, the capital is paid up and Webuy has no debts and members have no liabilities. So in a nutshell it’s a great deal for members. However Webuy also has regulations to heed in order to comply with Commerce Commission and Securities Commission requirements.
It is only reasonable to expect any Investor joining Webuy would do so on assessing the future to be bright. They would without doubt see a public listing down the line and they would want a certain level of involvement to protect and advance their investment.
So if we can pull this off it would be great for all of us. The Securities and Commerce Commissions may consider that Webuy will be required to produce a prospectus to put to Investors and possibly even to existing share holders . Webuy may well have a different opinion, believing existing shareholders can increase shares by right as the Investment shares are not being newly created. The company was originally formed with 20 million investor shares available and clearly stated in mission documents.
We are in the process of clarifying our position, but should there be stringent requirements of the Commissions then the promissory take up of shares would have to be substantial to warrant the many thousands of dollars to comply. If not then the position of the total will be reviewed.
You know, we can make a huge future together. All Webuy needs now is an influx of members on top of the thousands we already have. If we all started spreading the word and getting 3 or 4 online trading members, then each of you would be doing Webuy a favour, the new signups a favour and yourself a favour.
Together we can really take the “Webuy concept” to a high level. Why? Simple really. Webuy gives everyone a fair go. It gives everyone a chance to create their future with no capital investment. Webuy makes a profit and all its members gain. Other privately or foreign owned sites aren’t in the same street as Webuy.
Kindest Regards and spread the Webuy word "Fairness and inclusion for all”.
Director and major shareholder.