WEBDIGS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, O

Show all filings for WEBDIGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEBDIGS INC 13-Oct-2009Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, O Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provide...
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WEBDIGS INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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WEBDIGS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operation Our Management's Discussion and Analysis of Financial Condition and Results of Operation set forth below should be read in conjunction with our audited consolidated financial statement contained in our Form 10K filed with the SEC on February 13, 2009 relating to our fiscal year ended October 31, 2008. Cautionary Note Regarding Forward-Looking Statements Some of the statements made in this section of our report are forward-looking statements. These forward-looking statements generally relate to and are based upon our current plans, expectations, assumptions and projections about future events. Our management currently believes that the various plans, expectations, and assumptions reflected in or suggested by these forward-looking statements are reasonable. Nevertheless, all forward-looking statements involve risks and uncertainties and our actual future results may be materially different from the plans, objectives or expectations, or our assumptions and projections underlying our present plans, objectives and expectations, which are expressed in this section. In light of the foregoing, prospective investors are cautioned that the forward-looking statements included in this filing may ultimately prove to be inaccurate-even materially inaccurate. Because of the significant uncertainties inherent in such forward-looking statements, the inclusion of such information should not be regarded as a representation or warranty by Webdigs, Inc. or any other person that our objectives, plans, expectations or projections that are contained in this filing will be achieved in any specified time frame, if ever. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document. The risks discussed in the 10K filed with the SEC on February 13, 2009 should be considered in evaluating our prospec...
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WEBDIGS INC Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for WEBDIGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEBDIGS INC 14-Jul-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intende...
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WEBDIGS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition

Show all filings for WEBDIGS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for WEBDIGS INC 15-Jun-2009Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...
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WEBDIGS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities Private Placement Transaction On May 14, 2009, Webdigs agreed to issue an aggregate of 1,750,000 shares of common stock in a private placement transaction that was exempt for the registration requirements of Section 5 under the Securities Act of 1933. All shares in this transaction were offered and sold at the per-share price of $0.10. Of these shares, our Chairman and Chief Executive Officer, Robert A. Buntz, Jr., purchased 500,000 common shares. Two other accredited investors also participated in the transaction and together received the remaining 1,250,000 common shares sold in the transaction. Conversion of Accrued Compensation On May 18, 2009, and with the approval of the board of directors of Webdigs, our Chairman and Chief Executive Officer, Robert A. Buntz, Jr., together with our Chief Financial Officer, Edward Wicker, converted a portion of their accrued but unpaid compensation owed to them by Webdigs. Messrs. Buntz and Wicker respectively converted $50,000 and $5,000 of their accrued but unpaid compensation into shares of Webdigs common stock at a per-share price of $0.35. As a result, Mr. Buntz received 142,857 common shares and Mr. Wicker received 14,286 common shares. Each of Messrs. Buntz and Wicker also received a warrant to purchase up to the same number of shares issued to them at the per-share price of $0.47, on or before May 31, 2012. Issue of Warrant to Lantern Advisers The disclosures set forth under Item 1.01 above and relating to the warrant issued to Lantern Advisers are incorporated herein by this reference. General Webdigs offered and sold the securities described under this Item 3.02 in reliance on the exemptions from registration provided by Sections 4(6) and 4(2) of the Securities Act 1933, and on Rule 506 promulgated thereunder. All investors in the securities were accredited investors, as that term is defined in Rule 501. Webdigs' o...
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WEBDIGS INC Files SEC form 8-K, Other Events

Item 8.01 Other Events As previously disclosed in a Form 8-K dated December 12, 2008, on that date Webdigs, Inc. ("Webdigs" or the "Company") closed on a loan of $250,000 from Lantern Advisers, LLC and issued a Promissory Note ("Note") to Lantern. The Note requires monthly interest payments of one percent of the principal and requires repayment on or before September 30, 2009. In addition, Robert Buntz, Jr, the Chairman and CEO of Webdigs, has also provided a personal guaranty for the entire amount of the Note, and Webdigs executive officers and directors pledged as collateral 4,510,940 shares of Webdigs, Inc. to secure the obligation of Webdigs under the Note in the following amounts: Section 14 of the Note contained a conversion option that did not have a set price, but would allow Lantern to convert the Note to Webdigs common stock at a price equal to 75% of the lowest bid price of the five days preceding notice of conversion. In connection with the investment by Lantern and the delivery of the Note, Lantern made representations to the Company regarding the presence of the conversion feature in the Note and its intent with respect to exercising it. The Company has made all required interest payments on the Note when due. The Company has received a purported Notice of Conversion from Lantern dated March 19, 2009. A copy of that letter is attached as Exhibit 10.1 to this Form 8-K. Under Lantern's proposed conversion notice, the Company would be required to issue 16,666,667 shares of its common stock to Lantern. As of March 14, 2009, the Company had 22,739,511 shares of common stock outstanding. The issuance of shares to Lantern would mean that Lantern, together with its controlling persons Joseph A Geraci, II and Douglas M. Polinski would collectively own 18,373,999 shares outstanding, according to Schedules 13G filed by Mr. Geraci and Mr. Polinski with the SEC. Therefore this group would collectively own approximately ...
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WEBDIGS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Our Management's Discussion and Analysis of Financial Condition and Results of Operation set forth below should be read in conjunction with our audited consolidated financial statement contained in our Form 10K filed with the SEC on February 13, 2009 relating to our fiscal year ended October 31, 2008. Cautionary Note Regarding Forward-Looking Statements Some of the statements made in this section of our report are forward-looking statements. These forward-looking statements generally relate to and are based upon our current plans, expectations, assumptions and projections about future events. Our management currently believes that the various plans, expectations, and assumptions reflected in or suggested by these forward-looking statements are reasonable. Nevertheless, all forward-looking statements involve risks and uncertainties and our actual future results may be materially different from the plans, objectives or expectations, or our assumptions and projections underlying our present plans, objectives and expectations, which are expressed in this section. In light of the foregoing, prospective investors are cautioned that the forward-looking statements included in this filing may ultimately prove to be inaccurate-even materially inaccurate. Because of the significant uncertainties inherent in such forward-looking statements, the inclusion of such information should not be regarded as a representation or warranty by Webdigs, Inc. or any other person that our objectives, plans, expectations or projections that are contained in this filing will be achieved in any specified time frame, if ever. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document. The risks discussed in the 10K filed with the SEC on February 13, 2009 should be considered in evaluating our prosp...
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WEBDIGS INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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WEBDIGS INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our audited consolidated financial statements and related notes that appear elsewhere in this filing. Cautionary Note Regarding Forward-Looking Statements Some of the statements made in this section of our report are forward-looking statements. These forward-looking statements generally relate to and are based upon our current plans, expectations, assumptions and projections about future events. Our management currently believes that the various plans, expectations, and assumptions reflected in or suggested by these forward-looking statements are reasonable. Nevertheless, all forward-looking statements involve risks and uncertainties and our actual future results may be materially different from the plans, objectives or expectations, or our assumptions and projections underlying our present plans, objectives and expectations, which are expressed in this section. In light of the foregoing, prospective investors are cautioned that the forward-looking statements included in this filing may ultimately prove to be inaccurate-even materially inaccurate. Because of the significant uncertainties inherent in such forward-looking statements, the inclusion of such information should not be regarded as a representation or warranty by Webdigs, Inc. or any other person that our objectives, plans, expectations or projections that are contained in this filing will be achieved in any specified time frame, if ever. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document. The risks discussed in the Item 1A of this filing should be considered in evaluating our prospects and future performance. General Overview Real Estate We are a web-based, full service real estate company that offers innova...
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