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I bought it 7 or 8 years ago in the 75 cent range and no I never bought any more after the initial purchase. It might have been 72 cents if memory is correct.
thanks for the link. if you don't mind me asking, i'm curious as to when you invested and at what price. the stock has had its ups and downs since 2009. did you not get out when it went up or average down when it was really low? i'm trying to see if there is a pattern here and therefore predictable behaviour. if this is truly a scam then maybe we can figure out an appropriate time to get in and then exit with a profit.
This is a posting to the Receivership documents related to our former chain of WIreless phone stores.
http://www.mnpdebt.ca/en/corporate/corporate-engagements/wireless-age-communications-ltd-and-wireless-source-distribution-ltd
This business was what we bought into or at least what I bought into and in the end it seems that $11 Million of our subsidiaries' money was funnelled thru WLSA and then out to Newlook. I think that all shareholders should look over these documents as they are very insightful as to where the value in WLSA went.
This was one of the announcements where JS transferred assets of WLSA into his son's company(hardly arm length)
This needs a full forensic audit.If the SEC took 10 years to respond to Bernie Madoff you have a snowballs chance in hell having them look at this. Fleecing the small shareholder seems to be acceptable to the regulators.
http://www.vertilitytechnology.com/index.php?option=com_content&view=article&id=154:wireless-age-spins-off-bpo-business-and-license-for-its-home-energy-services-business&catid=1:news&Itemid=123
If you Google "John Simmonds Wireless Age" you get a link at the bottom of Page 1 to this site. If you google "John Simmonds WLSA" you get linkes to this site as result 2 and 3 (and more of course). I'm assuming once someone finds this forum they are informed.
Further, if you poke around you see references to the following companies:
Newlook
Gate to Wire
WLSA
Further investigation will lead one to find two unregistered (or halted) companies, and one that has gone nowhere forever.
i'm trying to figure out gwir. you said google has a lot of negative stuff on js, can you send me the links, tia
We may be done here but so is he. When I bought this pos several years ago it was on the strength of his reputation.
That is now in tatters. You can take some comfort knowing that google has his recent "accomplishments" well documented. He has no successes to point at that aren't very old. No one with much brains will buy into the story I ate up.
He's done.
I wish I could look him in the eye and tell him.
Does anyone from Canada know if the rumor of closed offices is true?
And where is Brad Herrin? We haven't heard his take on this.
Guess so. Strange world these pink sheets with ugly management. Only been caught in a couple. I knew what I was dealing with here basicly. The real risk is buying a higher exchange stock and getting the same results as Wireless Age. I'm still waiting for name change.:)
Well I guess it is over Have to wait to JS pops up somewhere else to warn others of his nature
Guess Cs isnt even trying to save Wlsa shareholders?
Pretty quiet here..... JUST SAD SHAREHOLDERS AND A RICH CS LEFT
I wonder who warned of this ......... hmmmmmm
Well i guess all i can say is have a nice day !
Also, I'm not basing my skepticism about Fanotech on anything JS said. When I heard what he said, I pretty much assumed that Fanotech was in the right.
I didn't completely change my mind about Fanotech, until Gabe's laughable response, and Gabe's laughable lawsuit, and Gabe's laughable attempts at serendipitously infiltrating this board. I don't see how children like that were ever able to run that company for as long as they did. What a joke!
You actually are confusing me again, I don't think I ever suggest that he would actually achieve those goals. Quite the opposite. And if you'd read my posts, you'd see that I'm skeptical about most things.
But as long as you've brought it up...
It looks like NLI provided their July progress report... For whatever it's worth... Though I haven't read it yet:
http://www.cnsx.ca/Storage/1471/134924_NLI_Monthly_Progress_Report__Form_7_July_2012.pdf
And to answer you questions... Again... A million times again... I DON'T KNOW!
So if you are confused pretty much all the time how do you know my rambling is misguided ?
Give it a rest man , your rebuttal to my somehow non existent post is about as clear as one of Simmonds business plans . No reality , just a bunch of stuff thrown together in an effort to mislead people .
Speaking of truth , did you notice if NLI managed to get their financials done for the end of July as was quoted in one of your earlier post's ? Or am i confusing you again.
More bull PR , but you seem to believe that any PR Simmonds put out about Fanotech is the truth? Yes it's now getting confusing . He constantly lies to shareholders , but he is telling the truth about that one thing . Because of course he said , " trust me why would i lie ". LOL
Answer me one question , why do you think he didn't report for so many years ?
Oh, and in response to your comments about the JGSs.. I was actually confused by that... I thought Graham's name was Graham, not John Graham. Why is it so shocking to you when something confuses me? You shouldn't be... Trust me, I'm pretty much confused all the time .
there has been no news on gwir so i'm not sure what is going on. do you have any insight? you seem to be plugged in pretty well to the simmonds group.
I think others have already known ... That's why it's been so funny to me that you and fliier keep assuming that I must be one of the JGSs .
Thanks, i guess that answers ALL my questions . I hope others understand this is just a side show for you.
deflecting? I'm just here entertaining myself, like I've always done .
So , with all due respect, why are you still on the board deflecting attention away from the real issues?
Jig Saw , are you still in a " long hold " position in Gate to Wire ? I noticed that that you were the one posting a lot of PR coming out of Simmonds Co , any new news?
Yeah... One could always hope for the best, but I've pretty much written things off.
Not a chance. The financials would have to be brought up to date, replacing the CEO would accomplish nothing. JS would still have all his stock to blast at the market, the huge potential liability from law suits would prevent any serious CEO candidate from applying. The stock's registration has been revoked. It is a dormant company in the eyes of the exchange.There is nothing left to salvage closing the barn door after the horse has bolted is a useless exercise.
My question...is it possible for this stock to trade again? If the CEO were replaced are there any assets left in WLSA? Thanks
And who again, do you think I am? I'm still trying to figure that out... Though I suspect that I'm not who you think I am.
Again with the bravado... Continuing this battle isn't going to help anyone.
You know there isn't much left of Fanotech, and that it was falling apart long before Simmonds... If you have any doubt, just look at your website
Both you and JS need to suck it up, bite the bullet, and work this thing out. Is it really worth loosing your business, just to try to spite him?
Flier,
So you heard about the private deal JS offered some of the key shareholders? Can you confirm that? If so that would be interesting for a few reasons it shows that JS does not act in the interest of all shareholders, that he is trying to stop the pack from turning on him, and that the key old management shareholder know too much. If they agreed to a deal they have accepted the thirty pieces of silver which means they would be as culpable as well.
I think you left out pathological liar.
The only shot to anyone getting their money back is to force the SEC to investigate what back door deals happened in the 4 years he didn't report.
I don't think it will be too hard to prove that a deal between JGS and JGS is not arms length . So those assets that are now in other companies should be returned to WLSA and back to the rightful owners . Mr Simmonds and his group of con artists should never be allowed to be involved in public companies again !
Oklahoma , can you post the address that you sent your letter to ? It would be a major step if everyone did send in written complaints .
It would also be nice if i Hub had an automatic link to a list of suspected rip off artists.
As far as i know the office is still open , he runs a lot of shells out of that address.
I see no point in calling him and in case I ever have to testify at a trial I don't want to give him anything to use against me.
Has anyone else here written the SEC??
By the way are you all thinking that D the G is John smonds or someone doing his dirty work?
Also did anyone ever confirm the closure of the offices??
What a coincidence. I had just emailed a colleague yesterday about you, wondering where you disappeared too. Glad to see you back!
I agree JGS is a psychopath with sociopathic tendencies. A real disgrace to humanity. A man with no soul who could purposefully vilify those he has victimized, should they be (by his miscalculation) left with an ounce (or dollar) to fight him. His retaliation is brutal and vicious, based on complete lies and twisted truths. His path of destruction is wide and long, but make no mistake, I hear every Goliath meets his David some day. He can only hide behind his ex-con thug for so long.
But I’m curious OK1960, were you directing your response to only Snow White? Or were you speaking generally that none of us will hear from him again? I believe you are right, he has probably lured the remaining herd to his latest phoenix: either Lumonall, IAGM, Gamecorp, Gate to Wire, Baymount etc, etc. Maybe a share for a share perhaps? Whatever he and GJS, PS and CW can repackage for quick cash. The pattern of Private Placements, BS Press Releases, and late filings is almost hysterical. The internet is a powerful thing. Poetic justice I guess.
Did you ever end up speaking with him directly though? Did he provide the explanation that DtheG said he would, when he passed on the message that you were to call JGS personally? Are you at liberty to share the contents of that call if it ever transpired? I think everyone on this board would be helped in some way by that knowledge.
Psychopath, you could only hope right?
Needed a pix for the dart board.
Gave up hope on this scam a long time ago, although, I thought at some point maybe see some kind of rebound. Logged on today and was surprised. Balls!
I sure as hell hope we could sue this SOB.
Do not forget the other companies tied into WLSA New Look Industries which has been halted and the assets that he transferred to his son through GameCorp,in an arms length transaction.
I truly think he's a textbook psychopath. You won't ever hear from him again. Why would you??
Intense, what do you plan to do with this photo ? Didn't you ever look at " Dream Corps " web site( Vertility ) ?
They should change the catch phrase to " for enough of your money we can tell you any dream can come true ".
The fairy tales don't come cheap , lots of people are out significant amounts and Peter Pan can't come out with an official statement on why WLSA was revoked . That is class !
WOW this sucks!
Does anyone have a picture of JS they could send me so I could put a face to my rapists? No seriously I want a picture. Thanks
Brad,
You have been particularly quiet. Do you have any comments as to what is going on? It seems as if your last posting was categorically wrong or you were purposely misled.
I think the Fanotech Lawsuit will show where a lot of the funding went. If your recall there was public disclosure that there were duplicate accounts set up at the TD Bank that Gabe was unaware of and that JS was writing cheques without Gabes knowledge. This is of course only an allegation however if proven true then we have a start to the money trail.This of course will take years and one hopes Gabe has the strength and money to see it through.I am sure in time the truth will surface.
Unfortunately education is the key here and they have prayed upon honest people by falsely legitimizing the product they were selling .
They would make deals , insiders say that they never had the funds to follow through with . Put out PR that was sketchy at best .
Anyway you slice it there is only one reason someone won't report for 4 years .
If the want to restore people's faith in the stock market they have to find was and means to cut out this kind of thing . Things would be different if they had of reported as they most likely would have had to close up shop years ago .
Aletheia, both you and i know they never had the resources to do waste to energy , but the raised private placement money based on that , and where did the money go ? Did it go to Newlook/Vertility/WLSA? If it did they should have been able to make deals ? So where did it go?
My posts keep getting removed because of their content.
I am obviously striking a nerve.
If the shareholders write to the SEC asking for an investigation relating to the money that was raised without proper financial filings then this would reduce the costs of a law suit. If the SEC finds that everything is in order then this is simply a case of bad management,if however the SEC finds wrongdoing then the shareholders know their individual case has more merit. The fact that WLSA went through a host of CFO's as well as audit partners leads me to believe there is an issue here.
The Advisory Board will also be a source of information.
I participated a few years ago; and I wold again if you want to try again,
Bustalk
Well, the grand total of what was taken, including transferring to NLI is around $8-12M depending on how you slice it. A group of us attempted to bring this to court about 2-3 years ago shortly after the money was moved, but we did not have enough cash to see it through, as there were no law firms at the time interested in a percentage-only case. We each fronted $300 to take this to court. A few "key shareholders", including some of the most prominent on this board, refused to participate. I'm sure they've taken quite a hit, unless JS has managed a separate agreement with them. I'd be interested in how to pursue this further, but unfortunately unless all of the shareholders provided resourcing, we are not going to be successful in following up on this theft. I'd be particularly interested in Brad's response, or perhaps Sir Lance or DofG. Maybe Brad cannot comment as he was an employee? Don't know why Sir Lance isn't commenting, but I can be easily convinced DofG is either JS or one of his cronies, as he's attempted to verbally punish anyone who had attempted to make the shady dealings a public awareness issue.
To All WLSA Shareholders,
Where is Simmonds Cash???
How does he move it from his secret offshore accounts into his hands?
This guy claims to make $1,000,000/Year and pay absolutely no tax. Never paid income tax in his life, claims to be a farmer. The CRA should be interested in that scenario.
Back to the money flow. I think the answer is with his son Graham, his long standing business partner Brian Usher Jones and the lovely Carrie Weiler. He has the stash safely put away but they are the movers.
We have to find it!
If you remember the only revenue producing asset was transferred to his son's company. I suspect there is nothing left. You will never know as the financial have not been done since 2008 and I suspect no one would sign off on them which is why so many CFO's departed.On a class action law suit will work once it can be established through a forensic audit that the $$$ was taken inappropriately. I suspect most people will move on D the G and asdfgh are already supporting the son's company
I am wondering about WLSA. We know it is a defunct public company. Its incorporation has not been cancelled or abandoned, so it is now a private company.
Which class of shares controls the co and who owns the shares?
Is Simmonds still the CEO and in control?
Can that be changed?
Can he dispose, move, borrow, steal the remaining assets, or amalgamate the company with another deadbeat like NLI, Gamecorp, International Gaming, Gate to Wire or any of the other 50-60 shells he controls?
don't defer to my opinion. i'm just quessing. but my guess is that the sec has better things to do than chase down a revoked stock. i don't believe they will spend any investigative time on it unless someone presents an airtight case to them on a silver platter.
Thanks for the update . Others need to write to the SEC .
Looking back i would have to say awareness is the key . I am more disappointed by the people who were posing as fellow investors , do they realize they helped him perpetuate this scam? I may have answered my own question.
Telling people it's a sure thing and then disappearing after you have bought their stock , just makes me sick . I see some of them have moved on to Inter American Gaming. I would love to hear from Brad . So much stock was put on him legitimizing things .
Keep your head up Oklahoma, many share your frustration. hopefully some day he will face the music . Note to anyone who will listen : If Simmonds is involved , run !
The SEC wrote back saying that they appreciate my information, and "we take these matters seriously", but can't and won't disclose if they are actively investigating someone (that's not a surprise, really). No word from the Canadian Securities Commission.
I'm getting very disheartened that nothing will come of this. He's not high profile, and it's small potatoes compared to the kinds of files they must have.
Lucky, wouldn't the SEC be concerned that Simmonds kept promoting this stock and signing deals based on getting the stock up ?
The way i see it is he did take a few runs at getting someone to sign off and was unsuccessful , or he didn't try at all . Either way it reeks of something he couldn't cover up or scuttled the company so it couldn't come out . If i am right then greater sanctions should be placed on JS and his board by the SEC.
i will defer to your opinion as i do believe you have more experience in this field . I have been reading up a bit on the Bob Cotton case , are you familiar with it ?
Do you know if the SEC will investigate?
they did. it was suspended and revoked. the sec is likely done with them.
When it comes to Simmonds nothing is REAL as we all found out the hard and expensive way.
Someone suggested he is broke, I disagree! He wants us to believe he is.
He is still driving his two Maseratis, has race horses, keeps leases on numerous cars not used by anyone, pays alimony etc, etc. I estimate a burn rate of $80-$100K per month. He is not broke by a long shot, he has sources of funds. We just need to find them.
Suggestions are certainly welcomed.
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