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$ACYD - Wialain Technologies -CONFIRMED working with Hughes on pitch to US Military for world-wide wireless platform
Adding 300 salespeople by end of year---this is huge
http://ih.advfn.com/p.php?pid=nmona&article=60593673
$ACYD - Wialain Technologies -CONFIRMED working with Hughes on pitch to US Military for world-wide wireless platform
Adding 300 salespeople by end of year---this is huge
http://ih.advfn.com/p.php?pid=nmona&article=60593673
Victor Edgar Tapia JUST returned from a tour of duty overseas, he is in the Navy. Slandering Wialan's Tapia's son who is a military veteran that was in combat tours and has served our country is WAY out of bounds.
Thank you for your service, Victor Edgar, and my apologies to the Tapia family and Wialan for some who are slandering and spreading lies about a man who has done nothing but serve and protect.
WIALAN is the future
- Setting up shop in Latin America (Brazil), as well as in Europe (Bulgaria)
- Hughesnet deal in the works, awaiting "green light" to PR
- Many other Fortune1000 ISP provider deals in discussion (eg: Verizon)
- Potential projects in every Park/Marina/ Hospital/ Public Areas, etc, potential for projects like Miami-Dade for all districts in America and beyond
- Mentioned in call: PARABOLIC Revenue Growth in the next few months!!
- No Debt, cash to cover local production cost
- $5-10M line of Credit for International growth
- Audited Fins in the works
- Ticker Change/ Name change coming within weeks or even days
- Wialan box can resolve Bandwidth issues for Netflix-Hulu-etc with video servers
- 2014 FIFA/ Olympics project targets
- Compensation program for sales leads
- 100 units+ per day production capabilities, etc etc etc.
- Expanding Sales team
- Working with Netflix and IBM
What to look forward to from Wialan in early 2014:
- Setting up shop in Latin America (Brazil), as well as in Europe (Bulgaria)
- Hughesnet deal in the works, awaiting "green light" to PR
- Many other Fortune1000 ISP provider deals in discussion (eg: Verizon)
- Potential projects in every Park/Marina/ Hospital/ Public Areas, etc, potential for projects like Miami-Dade for all districts in America and beyond
- Mentioned in call: PARABOLIC Revenue Growth in the next few months!!
- No Debt, cash to cover local production cost
- $5-10M line of Credit for International growth
- Audited Fins in the works
- Ticker Change/ Name change coming within weeks or even days
- Wialan box can resolve Bandwidth issues for Netflix-Hulu-etc with video servers
- 2014 FIFA/ Olympics project targets
- Compensation program for sales leads
- 100 units+ per day production capabilities, etc etc etc.
- Expanding Sales team
The world is waking up to the Wialan revolution! Merry Christmas!
ACYD - must-read!! Letter from John Folger as a private shareholder and former CEO of ACYD
This letter has not been approved by, or in any way sanctioned by the company and I bear sole responsibility for my statements. There is no inside or inappropriate information contained in this letter. Everything is public or just my own opinion of issues under discussion. Please verify all claims and comments using your own due diligence. I have no role in Wialan, but continue to wish them Godspeed.
This is an attempt to set the record straight and to dispel the falsehoods, misrepresentations and damaging innuendo that demean the intelligence of the IHUB audience and that can potentially damage the ACYD/Wialan shareholders with libelous and slanderous mischaracterizations. You might notice that I am posting under my own name in order to be completely transparent and so there is no misunderstanding of intentions. Feel free to cut and paste my comments in response to innuendo. My phone number and email have not changed. To any bashers, I ask that you offer the same courtesy.
If this letter should attract any attacks or comments from my personal fan club, I suspect it must be an effort to distract from the intense potential of this new enterprise. I confirm that I am a long on this stock and a long term shareholder. I have never sold a single share of ACYD over more than 4 years.
Many individuals worked very hard to deliver value to the ACYD shareholders and it is unfortunate that all of us have become lightning rods for attack and criticism. We are history; please focus on your future.
First let’s consider the merger with Wialan. When the former ACYD business plan failed, we made it known that we were seeking a new and fresh business operation. We reviewed several options. The merger of ACYD with Wialan was accomplished for all of the right reasons. The major ones were:
1. Protect and improve the value for the current ACYD shareholders
2. Find a new business entity and mission with greater promise and profit potential
3. Develop a credible way to insulate the new entity and the shareholders from creditors
4. Create the means to pay off the former ACYD liabilities by the corporate spin-off
5. Reward the shareholders with additional spin-off participation as a dividend
We believe that we accomplished this objective in immediate value and created an enormous upside. This is a small but innovative and stable company that is just breaking out into market penetration. The ramifications of what they have created are only now beginning to be understood. While their first platform is a new and better WIFI standard, the market segments to which they can adapt are endless.
The former ACYD business model failed for 2 primary reasons; lack of sufficient funding to acquire enough properties (there were 11) to create sustainable revenue, and some very bad choices by management. These decisions and choices were mostly mine and I accept full responsibility. We never reached the critical mass required and were badly slammed while we were still trying to develop our new business model. There were never any funds or shares mismanaged. There was dilution, unfortunately, as we continued to attempt to gain some traction. No one got more than about $60K in annual compensation. Despite the persistent rumors, no one who was a corporate officer or ACYD advisor received any large share compensation package or the massive dilutive convertible debt or notes that get continually discussed. There were never millions of dollars.
We took great pains to insulate the new Wailan venture from the former ACYD liabilities of around $300,000, which are to be paid out of a reserve of some of the stock I received and the balance is to be paid out of the corporate spin off that is described in the merger agreement. That document also states that there will be a “distribution” of shares in this new spin-off corporation to the shareholders of ACYD. This was designed to be an extra dividend for the shareholders.
Another recurring question is the mention of a reverse split of the common stock in the agreement. While not required, it was prudently included as an option in case the company required it to meet a higher exchange listing such as NASDAQ. We felt this uplisting was important as the former management and negotiators on behalf of our shareholders. The stock price should manage on its own.
Because of the way that we engineered the merger structure, I do not believe that Wialan will be required to issue any shares to cover former ACYD liabilities or convertible debt based on the creation of the spin-off at the point that the company completes an S-1 registration.
Prior to the merger, I forgave almost $200,000 of $300,000 of unpaid back salary and expenses and took a restricted common stock payment in the future of ACYD/Wialan rather than maintaining a cash debt. This makes me a serious long term investor in the new venture to the tune of an additional $100,000.
I should also mention that any officer or control person of Wialan that received any of the 1.9 billion shares of stock is not only restricted for 1 year, but also subject to a leak out provision after that period. No member of former ACYD management received any compensation in stock or cash as a result of the merger. This would have been a required disclosure item. There is no dumping of old ACYD shares by any of us.
The merger became more time consuming and problematic because as disclosed, since January, we had to borrow more funds for operating, legal and accounting expenses and to support litigation to regain control of the company in order to solicit the required shareholder approval to complete the transaction. That we were successful under such adverse conditions is still considered a miracle.
The delays on the financial and quarterly reports relates to the original records being withheld by a former director and our inability to access all of the books and records in a timely manner. We were forced to spend considerable time, effort and money to rebuild the information that Wialan and OTC would require. As previously disclosed and discussed, an additional issue relating to the delay of the 3rd quarter filing involves the consolidation of the financials of the former ACYD and Wialan. Especially relevant is that Wialan was a private company and as such, was not set up to maximize revenue and profits but rather focused on tax implications. Its accounting was on a cash basis, which is normal for a private company, not accrual as required for the OTC and SEC.
From my own experience, FINRA can take their own time to ask questions and require answers before final name and symbol change. It is also not unusual for a recently public company and its management to experience transition issues that must be resolved. This is new territory for them and we believe that they are being addressed.
During our initial due diligence for the merger, we were struck by the people and the future potential of Wialan. The company has terrific technology and really is the “special sauce” for the next generation of WIFI and far beyond. We were amazed when we saw the demonstrations for their new early warning platform and then realized that there were a series of additional new “breakthrough” applications that are far beyond anything currently being contemplated.
We had to be very careful when we suggested and recommended Wialan as the proper merger partner for ACYD and we truly believe in the technology, the creative engineering team, and the national and international market potential of all of their new applications. For obvious reasons, I won’t disclose all that we saw, but I can state unequivocally that that are a host of additional breakthroughs that can make the Wialan application totally ubiquitous in every state, city, town and country. It’s not just WIFI, streaming, movies and corporate and strategic worldwide partnerships anymore. If you understand that streaming video cameras and loudspeakers can now be controlled at a distance, just imagine the other implications with whole buildings and towns operated on a secure wireless network. It’s mind boggling.
The founder of Wialan, Victor Tapia, is a very dedicated technology engineer who has a genius for anticipating and solving problems. His core team is focused and driven. Over the last 5 years or more, they have built the specific solutions platform to a better standard than the competition. They have more exciting solutions that have yet to be discussed or released. This constant testing and evolution takes time, but they are now ready for substantial market expansion through deployment, relationships and co-ventures in the United States and internationally. Their press releases indicate that they have already passed the “proof of concept” phase and have the initial relationships with organizations, carriers and technology partners in place. Everyone now believes that the revenues will ramp up from here after the years of startup, testing and development phases completing this year and they are just entering deployment right now!
You have all been informed that corporate relationships are expanding as new opportunities, applications and international markets are opening. More manufacturing and fulfillment expansion is being implemented in South America and Europe. Consider that as an emerging new company, they are already in almost 10 countries!
During our due diligence, we met the team, saw the installations, witnessed the demonstrations and watched the implementation of the existing products and the future applications. I saw the eyes of potential clients’ pop open when they saw and recognized the implications of this new technology. After years of hard work and small scale deployment during testing and research, the revenues should now begin to show geometric progressions, or as Drew described as a hockey stick, because they are built on a solid foundation with patent protected technology that really works and offers huge global market opportunities.
To dispel some other false impressions, I offer a word about the people involved in the former and future of the amazing new company that helped to complete this transaction for the benefit of all of us.
Tim Peabody is an active attorney with a full time practice in California with an investment history in technology, so he understood the future direction for Wialan. He was instrumental in working out the merger details and it should be no surprise that he would move on professionally while continuing to support the company’s intention to find a CEO and management team with WIFI, technology, and government and municipal contacts that also has public company experience.
Mike Connors is a well-established and capable real estate development professional with stellar credentials. As an investor and corporate advisor with various operations and projects around the country, he brings a wealth of experience and contacts. One might imagine that from his field, he might recommend and deliver other real estate developers and new underserved target markets.
Drew Connolly has the skills, experience and relationships as he described in the conference call that will help to create significant benefits in his new position as a Director with Wialan. His experience as a third generation stock broker, investment advisor and SEC participant is well suited for this role. During the former ACYD operations, the company was unfortunately not able to utilize his credentials to any effect because it never really got off the launching pad. He was never involved in any incentive or other personal enrichment plan. He has no convertible notes from his former relationship with ACYD.
Mitch Freifeld was much in the same situation as Drew because ACYD never reached the size and scale for his services. In a past professional life, he created a very large national sales team with more than 100 field offices. It would be safe to assume that his experience developing and expanding sales and marketing systems and personnel would be a significant benefit to Wialan.
I have read the criticism of the prior history and experience of all of the former ACYD management, but it completely misses the mark. I believe we become stronger by some of the experience gained by our mistakes. In fact, some of my new professional and consulting opportunities result from past, mistakes and that we found an honorable, successful and profitable solution for our shareholders and creditors.
We believe we made the right decision for all parties concerned with this merger and we look forward to the day when Wialan leaves its competition in the dust and becomes a new global WIFI and technology infrastructure brand.
I wish all of you a Very Merry Christmas and a Happy New Year and just like you, we anticipate the robust expansion and profitability of Wialan in 2014 under its new name and ticker symbol!
Sincerely yours,
John Folger
must-read open letter from former CEO of ACYD (now Wialan Technologies)
Letter from John Folger as a private shareholder and former CEO of ACYD
This letter has not been approved by, or in any way sanctioned by the company and I bear sole responsibility for my statements. There is no inside or inappropriate information contained in this letter. Everything is public or just my own opinion of issues under discussion. Please verify all claims and comments using your own due diligence. I have no role in Wialan, but continue to wish them Godspeed.
This is an attempt to set the record straight and to dispel the falsehoods, misrepresentations and damaging innuendo that demean the intelligence of the IHUB audience and that can potentially damage the ACYD/Wialan shareholders with libelous and slanderous mischaracterizations. You might notice that I am posting under my own name in order to be completely transparent and so there is no misunderstanding of intentions. Feel free to cut and paste my comments in response to innuendo. My phone number and email have not changed. To any bashers, I ask that you offer the same courtesy.
If this letter should attract any attacks or comments from my personal fan club, I suspect it must be an effort to distract from the intense potential of this new enterprise. I confirm that I am a long on this stock and a long term shareholder. I have never sold a single share of ACYD over more than 4 years.
Many individuals worked very hard to deliver value to the ACYD shareholders and it is unfortunate that all of us have become lightning rods for attack and criticism. We are history; please focus on your future.
First let’s consider the merger with Wialan. When the former ACYD business plan failed, we made it known that we were seeking a new and fresh business operation. We reviewed several options. The merger of ACYD with Wialan was accomplished for all of the right reasons. The major ones were:
1. Protect and improve the value for the current ACYD shareholders
2. Find a new business entity and mission with greater promise and profit potential
3. Develop a credible way to insulate the new entity and the shareholders from creditors
4. Create the means to pay off the former ACYD liabilities by the corporate spin-off
5. Reward the shareholders with additional spin-off participation as a dividend
We believe that we accomplished this objective in immediate value and created an enormous upside. This is a small but innovative and stable company that is just breaking out into market penetration. The ramifications of what they have created are only now beginning to be understood. While their first platform is a new and better WIFI standard, the market segments to which they can adapt are endless.
The former ACYD business model failed for 2 primary reasons; lack of sufficient funding to acquire enough properties (there were 11) to create sustainable revenue, and some very bad choices by management. These decisions and choices were mostly mine and I accept full responsibility. We never reached the critical mass required and were badly slammed while we were still trying to develop our new business model. There were never any funds or shares mismanaged. There was dilution, unfortunately, as we continued to attempt to gain some traction. No one got more than about $60K in annual compensation. Despite the persistent rumors, no one who was a corporate officer or ACYD advisor received any large share compensation package or the massive dilutive convertible debt or notes that get continually discussed. There were never millions of dollars.
We took great pains to insulate the new Wailan venture from the former ACYD liabilities of around $300,000, which are to be paid out of a reserve of some of the stock I received and the balance is to be paid out of the corporate spin off that is described in the merger agreement. That document also states that there will be a “distribution” of shares in this new spin-off corporation to the shareholders of ACYD. This was designed to be an extra dividend for the shareholders.
Another recurring question is the mention of a reverse split of the common stock in the agreement. While not required, it was prudently included as an option in case the company required it to meet a higher exchange listing such as NASDAQ. We felt this uplisting was important as the former management and negotiators on behalf of our shareholders. The stock price should manage on its own.
Because of the way that we engineered the merger structure, I do not believe that Wialan will be required to issue any shares to cover former ACYD liabilities or convertible debt based on the creation of the spin-off at the point that the company completes an S-1 registration.
Prior to the merger, I forgave almost $200,000 of $300,000 of unpaid back salary and expenses and took a restricted common stock payment in the future of ACYD/Wialan rather than maintaining a cash debt. This makes me a serious long term investor in the new venture to the tune of an additional $100,000.
I should also mention that any officer or control person of Wialan that received any of the 1.9 billion shares of stock is not only restricted for 1 year, but also subject to a leak out provision after that period. No member of former ACYD management received any compensation in stock or cash as a result of the merger. This would have been a required disclosure item. There is no dumping of old ACYD shares by any of us.
The merger became more time consuming and problematic because as disclosed, since January, we had to borrow more funds for operating, legal and accounting expenses and to support litigation to regain control of the company in order to solicit the required shareholder approval to complete the transaction. That we were successful under such adverse conditions is still considered a miracle.
The delays on the financial and quarterly reports relates to the original records being withheld by a former director and our inability to access all of the books and records in a timely manner. We were forced to spend considerable time, effort and money to rebuild the information that Wialan and OTC would require. As previously disclosed and discussed, an additional issue relating to the delay of the 3rd quarter filing involves the consolidation of the financials of the former ACYD and Wialan. Especially relevant is that Wialan was a private company and as such, was not set up to maximize revenue and profits but rather focused on tax implications. Its accounting was on a cash basis, which is normal for a private company, not accrual as required for the OTC and SEC.
From my own experience, FINRA can take their own time to ask questions and require answers before final name and symbol change. It is also not unusual for a recently public company and its management to experience transition issues that must be resolved. This is new territory for them and we believe that they are being addressed.
During our initial due diligence for the merger, we were struck by the people and the future potential of Wialan. The company has terrific technology and really is the “special sauce” for the next generation of WIFI and far beyond. We were amazed when we saw the demonstrations for their new early warning platform and then realized that there were a series of additional new “breakthrough” applications that are far beyond anything currently being contemplated.
We had to be very careful when we suggested and recommended Wialan as the proper merger partner for ACYD and we truly believe in the technology, the creative engineering team, and the national and international market potential of all of their new applications. For obvious reasons, I won’t disclose all that we saw, but I can state unequivocally that that are a host of additional breakthroughs that can make the Wialan application totally ubiquitous in every state, city, town and country. It’s not just WIFI, streaming, movies and corporate and strategic worldwide partnerships anymore. If you understand that streaming video cameras and loudspeakers can now be controlled at a distance, just imagine the other implications with whole buildings and towns operated on a secure wireless network. It’s mind boggling.
The founder of Wialan, Victor Tapia, is a very dedicated technology engineer who has a genius for anticipating and solving problems. His core team is focused and driven. Over the last 5 years or more, they have built the specific solutions platform to a better standard than the competition. They have more exciting solutions that have yet to be discussed or released. This constant testing and evolution takes time, but they are now ready for substantial market expansion through deployment, relationships and co-ventures in the United States and internationally. Their press releases indicate that they have already passed the “proof of concept” phase and have the initial relationships with organizations, carriers and technology partners in place. Everyone now believes that the revenues will ramp up from here after the years of startup, testing and development phases completing this year and they are just entering deployment right now!
You have all been informed that corporate relationships are expanding as new opportunities, applications and international markets are opening. More manufacturing and fulfillment expansion is being implemented in South America and Europe. Consider that as an emerging new company, they are already in almost 10 countries!
During our due diligence, we met the team, saw the installations, witnessed the demonstrations and watched the implementation of the existing products and the future applications. I saw the eyes of potential clients’ pop open when they saw and recognized the implications of this new technology. After years of hard work and small scale deployment during testing and research, the revenues should now begin to show geometric progressions, or as Drew described as a hockey stick, because they are built on a solid foundation with patent protected technology that really works and offers huge global market opportunities.
To dispel some other false impressions, I offer a word about the people involved in the former and future of the amazing new company that helped to complete this transaction for the benefit of all of us.
Tim Peabody is an active attorney with a full time practice in California with an investment history in technology, so he understood the future direction for Wialan. He was instrumental in working out the merger details and it should be no surprise that he would move on professionally while continuing to support the company’s intention to find a CEO and management team with WIFI, technology, and government and municipal contacts that also has public company experience.
Mike Connors is a well-established and capable real estate development professional with stellar credentials. As an investor and corporate advisor with various operations and projects around the country, he brings a wealth of experience and contacts. One might imagine that from his field, he might recommend and deliver other real estate developers and new underserved target markets.
Drew Connolly has the skills, experience and relationships as he described in the conference call that will help to create significant benefits in his new position as a Director with Wialan. His experience as a third generation stock broker, investment advisor and SEC participant is well suited for this role. During the former ACYD operations, the company was unfortunately not able to utilize his credentials to any effect because it never really got off the launching pad. He was never involved in any incentive or other personal enrichment plan. He has no convertible notes from his former relationship with ACYD.
Mitch Freifeld was much in the same situation as Drew because ACYD never reached the size and scale for his services. In a past professional life, he created a very large national sales team with more than 100 field offices. It would be safe to assume that his experience developing and expanding sales and marketing systems and personnel would be a significant benefit to Wialan.
I have read the criticism of the prior history and experience of all of the former ACYD management, but it completely misses the mark. I believe we become stronger by some of the experience gained by our mistakes. In fact, some of my new professional and consulting opportunities result from past, mistakes and that we found an honorable, successful and profitable solution for our shareholders and creditors.
We believe we made the right decision for all parties concerned with this merger and we look forward to the day when Wialan leaves its competition in the dust and becomes a new global WIFI and technology infrastructure brand.
I wish all of you a Very Merry Christmas and a Happy New Year and just like you, we anticipate the robust expansion and profitability of Wialan in 2014 under its new name and ticker symbol!
Sincerely yours,
John Folger
ACYD - read this amazing letter from the former CEO of ACYD (now Wialan technologies)
Letter from John Folger as a private shareholder and former CEO of ACYD
This letter has not been approved by, or in any way sanctioned by the company and I bear sole responsibility for my statements. There is no inside or inappropriate information contained in this letter. Everything is public or just my own opinion of issues under discussion. Please verify all claims and comments using your own due diligence. I have no role in Wialan, but continue to wish them Godspeed.
This is an attempt to set the record straight and to dispel the falsehoods, misrepresentations and damaging innuendo that demean the intelligence of the IHUB audience and that can potentially damage the ACYD/Wialan shareholders with libelous and slanderous mischaracterizations. You might notice that I am posting under my own name in order to be completely transparent and so there is no misunderstanding of intentions. Feel free to cut and paste my comments in response to innuendo. My phone number and email have not changed. To any bashers, I ask that you offer the same courtesy.
If this letter should attract any attacks or comments from my personal fan club, I suspect it must be an effort to distract from the intense potential of this new enterprise. I confirm that I am a long on this stock and a long term shareholder. I have never sold a single share of ACYD over more than 4 years.
Many individuals worked very hard to deliver value to the ACYD shareholders and it is unfortunate that all of us have become lightning rods for attack and criticism. We are history; please focus on your future.
First let’s consider the merger with Wialan. When the former ACYD business plan failed, we made it known that we were seeking a new and fresh business operation. We reviewed several options. The merger of ACYD with Wialan was accomplished for all of the right reasons. The major ones were:
1. Protect and improve the value for the current ACYD shareholders
2. Find a new business entity and mission with greater promise and profit potential
3. Develop a credible way to insulate the new entity and the shareholders from creditors
4. Create the means to pay off the former ACYD liabilities by the corporate spin-off
5. Reward the shareholders with additional spin-off participation as a dividend
We believe that we accomplished this objective in immediate value and created an enormous upside. This is a small but innovative and stable company that is just breaking out into market penetration. The ramifications of what they have created are only now beginning to be understood. While their first platform is a new and better WIFI standard, the market segments to which they can adapt are endless.
The former ACYD business model failed for 2 primary reasons; lack of sufficient funding to acquire enough properties (there were 11) to create sustainable revenue, and some very bad choices by management. These decisions and choices were mostly mine and I accept full responsibility. We never reached the critical mass required and were badly slammed while we were still trying to develop our new business model. There were never any funds or shares mismanaged. There was dilution, unfortunately, as we continued to attempt to gain some traction. No one got more than about $60K in annual compensation. Despite the persistent rumors, no one who was a corporate officer or ACYD advisor received any large share compensation package or the massive dilutive convertible debt or notes that get continually discussed. There were never millions of dollars.
We took great pains to insulate the new Wailan venture from the former ACYD liabilities of around $300,000, which are to be paid out of a reserve of some of the stock I received and the balance is to be paid out of the corporate spin off that is described in the merger agreement. That document also states that there will be a “distribution” of shares in this new spin-off corporation to the shareholders of ACYD. This was designed to be an extra dividend for the shareholders.
Another recurring question is the mention of a reverse split of the common stock in the agreement. While not required, it was prudently included as an option in case the company required it to meet a higher exchange listing such as NASDAQ. We felt this uplisting was important as the former management and negotiators on behalf of our shareholders. The stock price should manage on its own.
Because of the way that we engineered the merger structure, I do not believe that Wialan will be required to issue any shares to cover former ACYD liabilities or convertible debt based on the creation of the spin-off at the point that the company completes an S-1 registration.
Prior to the merger, I forgave almost $200,000 of $300,000 of unpaid back salary and expenses and took a restricted common stock payment in the future of ACYD/Wialan rather than maintaining a cash debt. This makes me a serious long term investor in the new venture to the tune of an additional $100,000.
I should also mention that any officer or control person of Wialan that received any of the 1.9 billion shares of stock is not only restricted for 1 year, but also subject to a leak out provision after that period. No member of former ACYD management received any compensation in stock or cash as a result of the merger. This would have been a required disclosure item. There is no dumping of old ACYD shares by any of us.
The merger became more time consuming and problematic because as disclosed, since January, we had to borrow more funds for operating, legal and accounting expenses and to support litigation to regain control of the company in order to solicit the required shareholder approval to complete the transaction. That we were successful under such adverse conditions is still considered a miracle.
The delays on the financial and quarterly reports relates to the original records being withheld by a former director and our inability to access all of the books and records in a timely manner. We were forced to spend considerable time, effort and money to rebuild the information that Wialan and OTC would require. As previously disclosed and discussed, an additional issue relating to the delay of the 3rd quarter filing involves the consolidation of the financials of the former ACYD and Wialan. Especially relevant is that Wialan was a private company and as such, was not set up to maximize revenue and profits but rather focused on tax implications. Its accounting was on a cash basis, which is normal for a private company, not accrual as required for the OTC and SEC.
From my own experience, FINRA can take their own time to ask questions and require answers before final name and symbol change. It is also not unusual for a recently public company and its management to experience transition issues that must be resolved. This is new territory for them and we believe that they are being addressed.
During our initial due diligence for the merger, we were struck by the people and the future potential of Wialan. The company has terrific technology and really is the “special sauce” for the next generation of WIFI and far beyond. We were amazed when we saw the demonstrations for their new early warning platform and then realized that there were a series of additional new “breakthrough” applications that are far beyond anything currently being contemplated.
We had to be very careful when we suggested and recommended Wialan as the proper merger partner for ACYD and we truly believe in the technology, the creative engineering team, and the national and international market potential of all of their new applications. For obvious reasons, I won’t disclose all that we saw, but I can state unequivocally that that are a host of additional breakthroughs that can make the Wialan application totally ubiquitous in every state, city, town and country. It’s not just WIFI, streaming, movies and corporate and strategic worldwide partnerships anymore. If you understand that streaming video cameras and loudspeakers can now be controlled at a distance, just imagine the other implications with whole buildings and towns operated on a secure wireless network. It’s mind boggling.
The founder of Wialan, Victor Tapia, is a very dedicated technology engineer who has a genius for anticipating and solving problems. His core team is focused and driven. Over the last 5 years or more, they have built the specific solutions platform to a better standard than the competition. They have more exciting solutions that have yet to be discussed or released. This constant testing and evolution takes time, but they are now ready for substantial market expansion through deployment, relationships and co-ventures in the United States and internationally. Their press releases indicate that they have already passed the “proof of concept” phase and have the initial relationships with organizations, carriers and technology partners in place. Everyone now believes that the revenues will ramp up from here after the years of startup, testing and development phases completing this year and they are just entering deployment right now!
You have all been informed that corporate relationships are expanding as new opportunities, applications and international markets are opening. More manufacturing and fulfillment expansion is being implemented in South America and Europe. Consider that as an emerging new company, they are already in almost 10 countries!
During our due diligence, we met the team, saw the installations, witnessed the demonstrations and watched the implementation of the existing products and the future applications. I saw the eyes of potential clients’ pop open when they saw and recognized the implications of this new technology. After years of hard work and small scale deployment during testing and research, the revenues should now begin to show geometric progressions, or as Drew described as a hockey stick, because they are built on a solid foundation with patent protected technology that really works and offers huge global market opportunities.
To dispel some other false impressions, I offer a word about the people involved in the former and future of the amazing new company that helped to complete this transaction for the benefit of all of us.
Tim Peabody is an active attorney with a full time practice in California with an investment history in technology, so he understood the future direction for Wialan. He was instrumental in working out the merger details and it should be no surprise that he would move on professionally while continuing to support the company’s intention to find a CEO and management team with WIFI, technology, and government and municipal contacts that also has public company experience.
Mike Connors is a well-established and capable real estate development professional with stellar credentials. As an investor and corporate advisor with various operations and projects around the country, he brings a wealth of experience and contacts. One might imagine that from his field, he might recommend and deliver other real estate developers and new underserved target markets.
Drew Connolly has the skills, experience and relationships as he described in the conference call that will help to create significant benefits in his new position as a Director with Wialan. His experience as a third generation stock broker, investment advisor and SEC participant is well suited for this role. During the former ACYD operations, the company was unfortunately not able to utilize his credentials to any effect because it never really got off the launching pad. He was never involved in any incentive or other personal enrichment plan. He has no convertible notes from his former relationship with ACYD.
Mitch Freifeld was much in the same situation as Drew because ACYD never reached the size and scale for his services. In a past professional life, he created a very large national sales team with more than 100 field offices. It would be safe to assume that his experience developing and expanding sales and marketing systems and personnel would be a significant benefit to Wialan.
I have read the criticism of the prior history and experience of all of the former ACYD management, but it completely misses the mark. I believe we become stronger by some of the experience gained by our mistakes. In fact, some of my new professional and consulting opportunities result from past, mistakes and that we found an honorable, successful and profitable solution for our shareholders and creditors.
We believe we made the right decision for all parties concerned with this merger and we look forward to the day when Wialan leaves its competition in the dust and becomes a new global WIFI and technology infrastructure brand.
I wish all of you a Very Merry Christmas and a Happy New Year and just like you, we anticipate the robust expansion and profitability of Wialan in 2014 under its new name and ticker symbol!
Sincerely yours,
John Folger
anyone have a sense of when WNTR will put out financials next? thanks
Great news! Chart is coiled up - easy double by end of the month. Congrats to AAPH share-holders!
Sorry, you bet it doesn't what?
Ticker change comes before disclosure of revenues and contracts....this company has ENORMOUS things in the works and is deeply oversold...no-brainer buy and hold here. Your money will grow x10 by end of Q1 '14.
The market is waiting for Wialan to drop the much bigger news they have in their pocket...inexperienced, panicky players dumping for no good reason. Great chance to add more.
Don't be distracted by straw-man arguments. Wialan is not an ISP, they just make the best & most affordable hardware that carriers across the industry need. So good is their product that they are currently manufacturing on at least 3 continents! Buying here is a no-brainer.
Wialan is a ridiculous bargain here! Smart money scooping up these cheap shares for the huge run to come....Hughes and Netflix? Count me in. Anyone selling here is on drugs.
Wialan in Brazil:
http://www.wialan.com/typography/pressreleases/116-wialan-technologies-signs-letter-of-intent-to-expand-business-into-south-america.html
Now we know from the CC that they are manufacturing in both Brazil and Bulgaria, as well as in the US.
The recent CC clearly referenced the JV with Hughes, as did the Sept 12 call.
Wialan is doing great things and they are eager to tell the story to the world. You don't want to be on the wrong side of this stock in the coming days and months. Easiest home run you'll ever hit in your life. Buy and hold Wialan = guaranteed boomage
The only "legitimate concern" about Wialan at this point is when the ticker gets changed, so they unleash the flood of incredibly positive good news about their expansion and exploding revenues:
1) Hughes deal taking Wialan international
2) Development of the JV in Brazil
3) Expansion across the US
4) WEWS sells in beaches and parks
5) New patents and new technology
6) New deals with municipalities
7) Other deals similar to Hughes partnership
8) Other JVs in other countries
9) National/international sales force
10)Humanitarian missions ie Haiti
This stock soar and the pps will FLY...shares are at a ridiculous discount right now. Buy at these prices while you can.
Victor is a tech guy and he's relying on others to deal with some business aspects. Wialan's amazing technology has the attention of the big boys in the marketplace. Their superior tech will win the day and make longs wealthy(or wealthier,as the case may be...)
How many other otc companies could you imagine being so responsive to shareholders that they immediately ungag the TA when a situation like this arose? None, that's how many. This all just goes to show that Wialan s the real deal and won't be trading down here (in terms of pps or the otc) for long.....bound for the BIG BOARDS soon.
Holy wow, Netflix!! I cherish every single share of this company I own. We're gonna be rich, guys.
GREAT CC!! You don't open manufacturing facilities on two new continents unless HUGE things are in the works!! pps will SOAR
ihub post of the year
right.
that's why investors put up all their money, because it wouldn't work.
for a grab-bag of made-up non-reasons you just pulled out of thin air.
Buy the unjustified panic. The release today clearly states that they are going to trumpet positive geologist reports next week. The thing can only go down 4 more ticks for godssake.
It was 100,000% undervalued before. Now it's just 20,000% undervalued.
Wah! Panic sell! MM's use terror tactics to shake your shares and break your spirit.
Take your meds so you can focus for ten minutes. Read the *whole* PR. The title and tone of the beginning of the PR were defensive, which hurt. But the important stuff was the part about the gold.
Remember the gold?
here is the part of the press release everyone should be focused on -
APPOINTMENT OF GEOLOGISTS:
Management is pleased to confirm that it has appointed Craig Parkinson as the Geologist who will be initially responsible for the assessing and development of three of the Company’s Exploration Properties, namely “Clara, Burnt Well and Kit Carson”. Craig has considerable experience in this Geographic region and the Management and development of Mining Properties in that area. Craig is licensed in the State of Arizona. Craig will be initially compiling reports and coordinating with Management on the exploration strategy on each of these three properties and as each is completed, they will be published and made available to stockholders.
The Company has appointed an additional Geologist whose sole responsibility is the Company’s “White Hills” Gold Exploration Property. This Geologist has intimate knowledge of this Property, has overseen previous successful Drilling Campaigns on this Property and is uniquely positioned to expedite and execute our planned development of “White Hills”. Management is awaiting confirmation that this Geologist is able to assume his duties on “White Hills” immediately. Upon Management being satisfied that this Geologist is able to resume duties immediately, we will communicate his details to stockholders, failing which, the details of his replacement.
The details of the Agreements with both of these Geologists will be filed on the OTC Markets as well as their resumes.
DETAILED INFORMATION ON THE COMPANY’S EXPLORATION PROPERTIES:
Management recognizes the need to publish reports and where possible, conservative valuations on each of its properties. Whilst we are in possession of volumous data on each of the properties, including former drilling and assay results, Management believes that these reports should be prepared by and signed off by our Geologists, prior to publication.
To that end, Craig Parkinson will be preparing the reports for “Clara, Burnt Well and Kit Carson”. Our other Geologist is preparing the report for “White Hills”. The reports for “Silverfields and Potts Mountain and Ester Basin” may well be prepared by Craig Parkinson, failing which, by another Geologist.
It is expected that these reports will start becoming available as early as next month.
ACCELERATED PLANNING FOR “WHITE HILLS” GOLD EXPLORATION PROPERTIES:
The Company acquired “White Hills” with specific exploration planning in mind. To that end, this will entail the extension of former successful drilling programs on the property. The Company will update stockholders once the arrangements for its commencement are finalized.
The Assay Reports from previous drilling are being compiled and checked by the responsible Geologist and will be made available next week.
Let me repeat the most crucial passage for emphasis: The Assay Reports from previous drilling are being compiled and checked by the responsible Geologist and will be made available next week.
Let me translate: This property was already drilled successfully. We already know that it has more than enough gold to kick in the financing we have already arranged so that we can work the claim on their dime (i.e. the results of previous assays showed there's a high concentration of gold. an assay is a process by which geological samples are analyzed for their content and gold, silver or whatever desired metal levels are assessed). We are going to have a qualified geologist retest the previous samples and review the validity of the assay reports produced in the past (which were used to justify successful digs). We will conclude that indeed there is gold in them thar hills, and we are going to announce it next week in PRs.
They telegraphed the gameplan.
It's reading, kids.
The more you know. *public service announcement jingle plays*
Great times to come here! This week's move barely begins to make up the HUGE gap between WNTR's current market cap and it's TRUE value. Multi-bagger over next 30-60 days.
The news was pretty much exactly what was expected (which is to say very good) and the selling here is silly in my opinion.
This thing will rock like crazy when they start publishing assay reports. Which they intend to do quite soon. Unless you absolutely must be liquid right now, why the hell would people sell here? A little patience, folks.
Guys remember this ticker was at .20 four months ago....congrats to all longs as we begin the climb back to a proper valuation!
Shaking my head at anybody selling here. Makes no sense. CC in a week. Exercise a little patience - we'll be on the nasdaq in a year.
He's not leaving us blowing in the wind. You've seen his emails same as I have. He's pissed about the pps, the manipulation and the disinformation. It's just been Thanksgiving week and Hanukah. He has declared his intention to ramp up PR and has been good to his word. Let's not get worked up that he wasn't up on his soapbox during a holiday week. He's going to lead us to the promised land. In Blom we trust!
Long and strong $GNCP, continuing to accumulate at these ridiculous low levels.
Accumulating and not selling a share! Holding for the Nasdaq!
News bombs start with ticker change. It looks tacky if you come out with all this great info for a wider circle of investors and you still have dead company's ticker. We wouldn't care by now, but if they're smart they're thinking about making a good impression on larger investing world. The number of contracts and amount of revenue we'll be learning about by the conference call is going to be rocket fuel to the next leg up for Wialan.
This stock will hit dollars a lot sooner than people think. Don't miss out.
Woah - that is BIG! That is the future of advertising right there. The Wialan plot thickens...it may be tough getting shares in the coming days!
Blom is a serious baller - he could buy and sell everybody on this board ten times over before breakfast. He's made it clear he wants to put h wood to these shorts. Expect powerful PRs that will cause the insane naked shorts to be forced into waves of panic buying. GNCP goes parabolic from here.
Great work! This ticker is primed to explode! The investing world will be blown away by all the pies Wialan already has its fingers in. It's going to be an exciting week leading up to the conference call....THEN the real fun begins!
Hearing good things are in the pipeline here....loading up at these cheap prices. Don't want to be caught chasing when the juicy PR hits!
He doesn't, he's just trying to frighten you out of your shares.
fascinating tool, thanks for sharing
The $10M comes from the sale of stock, restricted for on year, priced at $1 per share. The financiers know what this company and its holdings are worth.
Goofy attempts at scare tactics by throwaway fake IDs representing short-sellers should be ignored. GNCP is an amazing opportunity to book exponential returns. Don't let scammers frighten you out of your shares. The company is real, there is no dilution, the gold is there, and Blom knows how to lead us to the promised land - he's done it before.
Great opportunity to load & hold at these tiny price. Blom is a rarity in the OTC - a real, accomplished giant in his industry who has already taken companies up to multi-billion dollar valuations. He wouldn't be here if he wasn't about make huge returns. Buying and holding will do the same for us. Glta and Happy Thanksgiving!
Long and Strong Wialan. You can smell the fear coming from the shorts as this machine gets revved up again. The conference call will blow everyone away. Revenues, partnerships, patents and plain old SUPERIOR TECHNOLOGY will carry us much, much higher from here. Congrats to all Wialan shareholders, be thankful for this amazing investment opportunity!