Speaking of getting informed, WLAN management should update shareholders on its current sales and distribution strategy. Previously management announced the hiring of Mr. Jim Brown as the Senior Vice President of Sales, and Mr. Tony Rodriguez as Senior Vice President of Wialan Municipal Wireless. That announcement was made in January. The company also said they planned on hiring an additional 300 sales associates in 2014. But now we know that Tim Peabody, Wialan's second largest shareholder has now set up Wi-Fidelity, LLC, an independent private LLC company owned by Tim Peabody and unidentified secret partners. Wialan shareholders don't get equity in Wi-Fidelity. Only Tim and his secret partners get equity in Wi-Fidelity. So anyway, Wialan's 2nd Quarter financial results are due no later than Aug 15th, but management needs to explain to shareholders Wialan's current sales and distribution strategy.. Where does Wi-Fidelity, LLC fit into the picture exactly? Why would Tim Peabody form WiFidelity, why are Tim's partners in Wi-Fidelity a secret, and why were Wialan's regular retail shareholders excluded from having an equity stake in Wi-Fidelity? In addition to the upcoming 2nd Q filing, Wialan management needs to address a growing list of questions regarding its current distribution model, and provide a lot more transparency on insider side deals involving Tim and other secret owners of Wi-Fidelity. Cuz there is no clear strategy or transparency.
