Wialan Technologies Inc (WLAN)

[Speculation]

What has never been fully appreciated in any analysis of WLAN I have seen is this: John Folger arranged a BRILLIANT merger solution for his shareholders. The ACYD business plan had failed-it doesn't matter why. The shareholders were wiped out. JF negotiated with a group led by a lawyer and kept his shareholders a 25% ownership stake!!! Peabody that legal genius made a foolish deal requiring their group to get issued 1.9 BILLION shares to make the math work. John negotiated a merger agreement that outlined a series of investor protections included the requirement of an S 1 registration for a spin off of The New Renaissance Group as a dividend to shareholders and thereby the creation of a NEW public company with the possibility of a 2nd business as part of his original shareholders recovery.

Meanwhile genius Peabody who seems not to believe in fundamentals but rather technology hype- had approximately 300-400 K invested in the company having bailed Victor out of prior note obligations in the private company about the same amount of money PLEDGED but dribbled in by the third party(partner) now listed as business advisor. Freifeld and Peabody made whatever deal to promote the shares and the rest as they say is history.

What is clear is this is what is called in the business a "busted" stock and given the share structure, abysmal management, lack of significant sales heavy competition and lack of capital it is hard to see how these can be overcome.