Silvertip: Thank you for the very kind words. In all honesty and in a kind, calm, and businesslike manner ( in case Frank is reading this he will know that I'm not yelling and this post is nothing more than business communications for the future growth and prosperity of the company ). Frank owns so many shares of WLGC stock that if someone else would take the helm and make this company profitable the increase in the pps Frank will financially do extremely well. Heck Frank could do so well that his working days would be over and he could just kick back and enjoy what years our Savior Jesus has left for him here. Geeeezzzz Silvertip, Frank could even sign a pre-employment agreement/contract with the new President/CEO stipulating that there must be a certain percentage increase in Revenues, Net Income, and an increase in stock pps within a certain amount of time (e.g. 12 or 18 or 24 months etc. etc.). Additionally it could be stated in the contract that if these pre-employment established goals are not obtained then the new President/CEO will voluntarily terminate his/her employment with no termination compensation. In all honesty this would be a win, win, win possibility; a win for Frank, a win for the company, and a win for the stockholders. With the current state of the company; financially, the lack of respect for the company in this sector/industry, and the discouraged stockholders things cannot get much worse short of the company filing for bankruptcy. I think that it may be possible for the new President/CEO to be awarded shares of stock in lieu of part of his/her initial salary if the company does not have the financial resources to pay him/her the normal salary for such a position in a growth company that has stumbled for many years. As Revenues/Net Income starts to increase the new President/CEO could be immediately awarded a percentage of the Net Income in addition to the shares of stock. I'm sure there is an executive out here somewhere that already has the financial resources that would enable him/her to work for Limited/No initial salary until things start to turn around for WLGC. A hot running Executive that thrives on such a challenge to turn around a $0.08 pps stock into a well known, respected, and possibly being The Next Microsoft type of company.....yes Frank such a person is out here!
So fellow stockholders; what am I missing? what am I overlooking? do you agree that such a business decision is possible? What is the downside(s) of such a business decision? In my opinion, unless something very positive occurs real soon by WLGC's most recent attempt to go after the numerous infringements on their Intellectual property rights I don't see any future for WLGC and I can see the possibility of a bankruptcy filing in the not too distant future!
Thank you ever so much for your most valuable time in reading this long bloviating post! I only make such long posts recently because of the continual and never ending stumbling by WLGC and the responsibility for this continual stumbling must be placed on Frank's desk because he is the man at the helm!/b]
Sincerely, Senior Chief
