For the WSHE Core Group and new believers ... I will share this with you from the vast amount of DD , that I have personally done and continue to do so , watching all avenues. This continues to check all the boxes, but one has to understand and respect the 'hurdles' one has to through with the SEC on this type of conversion . I am not an expert in the SEC processes , but know enough that they are being overwhelmed with various "non compliant companies " , so time will tell.
I am in on this group , 100%, do your own DD and if you find the example in the past year of non transparency , please post. I am well aware of Pre 2018 for WSHE and all the members .
=====
From Doug MacDonald on Wed October 3, 2018. Standup Person and his background of integrity being with the CMP , shows over and over.
==================================
==================================
Doug Mac Donald <dmacdonald@westspheresystems.com>
Oct 3, 2018, 5:47 PM (11 hours ago)
to me, dmacdonald
Mike – I am replying to your e-mail below and based on your outlined due diligence I hope you will accept the delay due to the recent announcements and the transitions which during the course of the development of our re-organization strategy could only be reported upon by filings of our 8K’s which document and outline the steps we have made to bring what we feel is a very significant financial opportunity which the asset purchase the company has made holds for the company and shall hopefully be reflected in the share value of the company.
As we have previously posted since March 2017 our sole effort was to search out real and revenue producing business operations which we could utilize our sizeable non-capital loss (we are in the final stages of bringing our financials to audit ready but the NCLoss is in the multi-million dollar range). I can advise that we walked away from the many usual flash in the pan promotional deals which were being presented and we focussed not only on the business profitability of the opportunities presented to us but to the principals of the businesses we were being introduced to.
E-Debit Global Inc. (previously Westsphere Asset Corporation) had its origination in the opening of a new business segment in Canada based on the introduction of non-conventional bank machines to the Canadian Marketplace. The company was very successful in the first 8 years of operations being one of the first to enter the marketplace until consolidation and margin shrinkage took a significant bite out of the Company’s profit centres. As nearly all our shareholders were Canadian the changes to the Securities Rules in Canada in 2012 saw the Company’s shares being restricted from being traded through Canadian Brokerage Accounts ultimately led us to file the Form 15 and removing WSHE from the responsibility of being a reporting issuer which at the time was costing the Company anywhere from $200,000 to $250,000 a year for accounting and filing fees both with the SEC in the US as well as across Canada.
We view the current opportunity that brought us into contact with Jake George and his Affordable Green Holdings group of partners and associates as not only the very best in class of business opportunities in this newly State by State regulatory environment focussed in Washington State but an established administrative and operational infrastructure of first class status. I can state the negotiations were significant but they were successful and I can state the historic management and directors of WSHE had no hesitancy to turn over the company to Jake and his team. I personally view the potential of GreenLink to not only mirror but to far exceed what Westsphere experienced when we entered into a newly and burgeoning regulated field and I am more than pleased to remain on the Board during this exciting period with Jake leading the way. He is without a doubt the best of breed in this industry and with the benefits of having WSHE with no debt, real assets and a significant non-capital loss available to grow the business our Company has no real peer in the business space we occupy.
I will defer to further ongoing comment from our President and CEO but advise there will be a learning curve to bring the new WSHE team to deal with the ongoing intricoes of re-engaging WSHE as a fully-reporting issuer but I am more than confident of their success.
Hope this assist in answering some of your enquiries – We appreciate your input.
Doug Mac Donald, Director and Chairman WSHE
