I e-mailed Jake hoping for some answers for various items last week, below is his response...
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Thanks for your email. You've been investing in a company that is deploying a strategy that is in one of the most tightly regulated industries in the world on a public platform. We are a restricted pink sheet stock with VERY little trading volume and the majority of would-be investors can't purchase our stock in the open market. I pay almost ZERO attention to our stock price, we are building something really strong here, but I took over a restricted company operating under form 15. We are working our backsides off to put this project in an incredible position and quite frankly there isn't anyone on the outside who could possibly understand the amount of countless hours we've all put into this. Nobody has more skin in the game than I do, so I share in the excitement for the future... I'd argue I'm the most excited, but I'm also the most patient.
That said I see where you may be frustrated, but follow me on this train of thought: When we are restricted we can't promote ourselves and most in the general public can't buy open market shares (which is what would drive the stock valuation up). So during this time we won't see an accurate reflection of our upside as a company and effectively our "news" would be wasting much of our early market momentum for the purpose of pacifying a few shareholders who like to make noise in message boards (literally there are only 3-4 people) and most of them bought in before myself or any of my companies came along and hold a nice position at a discount. I value their past investment, (and yours of course) but I also know that many are mostly sitting on a position that will fare quite well on the backs of our hard work. I am not going to go into details on the stock price, but you are for too savvy not to see through the fluctuations, timing, firms involved, bid, ask, unfilled orders above market, filled orders for under $100 WAY below previous offers... you get the point and at some stage in the game the naked shorts are going to get popped, and I'm not going to run a warning flare up for them.
Investors are exactly as defined: a person or organization that puts money into financial schemes, property etc. with the expectation of achieving a profit. I'm right there with you and the rest of our shareholders/investors, but as I see it, the folks who aren't willing to stay along for the ride are going to tell their friends and family for the rest of their lives how much they "would have made" had they trusted in the process. As for the process it needs to be more widely understood by our shareholders, but that information is also part of our advantage as a company. I have been offered jobs regularly by competitive corporations, but I am not going anywhere because the majority of our shareholders are folks I've known for many years, or folks who are an extension of the MacDonald team and I look forward to fulfilling the vision Doug and his staff initiated.
In closing, I'm here. I hear you. I share your desire to see this take off and I'm pushing forward with a dozen of the hardest working folks in the industry to ensure that we get a proper start... but I respectfully ask you to recognize this is just the beginning for WSHE and our family of growing brands.
Sincerely,
Jake George
PS. I'll share a comment from one of our largest shareholders that gave me a laugh: "Seeing guys on the message boards talking down about you and the company at this stage is like having a team owner booing his own team at a pre-season game" lol
