To the Board:
I had a teleconference with Mr Licht Friday evening, and have a follow-up discussion planned with him for either tonight, or tomorrow, depending on his availability at the times set. I will provide to the board any inputs he provides me.
From my conversation with him on Friday, I know that he has an informal meeting planned with the SEC on Friday of this week. He is going to show them his business plans and joint venture agreements, and whatever filings the lawyers have been able to update up to this point, to show that WCHG is simply a shell company waking up, and a legitimate play.
He was as surprised as anyone about the suspension, and has asked for the meeting with the SEC to (1) understand why the suspension was issued, (2) why a hearing has been requested with the advocate judge before the company even responds, and (3) exactly what is required to return to free-trading.
He is hoping that with the information he and his lawyers can provide that he can convince the SEC to remove WCHG from the court hearing that has been scheduled, for a time undefined at this moment. He and only one other company even responded to the SEC's letter; the other companies did not even respond, and accepted the revocation/suspension order. He did not tell me who the other company was......
Don't Drink It, just Sip It....then move on to the next play
Don't Drink It, just Sip It....then move on to the next play
