WiFi TV Inc. (WIFT)

[al44]

Alex is no longer CEO. He has been kept on as a consultant. Also, Lisa Pahl has been kept on in a different capacity. I noticed that Colby doesn't do PRs anymore. I will call the TA this week for a share count update. For shareholders, the most recent counts may be considered encouraging. New management has their work cut out for them. Personally I think the mountain of accumulated deficits is too heavy to weather. Bankruptcy could be an option. They will need money to operate with little revenue coming in. Looks like more shares will be sold. Also keeping Alex on even as a consultant will hurt the company. He carries a lot of bad baggage and a bad reputation with shareholders as uncaring. It comes with using a company as a personal ATM. I have received dozens of emails from former shareholders applauding the indictment of Alex even though it wasn't from what he did to them as former shareholders in this company. I have heard recently from others that were never invested but knew of what was going on in this company over the years. All happy to see justice finally done. I think keeping Alex on in any capacity will continue to hurt this company. The new management may not have a choice as I haven't read anywhere that Alex has divested his preferred stock with the super voting rights. I can only assume he is still in control of the board which means he still controls the company. It's definately something to keep in mind if considering investing in the "new" management.

.......al