Wireless Age Communications, Inc. (fka WLSA)

[Aletheia1]

The record shows there were two rounds of funding put into NLI and WLSA. This money seems mostly to have been invested by insiders and those close to JS. The question I believe being asked is how much of that working capital is left to create shareholder's value or will we have to suffer more dilution down here to pay for lawyers and to fund ongoing operations.
The other question is of course JS's leadership. Through the information on the Fanofact site it is apparent this organization has no proper procedures in place but rather a fly by the seat of your pants approach.If procedures had have been in place due diligence would have been done before any large scale orders were accepted.
One also has to wonder if senior management who participated in the financing are less than enamored by their loss and how that will impact their relationship with JS.