There is a new board at WLGC, made up of shareholders who took initiative to replace old management and board that was clearly ineffective.
The new team, and a few other large shareholders are using their own funds to keep the company afloat and work on a business strategy. We think there is value in the IP and I am sure Ian will communicate once the company affairs are stable. There is approximately $300k in short term payables to grapple with, some lawsuits, and challenges such as accounting, website, SEC filings etc etc.
The new BoD and CEO are not being remunerated. They are investing dozens of hours and loaning their own money to help save the company, and hopefully provide a positive return for all stakeholders.
The libelous comments, insults, and negativity from several posters and purported shareholders, is disappointing to say the least. Several of us see value in the company and are contributing time and money. Step up and offer help, and be grateful that some individuals have stepped up.
If any of you have taken the time to read the Reach patent application, do so. We are not making the effort for a few pennies. Do your own due diligence.
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