(And if the answer is "false" or "not" shareholders, keep in mind that investor reluctance to buy shares of a company based on available information - or the lack of it - directly affects these so-called "true shareholders.")
As for
I can give my personal interpretation/opinion of the 2016 WOGI Shareholder Letter to anyone who will commit to the same level of dialogue.
I haven't a clue what that means. Are you saying if I will discuss the 2016 Shareholder letter as though it is credible, you will do the same? Sorry, I can't. I don't think it - or much else from WOGI - is credible.