There has been for a considerable amount of time-at least over a year, a concerted and well orchestrated attempt by some entity to try and destroy WLGS. Whether it is a large competitor, Market makers, professional shorters or whatever,unfortunate events and their relentless attacks have succeeded in sowing frustration and depression amongst the long time shareholders of WLGS. Their attacks today are a mmirror image of their attempts throughout the year.
WLGS, contrary to their bashing ,has achieved remarkable success in terms of acquisition of spectrum and a successfull rollout in Peru.
Unfortunately the legal requirements of any SEC filing with all its 'sky is falling' rhetoric plays into the hands of the bashers. I wonder if the SEC realizes that in trying to 'protect' potential investors they are actually harming current shareholders with their requirements.
An affirmative vote from shareholders re the proxy plan will allow WLGS to continue and expand its resources at a time of difficult funding from sources who have suffered huge losses in the collapse of the Nasdaq over-inflated binge.
Contarians say buy when all others are selling-but it takes guts.
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