WLGS: World Wide Wireless Communication INC. Message Board

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Microcap & Penny Stocks : WLGS: World Wide Wireless Communication INC.

WLGS 11.10

+105,614.3%

Aug 25 3:59 PM EST

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To: Tomstocks who started this subject	10/27/2001 12:51:52 PM
From: SAM-DAN	Read Replies (1) of 2957

While we have not posted since August 20th, we,of course, have been attempting to follow events surrounding WLGS. Things are in such a state of flux that each day some one else has a different version of what is happening and we try not to post matters which we are unsure as to their veracity[ we admit we have been fooled in the past-but in almost all cases not deliberately]. At present our conclusions are still open to variation but certain matters seem to be evolving. 1.The Bond Holders main attempt is to strip the Company of assets and allow the Company to either die quietly or sell off the shell.In either event current shareholders[ourselves included] will not realize anything but a tax loss if they have their way. We believe strongly ,that is what the Bond Holders intended if not from day one of their involvement ,then surely once Argentina delayed issuance of go-ahead to WLGS. We are convinced that shorting of the stock commenced prior to the issuance of the Convertible Debentures. We believe that Mr. Haffer's dismissal was the convenient method of assuring that WLGS would NEVER succeed. Mr. Swiess and Cutter were instrumental in the vote against Mr. Haffer.Mr. Swiess may have made a judgement call.Mr. Cutter's motives are less clear to us. His sale of his stock while CEO and having knowledge of the Company's financial problems [not part of the public record at that time] would seem to make his sales very suspect. There are a number of other matters which we will detail in subsequent postings to flesh out what we believe actually occured and perhaps the measures that may provide the shareholders of record with a means of recouping some of the lost monies. Based on legal opinion, it does not matter whether shareholders have sold or still retain their shares of WLGS since approx Feb-March of 2000. As long as you maintain records of all transactions [sales would be considered attempts to mitigate losses],proof of misdeeds by named individuals may result in substantial damage liabilities. While for obvious reasons we will not name names at this time-WLGS itself would not be the target of our attempts. Any opinions or information that would be beneficial would be appreciated by PM with a promise of complete non-disclosure if so desired.

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