WebTech Wireless Inc WEWWF

RE: RE: RE: Goodwood is moving fast

[dqma]

BOD battle happens all the time between activist shareholder and small cap. eg I own IMMR that has two activist investor groups that bought share less than a year sent out letter, one proposed a slate and the other one two BOD members. The company made a deal and allowed one candidate from the latter on BOD. So the one that proposed slate just left.

If you believe that WEW is worth something like
.80 and you probably want activist investor on BOD,  They can force the sale of the company faster. Goodwood is probably satisfied with a double.
But you believe that company is worth more than that, which the current BOD think so,, then you probably want to go with a large shareholder that has more skin in the game. My guess is that current BOD will get more shareholder representation on BOD but it might not be Goodwood. Goodwood will not have much shareholder support if the WEW last quarterly result and outlook confirm it's on the right track. As I said before, the situation is different from ATS automation. ATS previous management was given time but  lost confidence of the shareholders. Their oust was the right outcome. For WEW, the shareholder revolt has already happened when Anwar left. The current management is here to repair mistake and please shareholders. eg why  their IR needs to make a press release every time they sign a penny contract. 

if you believe the current management is doing a good job,  replacing the current BOD will only delay the company turnaround. eg it will take time to get another CEO,CFO, etc. Unless Goodwood has some brilliant ideas and get some brilliant connection,  I don't see why changing management will benefit shareholders at this point.