Wireless Matrix Corporation WSMXF

RE: Sales team

[downhole21]

You are so right Barons. Talk about miss management! They canned all their sales people and with Herring and the other stoooges at the helm their main focus was on finding a buyer to take out the whole company, at what they thought would be a huge premium to what the shares were trading at. So yes last year when all the take over talk was going on it was true, but no company was dumb enough to offer the kind of money the stooges were asking. As the stock ran up last summer with the take over talk Herring, Weder and others sold in the $2.80 range when in fact the best they could get from the shares was the $2.50 share offering BMO did, and Atroad offered $2.60 take it or leave it! Check out the ASE web site for some interesting reading on the fine impossed on Herring, it has all the details of the trades etc. Carlson now sees that whow! there are no unit being moved( a whooping 465 for the entire 2004 year )we better get some people on the road to see if we can increase our revenues. In the mean time while all of this cheating, stealing, and corporate lying was going on, us the share holders were seeing the company our funds were invested in lose some $150 million of market cap and our shares drop by over $1.50, Herring costs Wrx $2 million paid back to BMO, gets a large pay out when he is released and the company did not grow at all. Great work guy,s Hopefully Carlson is an honest person and cleans house and I mean Magus and his cronies off the board, and starts to run this company for which he has been hired to do and is being paid very well to perform. Let,s truly hope he can turn this around, but do not expect any large turn around at least for 12-16 months! Just my thoughts Enjoy