For those of you who missed Mr. Peay's post that got nuked on the MM forum, he responded to "Schmalz" (Mr. Peay's terminology) about all he had done for the wildlife and those less fortunate, the benefits of success in a capitalist society, and really did nothing to disuade concerns that the WTO and SFW relationship is a legitimate question for the public to ask.
He stated that WTO only does business in Canada, Asia, and I think he said Mexico. He said SFW and WTO will never be doing business in the same place.
I was starting to reply that I will take him for his word, but I quote the following from his SB-2 filing with the SEC. CPA's are usually the ones who complete these filings in conjunction with securities attorneys, so I am forced to look at these kind of filings more often than most, including Mr. Peay. Nothing is overlooked in these filings, without making sure everything is accurate and complete, and the client reveiws prior to filing. I am confident that what is in that SB-2 filing is what was correct and intended at the time.
These quotes in the SB-2 are either incorrect, or I am interpreting them wrong, or Mr. Peay's comment as he posted today, is incorrect.
Here are the quotes:
From Form SB-2
“Our business model centers our past experiences of Mr. Peay's hunting with several outfitters in Alaska, British Columbia, the Yukon, Northwest Territories, and the western United States. Mr. Peay is also a well know figure internationally in the hunting and conservation industry from his efforts with several wildlife conservation organizations.
We intend to accomplish our business objectives primarily through the establishment of strategic alliances with guides and outfitters and our past experiences arranging for hunts. In particular, we will initially target hunters desiring to hunt Dall Sheep, Stone Sheep, Elk, Mule Deer, and Grizzly Bears.”
“We must keep pace with changing conditions in wildlife populations and guiding and hunting regulations throughout the US, Canada, Mexico and Africa in order to provide our customers the best possible packages.”
“Additionally, we believe that some outfitters will be willing to provide hunts at a discount to WTO because of Mr. Peay's high profile position in the hunting industry.”
I read a lot of these documents. From the SB-2 filing for WTO, I was left with the impression that WTO would be operating in Alaska and the western US, places where SFW does operate. Not as Mr. Peay replied. He states they will never operate in the same states.
I was also left with the impression that WTO would benefit from Mr. Peay's connections in the hunting industry, which the filing goes on to later include SFW, SFH, and UTFNAWS. These are the high-profile positions referred to in the SB-2 filing.
For him to call Schmalts an "idiot" and imply that a lawsuit might be in order, seems to be a "I am make the rules and don't challenge them" response. The information Schmalts posted was links to public information. I find Mr. Peay's response very disappointing and seems to do nothing to dispell the legitimate concerns raised.
I guess the fact that I was left with the impression the Mr. Peay's company, WTO, would be operating in AK and the Western US, and that the company would benefit from his connections as a high profile figure in the hunting industry, make me an "idiot," also. Which, given my behavior and circle of friends, I probably am.
Schmalts, you did good. You brought to light some stuff that needs to be discussed. What are the internal workings of SFW/SFH? Where's the money? Any organization relying on tax-deductible donations and revenue from the sale of public wildlife opportunities, can benefit from more open discussion and full disclosure.
Mr. Peay is not the only guy who has ever helped those less fortunate. The fact that he did/does is good. Many others do the same. Doing so, does not remove one from the glass bubble of public questioning, especially when the questioning involves millions of dollars raised from public assets, and for which complaints of lack of public disclosure and accountability, are commonly heard.
Maybe all is on the "up and up" with SFW, SFH, WTO, and its activities in AK and other western states. If so, more disclosure is better than less disclosure.
Anyhow, that was the sum of my post on MM, until it got nuked. Sleep well Schmalts. You knew that at MM, you were entering the home turf of those to whom you were asking for explanations. I think many are now wondering themselves.
Happy Hunting!