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WNTR, Frank Kristan, Scott Harkness, Les Barber, & anyone else who assisted in facilitating this operation , if it is found to be mis- leading verbiage to induce investing, will be litigated to oblivion. From the USA, to Canada, to the UK.

http://www.hotstocked.com/article/89271/worldwide-diversified-holdings-inc-otcmkts-wntr.html



http://www.hotstocked.com/article/89271/worldwide-diversified-holdings-inc-otcmkts-wntr.html

The number of optimistic press releases that has come out of Worldwide Diversified Holdings Inc (OTCMKTS:WNTR, WNTR message board)'s headquarters (which, by the way, is located in a virtual office) is absolutely astonishing. The lack of any evidence that these press releases correspond to reality is even more shocking.

On November 14, 2013, for example, WNTR issued a press release and announced that the company is evaluating the investment opportunities in the employee leasing industry. The management team said that the new line of business “would provide in excess of $100 m in revenue and provide earnings of at least $5 m in 2014”. $100 million in revenues for the full year means that on average, WNTR needs to be registering around $25 million per quarter. Want to guess how much it logged during Q3 of 2014? $126 thousand. And that is an all-time record.


A few months after the aforementioned press release, Frank Kristan, WNTR's CEO, promised that his company will be listed on NASDAQ or AMEX before the end of 2014. 2014 ended two and a half months ago, but WNTR is still on the Pink tier of the OTC Markets.

Nevertheless, things seem to be moving in the right direction. A couple of months ago, WNTR announced the acquisition of Lemaro Investments Limited and by the looks of things, it has hit the jackpot with the deal. On December 29, WNTR published Lemaro's financial statement for the fiscal year ended November 30, 2014. It looks like this:

cash: $458 thousand
current assets: $546 thousand
current liabilities: $781 thousand
annual revenue: $13 million
annual net income: $333 thousand
Sure, the revenues are still far from the $100 million quoted at the end of 2013, but it is a start. What's more, half an hour after Friday's opening bell, WNTR announced that it will soon start a share buyback campaign. During the campaign, the O/S count is expected to shrink by about 1 billion shares.

The news was enough to push the stock up by 133% on a dollar volume of more than $270 thousand which goes to show that despite the broken promises from years gone by, investors are ready to trust Mr. Kristan and the rest of the people running WNTR. But are they about to be left disappointed again?

Time will tell. Nevertheless, a bit of due diligence won't hurt anybody.

Let's start with Lemaro – WNTR's newest subsidiary. There isn't a whole lot of information about it on the internet. In fact, the new daughter company doesn't even have a website. WNTR did inform us, however, that before the acquisition, Lemaro was owned by Venerable Capital Corporation – a company that uses not one, but two virtual offices. According to various websites around the internet, Venerable Capital Corporation, the former owner of Lemaro (and its $13 million in annual revenues), was incorporated on September 23, 2014.

That might raise some eyebrows, but most of you will probably stamp their fingers on Lemaro's financial statement and point out that it has been audited. That's true. The review was performed by an entity called Mayer & Associates, LLP (not to be mistaken with SD Mayer & Associates, LLP). Unlike Lemaro, the auditors do have a website. It was created on January 2, 2015 – three days after they published their opinion on the figures outlined in the statement. We weren't too surprised when we failed to find the name “Mayer & Associates LLP” in the filings of other publicly traded companies.

There's one more thing you should probably consider before reaching for your wallet. Along with Lemaro's financial statement, WNTR filed their own balance sheet as recorded on December 19, 2014. It said that a little less than two months ago, WNTR had notes payable in the amount of $51,253,345.

You are the one to decide what to make of this.

Watch the video to learn about the probability of Worldwide Diversified Holdings, Inc. (WNTR) Chart Signal as of Mar 03, 2015

WNTR, Frank Kristan, Scott Harkness, Les Barber, & anyone else who assisted in facilitating this operation , if it is found to be mis- leading verbiage to induce investing, will be litigated to oblivion. From the USA, to Canada, to the UK.

The 10 million dollar Real Estate Property lost in the past will only be the beginning.

:)

M

2. Guest February 26, 2015, 01:43PM
Quotes The notes payables was part of the Lemaro acquistion! it is a consolidated balance sheet


check Lemaro auditted fins and you will see notes payable 50,993,345

meaning WNTR only had 300K of its own notes payable... the exact amount they owe VCC for the Lemaro acquisition

also check the operating expenses for lemaro, $3,600,000 paid back to investors

Lemaro will have no problem paying off its notes payable