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Re: bobjames25 post# 1514

Monday, 02/13/2017 6:54:58 PM

Monday, February 13, 2017 6:54:58 PM

Post# of 1616
I think this is your answers, Tom Barr acquired Wocu for nominal consideration. "As at September 30, 2016, there were no commercial agreements in place, and no revenues had been generated by WL. Given the Company's limited resources, it is unlikely that the Company can support WL operations going forward, as a contractor to WL vital to its technical operation has indicated it is not willing to continue to provide its services at the current much reduced rate of payment and accordingly further investment will be required to support WL. The Company's default option is to shut down WL. The Company is considering any option that might preserve any value in WL and is considering an offer from the contractor and our CEO, Mr Thomas Barr, to purchase the Company's shares in WL in exchange for nominal consideration and a future payment contingent on the future success of WL, if any."

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