Friday, December 16, 2011 3:42:11 PM
The basic scam coming from out Quebec fraudsters works in the following manner, and WDRP is no exception:
1. Take a shell which you control and buy back as many shares as possible while it has nothing in it and convert loans into more free trading shares such that the majority of all free trading shares are in the hands of the promoters (Cortelazzi/Ollu/Amyot);
2. Find an inventor with a failed technology (MRES) or an inventor with a hopeful technology but the inventor is broke and the technology is going nowhere (WDRP);
3. Restructure the deal somewhat to accommodate the inventor but give him restricted shares;
4. Find some dupe to act as CEO. For MRES this was Poulin. For WDRP this is Martel. Its even better if the CEO is broke and needs money from the scam to survive. In this way the CEO is totally controlled by the scammer promoters.
5. Issue out some Fluffy PR's about how great the technology is;
6. Find some individuals in far off places that seem to be legitimate to make claims of contracts and projections. For MRES this was Israel and Spain, for WDRP it appears to be Gavin Ovens in Australia;
7. Put out more fluffy PR's about how the technology is coming along;
8. Sell some shares to naive investors;
9. Issue some more Fluffy PR's with sales projections. For MRES this was Russia, for WDRP its little UMI in Fort Wayne, Indiana;
10. Sell some more free trading shares to new investors buying into the fluffy news about the claimed technology.
11. When the deal ultimately fails, rinse and repeat.
jmo
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