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Re: iluvsitong post# 49110

Friday, 01/18/2013 1:47:59 PM

Friday, January 18, 2013 1:47:59 PM

Post# of 94179
I plump for number 1:

"1) the whole thing is a scam - but if so, what's the objective?"


The original objective was to do exactly what WDRP's Amyot did with sister scam SPPH, pump the dickens out of the stock while dumping hand-over-fist, and probably announcing a bogus buy-out to pimp the pps even higher.

You can see just how much money the Amyot crew made out of SPPH here:

http://www.sec.gov/litigation/litreleases/2012/lr22574.htm

" Spencer, a purported pharmaceutical company with addresses in Boston, Massachusetts, and Canada, disseminated false and misleading press releases......

....During the time the buyout offer was being promoted, Amyot sold approximately 36 million Spencer shares for gross proceeds of approximately $5.8 million."


That was the original game plan with WDRP.

Two things stopped it from happening - the first was the Cease-Trade-Order issued by the Québec regulator AMF and the associated investigation which continues to this day, and the second was the SEC focus on Amyot, Midland Baring,and to quote SEC "IAB Media Inc. and Hilbroy Advisory Inc., two other companies controlled by Amyot"- and both involved in promoting WDRP back in the day - as part of the SPPH investigation.

With that kind of scrutiny WDRP had no option but to soldier on pretending they really had something, and hoping they could resume the dump plan when the heat was off but keeping a low profile in the meantime. Hence all the false starts and misleading PRs.

Thankfully the heat has never been turned off, and probably never will be.

"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

Upton Sinclair

"Nobody ever went broke underestimating the intelligence of the American public."

H. L. Mencken