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Yes, and it's been repeated at the bottom of PRs innumerable times ever since. Now how do you win an award with a product which does not exist? In the same way you get sales orders for hundreds of millions of dollars for a product that does not exist? Has anyone researched the validity of that long-ago award? Did it ever exist outside Andrew's imagination?
Incontestable reasoning! Equally baseless and egregious by all accepted norms are the propositions that RKT has constructed a giant trap for little mouse JBII, don't you think? Why on earth would they bother - Oi ars't yer!
Thanks again, Commando. I'm expecting to be told the vehicles you saw are old wrecks or cardboard dummies parked purely to deceive. Perhaps you need to be there when the gates open and video the arrival scene in order to carry conviction. Workers on site? Why would anyone take your word for that, hunh?
How long ago, please?
Fervently hope you have nailed it. But why is it necessary to maintain such secrecy about what is actually going on at the Company? Recent small green eod's amid market disaster seem to offer encouragement that the answer may not be long delayed.
Thanks again. So, too early to see any results of the day's activity, production for example. But you have confirmed security is strict, guard is off-duty cop (as claimed before), and there are plenty of tankers and employee vehicles on site. Doesn't that seem like elaborate window-dressing if the whole operation is a total scam? Well done!
Thanks for info. How early were you there?
Good hunting, Commando! Eagerly waiting for your report.
Who is Christine at JBII and contact info, please? Did she say what is happening to product?
Brian - Have you had any contact with wdrp's attorney (Wilke?) explaining shareholder concerns and asking what rights they may have, as well as relevant procedures, in regard to replacement of officers? Is management in compliance with legal requirements to hold annual meetings etc? Does the capital structure allow the independent shareholders any possibility of affecting issues, or is overwhelmingly controlled by insider interests. Seems to me he (Wilke - not sure of his name) has a professional obligation to inform us fully and objectively in these matters. Just a thought. You seem to have taken on the unenviable tasks of leadership in which I wish you best luck!
Now you're talkin', Brian. Put the garbage out and start over! Who is savvy enough to organize the shareholder revolution?
If you think that's best. Be glad to follow your lead.
I'll go further and act as secretary for a 'Pancake' list supporting Paula when the time comes. No need to lie down passively in the face of contemptible, ill-founded litigation.
Please add my name to your messages, Paula. I hope you can recruit a bundle of supporters - like say 500 from this board?
O.K. So as nobody got anywhere near with their predictions in the last competition - can we run another one for before and after the quarterly? After all it's lost of fun!
Brian - This is positively the only hope. Robert needs to take charge and start over - with the help of honest shareholders if he needs and can organize them. Clean the stables with a fire hose!
Marvelous! Congrats to all at JBII - and to my two heroines of this board. (No names, no packdrills).
Just out of curiosity, how is it possible to generate countless thousands of tons of WASTE plastic? What fraction is that of what they use? And how come that's economic? Are these numbers really correct? To an ignoramus, can anyone throw light on an activity which appears to pass understanding?
How can it be done? Who has the know-how and willingness to collate convincing information and address it to OIG in a form which would receive serious attention by the authority? It won't happen on its own, and most here, like me, lack the necessary skills and ability.
You are obviously correct - very perceptive. I hazard that the letter was written in conjunction with a personal lawyer employed by Robert to protect him from any suggestion of complicity in malpractice. Nothing wrong with that and information of this caliber and detail is welcome at this time. Hitherto Robert has been notoriously mute. I strongly doubt the hand is that WDRP attorney's - unavoidable conflict of interest - and it's certainly not Andrew's who is incapable of putting two words together let alone two paragraphs without elementary and hideous errors of grammar and english construction.
Right - I left that one out. And how about production finance? This has always been waved aside as if it were no consideratioon or concern ...
Agreed. This is the best communication we have seen regarding wdrp for a very long time -in fact possibly ever. Note, however, tht Robert disassociates himself very clearly from WDRP management: he is surprised and shocked by the situation which has developed. The facts are that Robert and his heater are separate from the company, and the company is shot. IMO it is impossible to have any trust whatever in wdrp management after what has been revealed. As I said last night, the sandcastle has washed away. Many doubts remain despite Robert's technical assurances: patents, sales projections, production plans, UMI capability, China, Owens - the list goes on and on - all wholly lacking reality or substance. Buying the Brooklyn Bridge comes to mind for the validity of what we have been told since the beginning. So the only way forward is total reorganization. I do not have the expertise to suggest how this can happen, or how shareholders can effect it. Perhaps Robert and Belize who seem to be on good terms and who both have huge interests in success (caveat, if they themselves can be relied on) can get together to clean up and restructure the company ... I hope more knowledgeable voices can tell us how it can be done - urgently.
The tide has come in and washed the sandcastle away. How were so many blind enough to trust the purported DD when it was entirely invalid? The only hope now - IF the heater actually EXISTS and IF WDRP has any rights at all - is for Robert to restructure the Company again from scratch or sell what proprietary value, if any, it may have to a competent party.
Beyond the financial loss I really hate having let myself be gulled by these morons for more than two years, trying to believe what they said. Je suis imbecile!
That's exactly the puzzle. How can such reliable people and organizations be involved if there is no foundation for trust?
Paula - Great idea to make proactive multiple response. Know you are very busy with work you do on the board already, but would you be willing to orchestrate efforts? Even listing addresses for OIG,SEC and lawyers would be helpful for busy members, if possible with indication of important points to cover in idividual messages to these parties,or draft appropriate standard text. Sorry to propose such a burden but you have the knowledge to lead. With Much respect.
Thanks Wrinkles Sorry can't PM. It's worrying to find that the claim to hold patents apparently cannot be confirmed. As you may remember I have expressed dissatisfaction with the unprofessional manner of WDRP PRs many times in the past two years, now it seems the matter is equally doubtful ...
O.K. but do we have to dry on the line until the quarterly? We do NOT want to see elcheepo right again - please, please, please not under $1!
So - Is this a silly Question? Suppose Robert wants to disassociate himself from a nasty mess .... Is there any technical or legal obstruction to prevent him "shrugging his shoulders at the whole affair" and taking off with his heater? What's the reality here? Who's "fooling himself" - as Billie asked in her beautiful song? Universe #1 or #2? I'd very much like to know.
Seems we have clear proof that there are parallel universes. In #1 WDRP is scam from top to bottom, in #2 Andrew is blameless and all's well aboard wdrp? Nothing else can explain the astounding discrpeancy.
A few questions. If Robert showed Belize a working heater he must know its performance. So why can't he release the numbers? Are they bad - if so why would Dave be delighted? If they are good - then why not tell us what it has been waiting so long to hear? It's the perfect way restore confidence in the faitful and interest new investors.
How can Robert not know the identity of a very large invetor? Don't tell me they have no register?
Who holds the patents, Tony? Wdrp or Robert?
Is there a time requirement for SEC descision?
So if theory is correct that next quarterly cannot show much by way of sales within the period, what positive news can we expect?
Beer - Have you had full sight of the licensing agreement/ contract between Robert S and WDRP? Another poster is concerned that current developments might persuade Robert to sever his relationship with WDRP and proceed instead with Owens. Is there anything in the agreement about malpractice for example which might permit him to do so?
Also - didn't someone post the English translation? Or did I dream that? It's all enough to give anyone bad dreams ...
Fair questions. It looks as if AB exerted much more influence in wdrp affairs than as a mere IR rep, coseying with his accouning and Hilbroy friends. Is it possible that Robert never liked the management set-up, and that this could explain the long delays and apparent lack of enthusiasm in moving the product forward? Some features of the relationship have always been hard to understand. The feature on which I have most confidence for the future is the reputation and reliability of Design 1st and their involvement in the product, even though we have heard nothing from them directly. It sure is time to clean out the Augean stables ...
Brian - I regret that I have neither the ability nor time to translate the full document, which unfortunately is available only in French from the Bureau concerned. The 'interdictions' are as previously posted in summary on the board. I have noted a few points.
Page 8 lists Andrew B as a person concerned, saying he was implicated in manipulation of Wdrp shares personally as well as by the activity of Canada Inc. of which he is proprietor.
The allegations are preliminary and will be the subject of a hearing of all prties. The case also concerns improprieties in the shares of EGM and Neurobiotech by the same indiciduals. So far as I can see it does not suggest AB's involvement in these.
The promotion of Wdrp by Hilbroy and other newsletters in May 2010 is cited as conspiratorial.
I have not noticed any mention of Barry S.
The 'interdictions' are followed by testimonies of 5 unnamed investors and some of the accused. Activity in wdrp shares appears to be prohibited to all Wdrp directors and staff.
The closure of the website is obviously not disconnected.
I hope this is objective and helpful, and not in anyway misleading. Personally I don't know what conclusions should be drawn before the case is proved, but I imagine the impact will be very negative unless management comes forward with something more convincing that the last announcement. Pity when we seemed to be close to product progress.
Spot on as usual, Beer! Legal or illegal it is wholly unacceptable that IR is compromised in this way. Where is transparency in that? And the sekletons continue to rattle their old bones in the closet.
Is there a date given for the supposed offenses? I suspect,as I have posted in the past, that this goes back to the original pumping in the fictitious announcement of global sales for a water heater which did not exist at the time(and still does not exist quite yet). I remember the Hilbroy newsletter (which was shut down later) featured WDRP strongly on the basis of anticipated worldwide 'sales'. Someone wanted out at an elvated price and spun what was a mere 'idea' into an actual product - fooling a bunch of new investors. I was one. I think the Company today is genuine but there has always been this skeleton in the closet. As to IR's history ... ! It has always been a farce.
No Comments on the sales news?
4 - great thanks for being so generous with your time and content - way exceeding your normal taciturn shorthand. The only point of concern I see is your stress on 'transparency' as one of three essentials. I truly hope JB has not gone seriously dark because I know silence act as a dangerous red flag. In the past 'month' posters have raised an astonishing number of largely irrelevant topics on which to speculate - because they have no real information to discuss - and in doing so stimulate suspicion and doubt. The perfect field for those who like to play shortie in the dark. I thought JB saw transparency as requisite and hope he will continue to be as forthcoming as your example!
4 - Can you please comment on the rationale for your buying "up to $5" policy? Do you see that as a top, or do you expect a dramatic rise at that point triggered by news which took it there or update? Forgive curiosity please - you have mentioned this many times.
TY -z.
When is quarterly due, please?