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Thursday, April 10, 2014 7:47:35 PM
Fabio Galdi purchased his 80% stake to become the majority owner of World Assurance Group from Sean McVeigh - previous CEO of World Assurance Group and current CEO of CellAd (a now World Assurance Group subsidiary). Sidenote: Sean McVeigh is also World Assurance Group's investor relations manager.
This March 12th filing will confirm the aformentioned:
http://www.otcmarkets.com/financialReportViewer?symbol=WDAS&id=117182
Now, ask yourself, "Why would Fabio elect to keep Sean on board, but exclude Vincent from World Assurance Group's future business ventures?" Your guess is as good as mine.
But judging from the Caveat Emptor warning AXLX recently had, one may presume that Vincent Browne isn't a very scrupulous character.
I'd tread lightly here. Good luck.
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