Wholehealth Products Inc (GWPC)

[DragonBear]

This turned out to be a giant scam! So disapointed.

Why should this one have been difficult to sniff out?

Start with the PRs claiming this or that phase 2, or other FDA filing. Any IDE submission in the FDA database from GWPC? Nope.

Proceed with looking for any present or past "Rapid Result" FDA submissions. None there.

What is the acquired company "Rapid Results". They did tell you in the PR:

"Rapid Results," a medical diagnostic distribution company of rapid diagnostic tests

No need for a "distributor" of products from other companies to ever interact with the FDA with filings.

Did GWPC ever claim to have a R&D budget? They claimed specifically to not have one. Then again, why would a distributor of vitamins, and assorted snake oil need a R&D budget?

The net result was a Vitamin distributor with limited revenue, bleeding balance sheet, buying a unknown distributor of diagnostic kits with unknown revenue. Then pretending to be making submissions to the FDA for the kits approval.

And where was the 8K from GWPC for the monumental RR acquisition? Management apparently thought SHs didn't need to know the details of an acquisition. However, they did consider it important to file a 8K so as to tell the SEC they moved their corporate "headquarters" from Las Vegas to Anahiem. Almost comical were their filing priorities.

This was an easy scam to figure out.