PAO Group Inc (PAOG)

[rca]

I talked to the guys running wenetship/Terrax up in Vancouver. They have a business plan but had no capital. They were working on their own to go public. They met Paul Taylor about three weeks before CCDE announced the "acquisition." PT promised them they would be public and that they would receive the capital they needed to begin operations. Based on PT's representations and promises, they basically gifted him a majority of the company. PT did not tell them about his pump and dump plans, and they were just learning about his schemes with Netco. They stated they were extremely, extremely concerned. It's too bad because they've obviously been trying to start a business for years, but now they will go down as a pawn in PT's pump and dump scheme he has planned with CCDE. I suspect that, since PT now has a majority of the company, he will eventually use his voting power to rescind any promise of cash and nothing will materialize. Another possibility is that Terrax will be spun off into another trading entity and PT will have another shell to exploit -- especially if they plan a spin off to automatically make it public, then start "reporting" to get it onto a bigger board. Remember, PT was GIVEN majority control of this company and never invested a penny.