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Thursday, May 31, 2018 3:36:02 PM
2. Brad and WRFX form partnership with Paranotek.
3. Patent filed for PARANO PROTOCOL.
4. Mick Davis, with 30 yrs Cybersecurity experience, becomes CEO of Paranotek.
That is a rather odd chronology. After all, we know now that Lauri Tunnela was WRFX's Director of Web Development as early as 2012:
https://backend.otcmarkets.com/otcapi/company/financial-report/98932/content
There is no company called Paranotek incorporated in Finland. There is only one Paranotek in the whole world, and it was formed in Wyoming on 24 January 2017 by Riley Park, a registered agent:
https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=042013195148008031126232148096164186066065094043
Obviously Park had been authorized by someone to create the company, but he doesn't say who. On 30 January 2018, Brad Listermann signs the LLC's first annual report:
![](http://investorshub.advfn.com/uimage/uploads/2018/5/31/zmdngWRFX_Paranotek_Jan_2018.png)
There's no reason to suppose Paranotek was formed by Lauri and Johannes. There's every reason to think Listermann ordered the registration of the company in January 2017, and in the following year signed the annual report.
And in fact that's the case. WRFX's recent annual report explains the situation clearly:
The results of ongoing and lengthy negotiations and contract changes with our Finland partners has resulted in the following disclosure: The group consisting of WorldFlix, Lauri Tunnela and Johannes Maliranta (Finnish Partners) formed an agreement to be part of the new subsidiary Paranotek, LLC (Wyoming). The goal of Paranotek was to continue to make proprietary apps and software that specialize in security and privacy with emphasis on prevention of hacking and security breaches. Additionally, Paranotek will continue to develop and launch SWANTRY (launcher app) and are developing additional technologies for future apps. WorldFlix is providing the main financing of the development and launching while the Finnish Partners provide technology and graphical design. The Finnish Partners have agreed to bring all new technologies and ideas to WorldFlix for possible development. The Finnish partners may also be compensated in shares of stock in WorldFlix to be determined at a later date.
SOME APPS/SOFTWARE FROM SUBSIDIARY, PARANOTEK, SUCH AS SWANTRY AND SWANLOCK, ARE A PARTNERSHIP WITH OUR FINNISH PARTNERS WHERE-IN THE PROFITS AND INTELLECTUAL PROPERTY ARE SPLIT 50/50, WHILE THE MANAGEMENT CONTROL STAYS WITH WORLDFLIX.
https://backend.otcmarkets.com/otcapi/company/financial-report/187597/content
And this makes it even clearer:
https://backend.otcmarkets.com/otcapi/company/financial-report/176267/content
The partnership had been in the works since sometime in 2016:
The results of ongoing and lengthy negations and contract changes with our Finland partners has resulted in the following disclosure: The group consisting of WorldFlix, Lauri Tunnela and Johannes Maliranta (Finnish Partners) formed an agreement to be part of the coming LLC (to be Named at a later date and to be managed by WorldFlix). The goal of the group was to continue to make proprietary apps and software that specialize in security and privacy with emphasis on prevention of hacking and security breaches. Additionally, the group will continue to develop and launch SWANTRY (launcher app) and Drobbits (Cloud Based, Game platform) and are developing additional technologies for future apps. WorldFlix is providing the main financing of the development and launching while the Finnish Partners provide technology and graphical design. The Finish Partners have agreed to bring all new technologies and ideas to WorldFlix for possible development. The Finnish partners may also be compensated in shares of stock in WorldFlix to be determined at a later date.
SOME APPS/SOFTWARE, SUCH AS SWANTRY AND DROBBITS, ARE A PARTNERSHIP WITH OUR FINNISH PARTNERS WHERE-IN THE PROFITS AND INTELLECTUAL PROPERTY ARE SPLIT 50/50, WHILE THE MANAGEMENT CONTROL STAYS WITH WORLDFLIX under WorldFlix’s 51% controlling ownership interest.
https://backend.otcmarkets.com/otcapi/company/financial-report/171684/content
So all this has actually been under development for several years.
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