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[CashFXGroupPowerTeam]

Must read about Jehu Hand from SHTP

Not pumping not bashing just sharing info I just got from a friend doing dd

http://www.pennystock-fraud.info/


Not what I want to hear :(


At this time, I’m not aware of any WLSF junk faxes this year and Rosanne Baack with Wellstone Public Relations was surprised that I called about junk faxes in March since they hadn’t received any complaints since last year.

I agreed to dismiss Wellstone Filters because I do not have the legal skills and resources to successfully litigate that as the beneficiary of the illegal promotions and because they apparently failed to try to stop the illegal junk fax promotions, Wellstone Filters and its officers are liable for the faxes.

Wellstone Filters CEO Learned Hand denied in his declaration that he or anyone related to Wellstone ordered the faxes.

Notably, CEO Hand does not deny knowing about the illegal promotions, but he continues to refuse to respond to my questions about his internal investigation and he refuses to provide any information about the (suspected) faxers. Wouldn’t he know who has been selling?

What are the officers’ obligations when they become aware of illegal spam and junk fax promotions?

I’m hoping that the SEC will whether it is perfectly ok to ignore complaints by spam and junk fax recipients..

• I could not find any mention of the illegal promotions in the SEC filings and the 3/31/05 Quarterly Report Wellstone failed to disclose my suit.

I filed my suit in 10/04, Wellstone was served in early April and filed the report in May. If Wellstone and/or officer liability for the faxes can be established, it is quite likely that a class action for the junk faxes would result in a judgment for millions of dollars in statutory damages due to the extensive promotions for over one year, from at least 10/03 to 11/04.

At http://fight-back.us/forum/index.php?showforum=71 is some of my research, but since I’m not an investor, I have trouble putting the pieces together.

I still don’t know whether Anthony Cerami, Wellstone President Carla Cerami Hand’s father, actually sold shares as planned according to http://finance.yahoo.com/q/it?s=WLSF.OB.

• Wellstone received a loan from the Arrakis Fund, heavily promoted through Wellstone press releases.

The SEC filings disclose that Arrakis is controlled by CEO Hand’s brother Jehu Hand.

Wellstone announced the loan through press releases without the related party disclosure. Obviously, investors are more likely to buy WLSF shares when an unrelated party underwrote and funded the loan.

Is it ok to omit related party disclosures in the press releases?

• In 2004, Wellstone apparently received over $20 million from the sale of stock and spent over $20 million on “general and administrative�? expenses.

Apparently Jehu Hand received 10 million shares for Farallon shell in 2001, subsequently benefited from the Arrakis deal and then received another 4 mill shares in 6/04.

I have trouble interpreting all those SEC filings and I sure don’t understand how a company in development stage with no revenue whatsoever can give away millions and millions of dollars in shares to related parties and advisors, while spending very little on R & D – and end up broke despite the enormous trading volume in 2004.

Is Wellstone’s purpose to enrich relatives of the officers such as Jehu Hand and Anthony Cerami as well as “advisors�? such as John Smart and William Wilkinson?