Good morning everyone. I just thought that I would hare a few comments reflecting the events of the past week. I have reviewed the documents from the AMF and honestly found them to be somewhat vague. Now this is going to be my opinion, of which we are all entitled to. First I printed the document to make it easier to follow. On page 14 I read where the AMF states that Robert Simoneau is the Vice President of Technology. Mistake number one in that Robert Simoneau has never held any corporate position with Wanderport. Then I read that Andrew Barakett has been involved in handling securities IA Wanderport and has also Compromising the title of Wanderport through IA company Canada Inc, which he is chairman and largest shareholder of. Maybe I missed something but the rest of the document from front to rear gives no specific’s about details of wrong doing in relation to Andrew. He is however mentioned several times withing a group of companies as well as people. These are just facts I am pointing out as I am also trying to figure out what exactly has transpired. On pages 1 through three I read and to be honest started laughing.Why didn’t the AMF just indicate the entire Country of Canada was involved in this situation. They named Bank of Canada ( HSBC ), Canadian Imperial Bank of Commerce, (CIBC ), National Bank Financial, the 6th largest bank in Canada, and then RBC Direct Investment Inc, a subsidiary of Royal Bank of Canada, just to name a few. I would have thought that these companies as well as others would have issued something in regard to this but I can’t find anything yet. Now I am not stating that there is nothing to it, because I believe there is. In fact the documents support the fact that market manipulation did in fact take place. The extent of Andrew Barakett’s involvement IMHO, has yet to be established. I am sure that the AMF has not completed their investigation and of course there will be hearings surrounding this issue which is when we will find out the true facts. My problem at present is that if Andrew owned any shares of Wanderport, he should have disclosed this information regardless if he was or was not required to do so because of his position with the company. Andrew has not been nor is he an officer or director of the company. However his position as Investor Relation’s, representing the company provided an opportunity to have fore hand knowledge. This in itself should have been reason enough for Andrew to disclose his ownership if any, of Wanderport shares. That being said, I believe Andrew should remove himself, or the company should, from the position of Investor Relations. The mere implication of impropriety can cause the companies reputation to be tarnished thus affecting the companies ability to secure future and or on going contracts with distributors. I do not believe it would cause a potential company not to consider buying Wanderport for the licensing agreements and our product. I have spoken to several other investors that do post. Some agree and some do not, with what I have said. The one thing we do all do agree with is that it would be better for Andrew to step down.
As far as I am concerned in regard to Mr. Martel, he was hired by Barry Somervail, not Andrew . His decision not to accept Andrews resignation, though some may not agree with, must be based on facts that we are not aware of. The AMF freezing Wanderport shares from individuals being able to sell is welcomed as we have nothing to worry about in regard to those shares until the AMF completes its investigation and the court hearings are concluded. How long will that take, I have no clue. I have checked with some of the above mentioned firms and Wanderport stock is and has continued trading in Canada. I’ll be back to discuss my recent trip to Montreal last week when I again met Robert Simoneau.
