I have been silently following this thread for a while and stuck to my shares hoping for some turnaround. Today I found this to be an interesting read...so I wanted to share. Not sure how to take this old news that was brought to light today. The World Energy Holdings & Research Scam “Oh what a tangled web we weave when we practice to deceive.” Sir Walter Scott July 16, 2012 On July 16, 2010 World Energy Holdings (WEH) put out a press release claiming the Motagua Oil Refinery as being the first attachment of assets to their company as it was set to go public on the Frankfurt Exchange. Concurrently Sam Barouki was busily putting out a press release to the WER investors claiming the Motagua Oil Refinery as an acquisition. (Alvero Morales & Jorge Vizcarra later denied having claimed it as an acquisition. It had merely been a ploy to seduce further investment in the company). A press release put out by World Energy Holdings (WEH) of which WER is a subsidiary Guatemala, July 16, 2010 – Earlier this month, World Energy Holdings announced its plans of becoming a publicly traded company on the Frankfurt Exchange (Deutsche Borse). The company has started the process of consolidating all assets to make this transition. ??NOTE: WEH has engaged a team of expert advisors to prepare the comprehensive prospectus required to enable WEH shares to be offered to the public (Prospectus). No shares will be offered to the public until the Prospectus has been issued. The detailed information contained in the Prospectus will supersede any statements contained in this press release. ??While World Energy Holdings has several subsidiaries, one of the most notable is focus research group (WER). WER has significant assets in place throughout the world, mostly in the energy sector. The first attachment of assets to WEH will be the Motagua Oil Refinery, with a debt free equity of over $100 million USD.??The Motagua Oil Refinery’s engineering partner, Ventech Engineers (http://www.ventech-eng.com/), has been working tirelessly, delivering superior experience and skill in drafting a comprehensive analysis report. This report details the beneficial possibilities of this project, and that it can be operational in as little as 18 months. When modifications are complete, the refinery will be capable of refining up to 200,000 barrels of oil per day. WEH assures that Motagua’s refinery will be one of the world’s cleanest, let alone the largest in Central America. The assignment of assets will continue as WEH goes public. As WEH moves forward, the company is adding multiple manufacturing facilities, land rights, technologies, and projects worldwide, making WER/WEH one of the most prominent names in the energy sector. Now this is where it gets interesting for victims of the WER scam. On July 16, 2010 AER (AGR Energy Holdings) put out virtually the same press release on the same day also claiming the Motagua Oil Refinery as being the first attachment of assets to their company as it was set to go public on the Frankfurt Exchange. Below the press release but this time from “AGR Energy Research” also claiming the Motagua Oil Refinery as an acquisition. This press release describes AGR’s plans to become a publically traded company on the Frankfurt Stock Exchange just as was put forward by World Energy Holdings (WEH) in the previous press release. They botched it in the last paragraph when they curiously referred to WEH (World Energy Holdings) before once again returning to speak of AER/AEH. AGR Energy Research Assigning Assets To AGR Energy Holdings 16-Jul-2010 Guatemala, July 16, 2010 – Earlier this month, AGR Energy Holdings announced its plans of becoming a publicly traded company on the Frankfurt Exchange (Deutsche Borse). The company has started the process of consolidating all assets to make this transition. While AGR Energy Holdings has several subsidiaries, one of the most notable is AGR Energy Research (AER). AER has significant assets in place throughout the world, mostly in the energy sector. The first attachment of assets to AEH will be the Motagua Oil Refinery, with a debt free equity of over $100 million USD. The Motagua Oil Refinery’s engineering partner, Ventech Engineers (http://www.ventech-eng.com/), has been working tirelessly, delivering superior experience and skill in drafting a comprehensive analysis report. This report details the beneficial possibilities of this project, and that it can be operational in as little as 18 months. When modifications are complete, the refinery will be capable of refining up to 200,000 barrels of oil per day. AEH assures that Motagua’s refinery will be one of the world’s cleanest, let alone the largest in Central America. The assignment of assets will continue as WEH goes public. As WEH moves forward, the company is adding multiple manufacturing facilities, land rights, technologies, and projects worldwide, making AER/AEH one of the most prominent names in the energy sector. Back in 2010 Chad Eugene Willis aka Gabriel Conde in all too familiar fashion became a director of Qeteras PLC for a few short months – so too his partner Blanca Elizabeth Salvatierra Ruiz.