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my2Mustangs

01/05/15 8:47 PM

#23849 RE: Jack30 #23837

Please read what you're replying to again because the smoke you provided has nothing to do with what I stated.

No, WGN is NOT listed in the US. World Assurance Group(WDAS) is the "listed company in the US."

WGN is a privately owned by Fabio "company" and is a "direct selling" company. Fabio's words.

Throw some wet leaves on the fire, Fabio says we need more smoke.



To that I get

Fabio is the majority owner (99%) of WDAS and when WDAS owns a company, Fabio also owns (99%) of that company. How hard it is to understand the fact?



What? Really? Throw some more wet leaves on the fire, WDAS needs more smoke.

How does your reply have anything to do with what I stated?

WGN is a private Fabio company and any investor that knows how to read knows that what I stated is FACT and has nothing to do with Fabio owning 99% of WDAS(not true)The 3rd quarter disclosure clearly states that World Payment Solutions, another private Fabio company, has 90% of WDAS and that WDAS is the majority shareholder of WMRT.

We are a majority owned subsidiary of WDAS. WDAS has no direct operations and no significant assets other than ownership of the stock of its subsidiary companies.
(Only 1 "subsidiary" has stock, WMRT and because WDAS has "no significant assets" other than the claimed licensing fees through WGG that Fabio approved selling to 1 of his other private companies but shares of WMRT are the only "asset" now.)
Because WDAS conducts its operations through its direct and indirect subsidiaries, such as HNVB, WDAS depends on those entities for payments to generate the funds necessary to meet its financial obligations. The earnings from HNVB, or other available assets of HNVB, may not be sufficient to pay its financial obligations as well as the financial obligations of WDAS.



Watch out below, Fabio is trying totell shareholders something about the WDAS revenue in the 4th quarter.

I have always stated that Fabio controls the vote for WDAS and WMRT and the "DD" says "how hard is it to understand the fact?"
How do you think Fabio approved the RS, support of shareholders?

How hard is it to provide "DD" that follows the thread? Apparently it's pretty hard.

Fabio needs more wet leaves.