Replies to post #33016 on Wanderport Corp (WDRP)

[chevyman]

Wrinkles...yes, it was very short notice! It WAS for shareholders, it was done following the FD rules. I am sure many missed it, but it was not"material info", just a clearing of the air so to speak! Sorry! it was great!

[sunspotter]

"Very rinky dink how this was handled, period, should be illegal, not fair to ALL of the shareholder base."

What WDRP did is illegal.

Regulation FD requires them to issue exactly the same information contemporaneously to the general market at the same time as they disclose material information to a select group of insiders, in this case people who happened to be reading iHub, were free at very short notice, and who didn't mind giving personal details such as their name, addresses, phone numbers and emails -all like solid gold to the scamsters behind WDRP -to a group -WDRP- who have been shown by AMF to have links to organised crime:

"The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly."

"The regulation will apply only to communications to securities market professionals and to any holder of the issuer's securities under circumstances in which it is reasonably foreseeable that the security holder will trade on the basis of the information."

http://www.sec.gov/rules/final/33-7881.htm

From the posts here last night it is clear that the listeners to that CC considered that information material; several posters confirmed their intent to trade (or to hold) as a direct result of the information they received.

Given that was the express intention of the CC, and we can therefore assume it didn't happen by accident, we know from the above that WDRP should have released a PR at the exact same time as the CC took place.

They didn't and that puts them foul of Reg FD and the SEC.

None of this should surprise us given that WDRP is intimately associated with a cartel of well-known penny stock swindlers known for their criminal behavior, including Jean Françpois Amyot, Serge Ollu, Andrew Barakett, Dan Ryan and Andrea Cortellazi.

While SEC are extraordinarily slow to act against most penny stock scams, the AMF action together with the microscope they already have trained on Monsieur Amyot may prompt them to make an exception in the case of WDRP.

Let's hope so - it certainly won't do any harm to draw it to their attention.

[mass invest]

Good post. After that cc I'm gonna sell half my shares as soon as I can. I've been burned before in Canada with same sort of deal tsho pbec look them up. Very similar here. I am starting to believe this is all bs but time will tell I'm taking half off the table just in case. There was absolutely no reason to have a cc that fast without prior notice to all share holders. It's not like we dropped to sub penny today.

[tcorey1]

I can understand your frustration. I think the call happened so quickly because shareholders where demanding answers ASAP. One thing they did make clear is that their available to answer any questions you might have. Andrew, Richard and particularly Robert have been great about getting back to emails and phone calls. I think they are trying and successfully making a effort to have 100% transparency. Transparency that has been very needed within the last month or so.