posted on Jul, 23 2008 @ 02:32 AM
...We suspect their motive was pure greed. Counsel indicates we have a considerable claim which will be made in due course.
These acts by Weeks/Perkins have damaged our cash flow dramatically. In spite of them, WebNet has taken steps to solve the cash flow problem. It is
only temporary. We have brought on a new CFO who is going to administrate our re-organizational program. He has been very helpful in our financial
evaluation, auditor engagement, and restructuring as we anticipate the opportunity to approach the public markets.
WebNet has hired an excellent law firm who are advising us how to re-structure the Company to reduce liability and permit us to meet the BCSC
requirements and remedies. Additionally, we have found another 3D company that can give us everything 3dh claimed they were capable of and more. We
are in negotiations with them and given that we can finalize an agreement, we will be developing marketing, content and hardware programs with them.
If 3dh wants to continue our contract, we will work with them, but everything’s on the table.
The Board of Directors of WebNet needs your immediate help so we can turn around our cash flow over the next 90 days. WebNet has established the
“WebNet Funding Trust” which is domiciled in Nevada with Mr. Bill Hustwit Esq. as the Trustee. The purpose of the Trust is to administrate the
WebNet reorganization program and further to administrate the revenues from sales created by WebNet to repay all of our Investors and Licensees. That
is our principal goal.
Webnet Needs to borrow some money.. We are asking you to loan us whatever you feel comfortable with for a 12 month period. The “WebNet
Funding Trust” will send you a Promissory Note in the amount you loan and pay you 15% on a one year note. You could loan us $500, $1,000 or more to
help us get beyond this cash crunch. We could go to outside lenders, but the rates would be usurious and it will take too long. Time is of the
essence. We must have this well underway by Friday, July 25. You can help us save the Company and investments. A little help from each of you will
assist us in keeping the Company moving the next 90 days and by then we expect adequate revenues will kick in, fund us and start the recovery
WebNet has developed a Global Store program that is beginning to produce revenues. Additionally we have developed another marketing program that we
are confident will produce revenues in the next 60 days. The two programs will allow us to pay back all of our obligations. The first priority we will
address will be the short term notes, secondly: royalty catch up and thirdly: Investor payback. Once we have paid everyone back you remain in the
program as initially planned. Co-Lo Licensees will now receive 5% of Gross on all WebNet business, not just their Territory License purchased.
We know there are some who cannot help us because you are yourself in financial problems. Thanks you for your support anyway. Others of you can make a
difference and we need your help now. Please act now by:
1. Directly depositing in Canada to:
WebNet Converged Wireless Network Ltd
Bank of Nova Scotia
Account # 14245-13
Transit # 03020-022
Swift Code # Nosccatt
2. Directly depositing in the US to:
WebNet Global USA, Inc.
Bank of America
81 West Mesquite Blvd.
Mesquite, NV 89027
Checking Account # 004971285853
ABA Routing # 122400724 (FOR DEPOSITS ONLY)
Wire Routing #026009593 (FOR WIRES ONLY)
Or by Mail or Courier to:
WebNet Converged Wireless Network
Suite 103, 2760 Trethewey St.,
Abbotsford, British Columbia,
Canada V2T 3R1
All of this money will be placed in the WebNet Funding Trust account. Please fax a copy of any deposits or bank wire information to 604.557.9558.
WebNet Funding Trust will immediately send you a Promissory Note. Promissory Note, from this liar???
[edit on 23-7-2008 by scam_hunter]