I would like to see the Webnet principle's passports confiscated until this
is resolved. My spouse and I have also been stung pretty good too. We looked upon this as a good way to generate some income for our
retirement and understood it would involve a period of no returns at first.
These guys told us they were actively persuing the video verified security
along with the broadband network. why in the world did they have all the staff ?? I wonder how many other houses and what kind of cars the
investors also own, in north america and offshore ?? (sarcasm). It is high time this kind of activity was punished for the fraud it is. Getting involved in the UK .US and Europe and 3DH was never put to us as prospective investors. (In my mind this was fraudulent that they did this without putting it to the territory shareholders). They were to persue the network and v.v. security in the lower mainland and then move into Alberta. Every time these guys strayed from their plan and got involved in something else they just hemmoraged (share holders) money. Wonder if they stached any? The underlying tone of the letter to shareholders requesting financial aid almost sounds like a threat (send or else)
I don't think this went out to all the shareholders as I spoke to one person who was not contacted . We, along with many other investors, borrowed the money to invest with WebNet. The only time they responded to my e-mails was when they were hustling more money. If these guys
have any intentions of saving face , they better get with it . This also has
credbility issues for Darren Weeks (Fast Track To Cash Flow) who regularly promoted this at his events. We walked into this fully realizing this was a risky investment, but if they had of stayed with their plan they had the potential to do quite well on the video verified security.
Honest intentions, incompetence or smoke and mirrors?????? We'll never know for sure.

The truth is stated in the 'doctors' own words to the investors. His monthly expenses were $800,000 a month of which $90,000 was the cost to subsidize the income shortfall from the wireless network of which I learned recently he fact he knew didn't work over two years ago. Yes didn't work in the areas he deployed or intended to deploy.

Who in their right mind would grow a monthly expense to this level with virtually no product (per say) on the street. Virtually NO RETAIL OR WHOLESALE income?

Think about this seriously?

The 3DH company he was dealing with dumped him over three month ago as he was to have paid them a % of investor income of which they claim they never received. That company was very similar in that they perpetually raise money too for their 3DH Company and have virtually no income either.

Now 'DR' claims he has another 3DH firm even better and the list goes on. Daren Weeks of 'Fast Tracks to Cash Flow" is 100% implicated although not directly but he was informed twice that I know of that WebNet had nothing working or any income other than bringing in new investors in through a perpetual array of new investment vehicles.

There are wrongful dismissal suits, the SEC in Canada and soon the US are investigating along with the Canadian labor Relations.

His landlord in Holland is suing him personally for lease income never paid (in the multi six figures) supported by the Dutch Government because he never incorporated there yet paid two executives $10,000 (combined) Euro's a month plus a very expensive Condo for over roughly an eight months period of time and their hands were tied as they weren't allow to do anything. Incidentally one of the two officer he supported there is also being sued and he was an officer of the company.

The Webnet shares sold to date was roughly 15 to 20 million dollars and another 15 to 20 million plus through Fast Tracks to Cash Flow Seminars. WebNet paid (as do the other vendors) $10.00 per person that showed up plus 2% of gross investor sales revenue. Just call them to be a vendor to verify.

What could you accomplish with 30 to 45 Million Dollars over three years?

That house (in his letter to investors) that was mortgaged was probably mortgaged to the hilt as it was an attachable. As an asset I can assure you that those funds are now long gone and this house is now not a beneficial asset to investors.

We really need a forensic audit quickly somehow. I don't' know what needs to be done to justify or warrant this task however if I were to make a wild guess there would be between $5 Million to $15 Million liquid somewhere in off shore accounts that could be attached which would help staff and shareholders to get something back.

Bottom line is the 'DR's' EGO is and has been way out of control and this is his and our biggest downfall other than the fact he has no heart or mercy for investors WebNet and divisions thereof must have just under or over 4000 investors in shares, Co-Licensed and other divisions ranging from $2500.00 to over $1,000.00 per investor individually.

Please be aware that there are disgruntal former employees of webnet that are now aming to stirr a big cloud of stink from this using hear say and assumptions. Greg Renuff is the head guy.

Much of what I am reading is not true. Even in bad stories, there is some truth.

Yes, the company did not grow as expected.
Yes, the company has had to let go of 100+ employees.
Yes, the company depended on investors income to expand.
Yes, the house...
Yes, Fast Tracks and the perkins group screwed the company over and tried to go behing webnet's back to 3dh. After working for webnet after all these years, perkins' now grow a conciense and try to claim that there was no aggrement with 3dh? Yeah, right, nice try.

And guess who is promoting that new link that was posted on page 4, the perkins themselves. WOWWW

I have nothing to gain or lose as I neither work for or invested in this company but I found it so interesting ( from an article in the abbotsford newspaper) that I did some digging on my own. shame shame shame what a bunch. Perhaps as a sign of good faith to its investors you might want to ditch that mercedes with the nevada plates or perhaps the escalade? Funds generated from the sale of these I'm sure would satisfy at least one of the creditors. And who ever is driving with vanity plates WEBNET.....well you must hang your head in shame when you drive around town.