Wescorp Energy Inc WSCEE

Debt Conversion

[cerebus]

Personally I don't think the person that converted the $2.0M of debt to shares @ $0.87/share is doing any of the selling. I believe the debt was held indirectly by Alf Comeau who is a director of the Company. He lent the money to the Company at a time when the Company had nothing and was trading around $0.03/share - so his conversion is quite generous considering the risk he took. I have heard that he likes Flowstar but really believes the value is in Ellycrack and the potential is huge. It is my understanding that he is an engineer with an impressive background in the O&G industry.