Wescorp Energy Inc WSCEE

Flowstar questions

[b00gn1sh]

What a tangled web ... "Quadra is planning to grant Flowstar International a license to use the technology and to manufacture, market and sell products derived from the technology, including the DCR system, in all jurisdictions worldwide except Canada." I don't understand, who maintains the Canadian license? And isn't Quadra 100% owned by Wescorp? Quadra = Vasjar "The acquisition of Vasjar was concluded on August 19th , 2004. In consideration of the purchase of all the outstanding shares of Vasjar from two shareholder entities, Wescorp issued shares to said shareholders of Vasjar each as to 50% as follows:" But then why are they experiencing these failure to delivers on shares in the arrangement? That makes absolutely no sense, since it is certainly in the best interests of shareholders to avoid these penalties. Last year took until September! Why on Earth? "We were not able to deliver free-trading shares on April 1, 2006, and so we are required to pay the Vasjar shareholders an additional 48,000 Wescorp shares for each month that the shares are not delivered. If we fail to deliver any of the Stage 2 or 3 shares, Wescorp will be subject to a penalty of 10% additional shares to be issued to the Vasjar shareholders for each month of delay, with a cumulative provision. If any of the Wescorp shares to be issued to the Vasjar shareholders have not been delivered for a period of 182 days after the applicable due date, the Vasjar shareholders may at their option terminate the share purchase agreements, without notice or prior opportunity to cure. We have pledged to the Vasjar shareholders all the Vasjar shares as security to guarantee Wescorp’s performance under the share purchase agreements."