See This and be Warned About Danny WettreichThe dallaspost artcle is interesting. Check this out from siliconinvestor old chat boards re: Danny Wettreich posted by a
Philip Pasteur The post was immediately preceeded by a threat to sue Pasteur if he didn't shut up. Full post is here (scroll to post 64)
www.siliconinvestor.com/readmsgs.aspx?subjectid=4411&msgnum=60&batchsize=10&batchtype=Next
but highlights are below.
QUOTE: "This is why the term "fictitious profits", definitely applies.
This brings us back to why it is so important for DW (Wettreich) to have publicly traded companies. This enables his magical shell game ( where is the money...now you see it ...now you don't). He can now make transactions without using anything with fixed value. He can now shuffle around paper and claim to have made huge profits. He is now able to use creative book keeping to its maximum effect! He can really now publish numbers with little regard to real world values in order to get people to waste their money by investing in his companies. What a deal!!!
Sme have called DW a financial magician. I agree. A magician makes their money in the art of illusion and deception. They make people believe, at least temporarily, that they have seen something, when in fact it was all smoke and mirrors. When folks look behind the props, they learn that the have been made fools of!
This absolutely defines Danny's method of doing business...
Would you believe that money pulled from hats could pay anyones bills for long? Would you hire the magician for running your business? I thought not. Then why trust the "lizard of Camelot"???
Keep in mind the bottom line. Camelot has existed for over 5 years. It has never turned a profit based upon it's ability to perform in it's chosen market. It has never earned a profit based on sales of any goods or services. The only time that they have posted a profit it has been based upon financial chicanery. In one case, 3rd quarter 1995, proof in the annual report showed that this information was completely inacurate.." ..
Investors BEWARE!!!!!!!" ENDQUOTE