Wescorp Energy Inc WSCEE

ANNUAL REPORT

[bart.bark]

JUST READIN THE AR FOR 10.  THIS IS BAD.  IT STARTS WITH THIS

• there may not be adequate capital to fund our business;
• our water remediation technologies may not receive sufficient market demand or be commercially successful;
• our water remediation technology may be replaced in the market by a more technically advanced process;
• we may not be able to adequately protect our intellectual property, which may affect the realizable value of our investment;
• sales of Raider Chemical product have ceased with the discontinuation of these activities;
• our primary customers are energy-related, which tend to be cyclical and therefore any downturns in this cyclical industry could adversely affect operations;
• the energy-related industry that we service is heavily regulated (including CO₂ related issues) and the costs associated with such regulated industries increases the costs of doing business;
• management may not be able to integrate any technologies acquired;
• management may not be able to carry out its business plan and to manage its growth effectively and efficiently;
• management may not be able to effectively deal with current and future competitive forces in the market;
• we may not be able to manage any foreign exchange risk adequately;
• we could face significant liabilities in connection with our technology and operations, which if incurred beyond any insurance limits, could adversely affect our business and financial condition;
• the current American and world financial markets and credit situation may make it difficult or impossible to adequately finance the ongoing capital and operating requirements for the Company;
• our need for additional capital may harm our financial condition or limit our ability to fund acquisitions; and
• if acquisitions are completed, they may be unsuccessful for technical, economic or other reasons.

[bart.bark]

There spendin 700,000 on wages and benefits900,000 on stock based wages615,000 on consultin295,000 on legal fees300,000 on office costs 400,000 on rels200,000 on travel500,000 interest and feesand on research and development -  zippoThat totals 4,600,000 -  or all the cash.

[bart.bark]

How about this $2,800,000 hooterThe penalty common shares resulted in a charge to operationsof $2,895,498 for the year ended December 31, 2010 (2009-$3,261,762). As atDecember 31, 2010, the Company has recorded an estimated aggregate of 29,156,194(2009: 18,580,124) in common shares valued at $4,081,867 (2009: $5,388,236)in relation to the penalty shares owing to the shareholder the Company has