Complaint Review: World Energy Research

Well it seems WER is no more! Noone seems to be replying to any emails. It has certainly gone very quiet over there. Maybe they are just regrouping or waiting for their illustrious leader to come out of detention? 

Does anyone know how long Gabriel Conde has been detained for? Please be so kind as to let us know if you hear anything? Maybe he's back at work; he's been awful quiet though! Maybe he's just catching up on stuff he got behind on? Well don't work too hard now!

So he was having a little holiday in Turks And Caicos Islands when he should have been signing the Gugler contracts. Oh well we all have to have a bit of fun sometimes I suppose? Does anyone know who actually signed them in place of him? 

I am having a bit of a problem with why Blake Robert Brischke insists on signing off on official company documentation using just this first and middle names. Who does that? Is that some new trend? It's different, I'll give him that! What's wrong with his last name though, it's a beautiful name? If he is going to insist on doing it that way he should really just shove an "s" on the end of Robert and make it Roberts. It just sounds so much more credible.

ATTENTION INVESTORS AND SHAREHOLDERS


Highlighted Below is a Copy of the letter that, on behalf of my associate, that I wrote to World Energy Research's Legal Representative on 21st March 2011.
Names have been changed to initials.


Also Please Note, In the coming days we will provide the subsequent response by WER and the following series of communications we have engaged in until the present.


Also, we will publish information pertaining to our experiences and significant and alarming evidence collected, relating to each of World Energy Research's marketed investments dating from May 2009 through to the present. They include, but are not limited to Sambuca Oil, Blue Energy, Guatemala Hydro, Promo Shares, Oil Refinery, Alternative Liquid Fuel Project. We will also clearly highlight WER's methods of defrauding investors and manipulating people to suit WER's interests exclusively.






Dear Mr MK,


Re: Z***** Investment Trust- Guatemala Hydro project & related matters

I refer to my recent correspondence of the 14th instant pertaining to the various issues of contention recently raised by my associate.


As you would be aware, the investment arrangements were conducted directly between my associate and Mr. JV amongst others commencing in the latter part of 2009.


The writers endeavour to conduct due diligence for the past week or so (albeit after the fact), has met with many obstacles and raised some valid and founded concerns. 


World Energy Research (WEHR) and its subsidiaries are purporting to be on the cutting edge and as emerging contenders on a global scale in the field of renewable energy and related services. Whilst the fundamental principals are sound and the investment potential remarkable however, my associates direct experience and the subsequent outcome; is a poor testament.


Access to pertinent and fundamental information about the company, its financial standing, experience, past and current successes but most significantly, the investment projects in-progress with the vested interest, is vague, inconsistent or is simply not available. This is further exacerbated by the absence of the promised transparency, up to date and accurate information on WERs projects to a high degree of specificity so that partners are indeed well informed, as promised.


Moreover, this is frustrated and further complicated by the inaccurate and conflicting information provided to my associate by WERs representatives/Directors since the commencement of the association. 


The writer is acutely aware of prevailing terms and conditions of the Limited Partnership Agreement and such matters relating to the qualification of the investor and indeed the nature of the investment. Additionally and perhaps more poignantly, the inherent challenges and learning curve experienced during an expansion phase in organisations such as yours.


The aforementioned notwithstanding, this does not excuse or exempt WER from being held responsible and accountable for verbal information or alluding to certain factors that were completely unrealistic and unfounded, which my associate relied upon to make his investment decision. Historically, this fact is evident and clearly demonstrates that the information in question was both inaccurate and misleading.   


To progress the matter and work towards a satisfactory remedy of the issues of contention and other areas of concern, please refer to the list of our current requirements and questions set out below for your urgent attention.


For simplicity, these will be listed in different categories and in point form.


Categories:


1. Official documentation (I.e. Share-certificates, prospectus etc)
2. Additional information on relevant projects 
3. Explanations and guarantees
4. Requirements for resolution




1. Share certificates


a. Please confirm exactly when the hard-copies of share certificates will be sent. The first being the gifted 80,400-shares issued on November 2, 2010. The second being the 125,000-shares issued on Feb 10, 2011 in lieu of the funds invested in the Blue Energy project.


b. Please provide the prospectus. This was promised by Mr. GC on February 9, 2011 with a time-frame of 2-3 weeks. Almost 7-weeks have passed since and to date it has failed to materialise and no contact or explanation provided.


c. Please provide the promised contact details for share transfer agent in Germany.




2. Additional information on relevant projects 


a. Please provide the initial Information-Pack that was distributed to partners at the outset of marketing of the Guatemala Hydro Projects.


b. Cash-Flow Chart for the 4 Stages of the Hydro Project as advised in 2010 via email to the partners.


c. Please provide a current stage of completion report for El-Islan and confirmation of the expected commencement date of income and the amount. 


d. Confirmation for completion dates for the other dams.


e. Any and all additional information that is pertinent to validating this project and the due-diligence process.




3. Explanations & Guarantees


For expedience, only the main issues of contention pertaining to the relevant projects will be covered. The issue of inaccurate or misleading information upon which, my associate based his decisions on in good faith, has adversely impacted his faith and confidence in both the company and its directors and as a consequence, the validity of the projects.


Guatemala Hydro Project


a. My associate was advised by Mr. JV that the El-Islan project would be completed by November-December 2010, with the first income due at the latest, by January-February of 2011.


This fact was stated from the outset and remained unchanged throughout 2010 and included reassurances from Mr. JV that everything was on-track and without expected delays and he also confirmed that the turbines for the project have been ordered. 


A subsequent conversation last month with Mr. GC, confirmed that the order for the turbines was cancelled and deposits were forfeited. However, Mr. GC advised that the order for the turbines would now be placed with another company named Googler. Furthermore, the El-Islan project is at least 9-months from completion.


Surely, Mr. JV must have known that completion would not be met by the stated date of December 2010. 


Hence, it begs the question: why the deception? 


Furthermore, all such information is supposedly communicated to all partners via the WER website or platform that was established for this purpose. The email notification dated February 17, 2011 to the partners notwithstanding, the fact remains unchanged.


Having reviewed the partner access of the website, I failed to find any such information, be it in the project-section, the Media-Updates, emails to the partners or anywhere else. That is both inconsistent with the undertaking given by WER in terms of keeping its partners informed and contrary to its policy of transparency and good business practice my associate was assured of.
The absence of information both in terms of important changes to projects or of the promised up to date information and general progress reports on all projects is both puzzling and alarming. Thus far, it would seem that any and all sources of information cannot be relied upon.


Please explain!


b. Blue Energy Project


In June 2010, Mr. JV again advised my associate that all was progressing accordingly and that the permits were being finalised. Also, confirming an approximate 18 month build-time for stage-one and the ensuing income was flagged around that time-frame. Subsequently, when raised again with Mr. JV, he confirmed by reply email, that all was proceeding as previously advised.


However, during the discussions with Mr. GC last month, my associate was advised and for the very first time, that the Blue Energy project would be delayed for 5-years.


Consequently, Mr. GC offered my associate the opportunity to convert the funds invested in the Blue Energy Project into WEHR shares, which my associate graciously accepted.


Please explain.


c. Share float & liquidity


In June 2010, Mr. JV stated that the public float would occur within 6-weeks and alluded to the fact that the shares would be saleable immediately and certainly no later than September 2011. 


The gifted shares were an enticement to increase the amount of funds invested by my associate to reach the minimum investment thresh-hold sort by WER, which served as a great inducement and an important factor for my associate in terms of liquidity. The information provided to him was accepted in good faith.


In Early October of 2010, following the delay of the public float, my associate was again reassured that the company would float by the End of November at the very latest. However, this was again delayed and finally the company floated in January 2011. Such delays are reasonable under the circumstances however; the issue is the poor or absent communication and the deception.


At no time, was my associate informed of any restrictions on the shares or was given any indications in that regard until after the fact. It would appear yet again, that pivotal information was unreasonably and intentionally withheld from my associate and to his detriment. My associates disappointment is compounded by the fact that he held Mr. JV in great esteem and by default WER. My associate in turn, offered Mr. JV his complete trust and support.

More recently, my associate was clearly becoming frustrated and lost all confidence and trust, whereby he commenced to express this fact during the past couple of months. It was during the time that my associate was expressing his concerns and demanding answers that much of this vital information was revealed. This now leads to further issues of concern about the ongoing methodology of WER regarding matters of disclosure or the lack thereof, inaccurate and misleading information and WERs untenable conduct in this regard. 


The information that was revealed recently, occurred only due to the fact that my associate was demanding answers otherwise, the status quo would remain. For example;


Regarding the shares offered to my associate, there was no disclosure regarding the restrictions imposed on the shares. This only came to light much later in the process. 


Please note:
The promotional/gifted shares being of the restricted type does not represent an issue to my associate however, the remaining 125,000 shares offered in lieu of the investment in the Blue Energy project is another matter. The appropriate course of action in this regard, is for these shares to be changed from restricted to ordinary shares.


The limitation placed on the shares, namely the 12-month sale restriction was never mentioned and this fact only surfaced recently (Feb-2011) in a response from your representative Mr BRB to my associate's inquiries to a related matter.


During a conversation with Mr. GC last month, my associate was informed of the prospect of the 12-15% of the shareholdings being saleable by March and no later than April 2011. However, there may be some requirements that need to be met before this was finalised. These may include; the share-price reaching 5-Euros and/or the completion of the formal process of including the hydro pack as company assets.


Please provide an update regarding these requirements to facilitate the sale of the 12-15% of shareholdings and of any other factors that may cause a delay to this process.




4. Requirements for resolution


a. The immediate approval to sell up to 15,000-shares. Alternatively, the equivalent funds advanced to Z****** Investment trust in lieu of the anticipated sale of the 12-15% of shareholdings being approved to sell. You are given the discretion in this regard however; this must result in the funds being made available expeditiously.


b. The immediate delivery of the outstanding documentation, including but not limited to the hard-copy of share certificates and the prospectus.


c. The requested project information is to be provided as soon as practicable.


d. Acknowledgement and an explanation for the points of contention highlighted above and details of how these issues will be remedied to avoid their reoccurrence. 


e. Travel arrangements to inspect the Guatemala project. Whilst verbal confirmation that two (2) first-class flights, accommodation and related arrangements would be covered however, confirmation of this fact is required in writing as soon as possible.




My associate has extended his full cooperation, trust and has acted in good faith throughout and it is unfortunate that he has not been extended the same courtesy. 


The onus is now with WER to rectify the damage and demonstrate by deeds not empty words, its purported high standard of professionalism and integrity, to say nothing of its moral and legal obligations. WERs success or failure of this resolution process will be measured by its sincerity, effectiveness and timely manner. 


As previously advised, time is of the essence and your response together with the requested documentation and information is eagerly awaited.


Thank you in anticipation of your prompt and favourable response.




Yours sincerely,


MR G.A

Go to Motely Fool UK, and in the search box type realrealgone

you will see my post.  then click on post reply and one of the options is email this reply to the author.

simple..I am up for a bit as I am on the night shift and have a few more hours to go yet

I am sorry but I have tried to find the right place to post but can find nowhere where I get an option to email you. I can find posts by others but not by yourself. I just posted under lookreallyhard. ?????  

I have attached a document which was filed with the SEC.  I checked with the NZ Corporate Registry and no such Limited Parntership or corporate was registered, although the form here seems to indicate that.  You will also note Chad Willis has his name on this form.  I am not making any assumptions here, just asking questions such as why is this company not registered in NZ although the form does seem to infer it is.  It also has the same address as the virtual office in NZ.

If you go to Motely Fool UK, in the search box type World Energy Research, you will see a post there about Australia.  You can reply to me by posting a response and choosing the email option and then send me the info.

go to motely fool uk, then enter world energy research as a search tool, you will get the message board, leave a message simply stating...I have heard of WER in Australia as well...when you register you have to have an email address and when I respond to you it will go to your email.  If you post anythong on motely fool uk the company will have it removed.

I would like to share information in an effort to get to the bottom of things.

I don't know because I don't know what you have but I suspect what I have got might surprise you. I am not in a competition to see who has the most information.

I have so much information I wouldn't know how to begin posting it on this forum. I might set up a separate web site where it might be easier to post. 

I can't seem to find you on Motley Fool. 

It is in regards to CW. I'm not sure what Aux is? 

when I came across the info on Mario Delecce and Basil Barouki and the company WER denied them working there altogether or denied they had not worked there in some time, I found some links.  A lot of this goes back to contacting one company congratulating them on having some prestigious people working for them since they seemed to always be invited to speak as keynote speakers at various conferences which already have been documented here.

Now, what are the chances of two people with the same names working for a completely different company?

http://www.free-press-release.com/news-polaris-energy-announces-a-photovoltaic-solar-energy-investment-opportunity-1289860379.html

http://skynewswire.com/modules/news/article.php?storyid=14015

At the bottom of the top link you will find this little nugget..

Contact Information



Name: Basil Barouki
Company: Polaris Energy
Telephone: +39 027729 7535
Email: ***@polarisenergy.com


Now, I ask you again what are the odds of two people with the exact same names working for two different energy companies? 

Can you state why?  What information do you have about WER that I may not have?  This forum does not allow others to get in touch with one another I believe and they will redact any posting and remove contact information.  You may as well post what you have but there are also other places you can post such as Motely Fool UK or Australia  or Motely Fool under World Energy Research Batley and then those boards allow for the exchange of emails.  Does your info have anything to do with Aux or just CW.

Bately I need to make contact with you urgently re World Energy Research and Chad Willis. How do I do this?

Edmund

The servers are not working right now so I will make this short since my lengthy rebuttal to your absence of facts post dissappeared.

Show us proof from non WER sources aoubt Gugler, about the refinery, who owned it, when was it sold, story on the sale and new owners.  WER press releases need not apply.

I have lots of info on Chad Willis for you.

I've had many conversations with six different people at World Energy Research in terms of my potential investment with them. These conversations took place over nearly a year and I have asked them many, many questions, a lot of which cover the queries brought up above.

In no order I will answer them to my best ability:

1. Cuilco is not the first plant being built. Sosi and Islan are along with two more.
2. The company is legally required to say that it is not longer receiving private investors during its transition stage to become a publically floated company. That is also why the details of the project has been withdrawn, soon to be remarketed as part of the plc. A new webiste is being built under the address www.wehr.com where some press releases about the plants and new directors can be seen.
3. The new team is being built as part of the new public company
4. I was not cold called, I made enquiries with the company directly
5. I have found all the staff members i have talked to incredibly helpful and consistent. they are all very confident about the future of the company under the hands of Gabriel Conde
6. Within the next few months the company's listing should go to the next stage on the Frankfurt exchange where a portfolio of its assets will be posted and a marketing campaign will take place.
7. The refinery was bought from another company and is part built and is an asset that will be transferred from WER to WEHR in due course. See 2. for why details have been withdrawn from the website.
8. I have never come across nor heard of Chad Willis in my experience to date with WER
9. I believe a German company was lined up to make the turbines but in the end WER went with Gugler, an Austrian firm, who have confirmed to me that they are working with WER
10. The free shares for further investment were an incentive to build up the company's assets as they were going public and because they are unable to push for new investment during that time.
11. As well as the Canadian solicitors, who have an office in London, WER have a Guatemalan firm of solicitors Mayora & Mayora who handle the legal work for the electricity /hydro contracts

As No.5 said, I do believe this is a bone fide start up company with lots of ambition. Because it is new it is risky and investment in the early stages is speculation. The requirements of going pubic mean that is a long and complex process with lots of legal requirements.

I saw on Motely Fool UK a poster placed an email they received from someone at World Energy Research stating they are not taking on any private investors.

That can mean a couple of things.  They have felt the heat and have backed off or they are switching their focus.  I see the company still has not yet named a new management team.  Maybe this time they will list affiliations and educational backgrounds that can be verified instead of "well repected" and the usual sort of tripe that cannot be confirmed. 

Has the other poster received their money back yet? 

I also see the law firm for the company is Stikeman Elliot on a company profile.  I wonder what they have to say about all of this.  I must say they have been effective in shutting down any information being put out by others about this company.  A lot of links you could previosly find information on are no longer working.  Apart from the email about WER no longer taking investments Motley Fool UK has no new posts, nothing. 

I read with interest, at least until Motely Fool UK deleted most of the threads information on WER. Via email I did contact a few of them who seem disgrunteled, one in particular who had invested and was trying to get back their deposited funds. If the company is claiming these allegations are baseless, they must bear the blame for publishing those baseless facts in the first place. Lets start with the old website from last fall.

1. At one time the company had posted rates of returns for various projects but for whatever reason, those have now been removed. The one that did catch my eye was the refinery, boasting a return of 487%. FACT

2. The live video feeds were actually tape loops. FACT

3. They did have many many press releases about Mario Delecce and Basil Barouki attending various energy summits. I did see the response to one Motely Fook Uk poster when his post about them was removed. Those reponses were forwarded to me when that person posting them no longer had posting privileges. At first the post was withdrawn due to the fact those two individuals had not worked with WER for -34 months, and when the poster persisted, the next response indicated the company had erred in publishing a press release when in fact MD had never worked for WER and WER was removing all the links to these press releases, which they did but there still are fragments of leaks out there which still function and which also named the new management team. Both of those names figure in the press release. FACT

4. It may be my research skills are rather lacking but I would love to see positive proof about all of the energy plants they say they are currently running. Those are listed on the WER website but without rates of return now as you have to speak with someone to get that information. What is interesting is the comments from another poster who claims to have spoken with the German company supplying the turbines. They did confirm they had spoke with WER but no contracts had been signed and no payments had been made. As well the project was slated for completion at the end of 2010. So, can the company post a picture of these locations where they have a power plant. I could find none and Wikipedia only lists just over a dozen and none of them share the same names as those posted on the WER website.

5. WER did sign an agreement to co-develop the Sambuca property and Chad Willis raised $9,000,000 of the required $44,000,000 and did file a FormD in the United States with the SEC and his name is clearly listed on the document and as the previous poster indicated, it was called World Energy Research Sumbuca LP (it should have been Sambuca if the press releases were accurate issued by WER). I did conduct a search of all New Zealand corporations and there is none listed under that name and only one listed under the name of Chad E. Willis which was removed by his request, from the NZ registar in November of last year. Chad Willis does appears in many of the press releases issued by WER. As to his background, I am not clear as the old WER website listed the management profiles but without any affiliations. FACT except about the background of Chad Willis which as I stated cannot be confirmed either as to his background or his nationality. As you can see the address on this document referenced below is one and the same for WER in NZ.

Here is the link:

http://www.sec.gov/Archives/edgar/data/1469175/000146917509000001/xslFormDX01/primary_doc.xml

The agreement was terminated later that year, December 2009 which again seems odd because a press release issued by WER states it was full steam ahead thanks to our illustrious leader and then later it is terminated. A bit odd that. Links below.

http://worldenergyresearch.com/NewsDetails.aspx?id=28FACT since it appears on WER website

(((Redacted)))

6. Here is some information forwarded to me from the poster who was banned soon after as regards Mario Delecce and WER.

WER now is claiming that Mario Delecce never worked for WER, it was a press release that was mistakenly put out-see BOLD

World Energy Research - Green Energy News
20 Mar 2010 ... The second member of the board is Mario Delecce, currently serving as the Chief Operations Officer. Mr. Delecce's

World Energy Research Exclusively Selected to Present at Global ...
15 Mar 2010 ... WER's keynote speaker, Mario Delecce, will outline the renewable energy

World Energy Research Exclusively Selected to Present at Global ...
WER's keynote speaker, Mario Delecce, will outline the renewable energy market trends,

20 Mar 2010 ... The second member of the board is Mario Delecce, ... Basil Barouki is the Senior Institutional Advisor and one of the reasons that World ...
worldenergyresearch.com/NewsDetails.aspx?id=65 - Cached

and now they say

"The post makes assertions and implications that Mr. Delecce was an employee of World Energy Research, which is untrue."
Apparently, a press release stating that Mr Delecce was an employee of World Energy Research "was released without his prior knowledge and consent."
World Energy Research "have agreed to remove the press release from their website, as well as notify other sites who re-published the release to do the same."

And yet the press releases which went on as late as September 2010 are out there.The above was forwarded to me on November 26, 2010 so it means that from March until November,WER did not comment on the fact Mario Delecce never worked there.A bit odd that. Seems pretty FACTUAL to me but it is second hand. So how does one name someone to a position before asking if they want that position and then go on to state they are attending this and that conference. Seems a bit odd that.

7. I did see the poster who is trying to get back their money had invested in a tidal project. I visited that website and there is no longer a mention of the company on it. Another poster from Motely Fool did contact the company and they did mention there no longer was an affiliation so giving them back their money only seems fair since there is no project going forward.

Anyway, there is little here that is contentious unless the company wishes to state they have many errors regarding the issued press releases. It is quite factual and pretty well all of it comes from WER sources so I see very little here that is baseless, again, unless the company wishes to admite they are thick as a brick and don't know what is going on. It also would be nice to see a listing of the 150 projects they claim to have going on, and that is also FACTUAL because that is the number they have used in their ads and in an email addressed to myself in the early days of sniffing around this company. It would seem the ball is now at their feet to kick about, so let's have at it.

I read those threads on Motely Fool UK as well and many of them simply vanished. I contacted Motely Fool UK and was told that should a company like WER complain, Motely Fool UK (don't know if it is different in America with Motely Fool there) simply remove them so as to avoid being embroiled in any legal dispute. The simple fact they were removed does not mean the posts did not have merit (because as it was explained to me they are not allocating resources to prove or disprove a post and simply remove it without question) it was removed simply because it is their policy not to become embroiled in legal disputes. Even if one could prove to Motely Fool UK the validity of the post, they still would remove it if asked. Now that being said, the company in question has been less than forthcoming. I have contacted them in the past and much of what they told me could not be independently verified and in fact, when asked to provide proof of some of the projects, I was told they only would do this if I invested. Yes, they certainly claim they want you to conduct due diligence (GC's word on another website) but you cannot conduct it simply because they won't allow you unless you first invest. Rathers backwards I say of going about things.

Now if WER wants to say certain things are baseless and without merit (you must bethe solicitor for the company) then the company should, without hiding behind the veil of signed documents, clear the waters rather than muddy them. I have collected a great deal of information and exchanged emails with some posters on Motely Fool UK in an attempt to determine for myself ceretain facts about the company and I have documented these facts by taking snapshots of the company website with certain information on it which has now been removed.

For example one poster provided me with a link showing that two individuals were the subject of numerous press releases issued by the company and then a subsequent communication from the company saying those same two individuals in question had in fact never worked there.

Another interesting point was the agreement with an Aussie based company which was the subject of a great deal of WER press releases and making GC's role seem very significant but the agreement was scuttled. However, I was able to obtain a link to the SEC Form 5 (don't ask me what that form is as I am not a laywer) but it did contain the following: World Energy Research Sumbuca LP and stating it was a New Zealand registered company run by Chad Willis and then anothe rprovided link showed the signature of a Chad E. Willis for a document pertaining to another company involved with WER so there does seem to be a link.

So rather than answer questions the posts were simply removed. Either the company complained or someone associated with the company in some manner asked the posts to be removed. The fact remains that much of what was said, not all, but much, was accurate and can be backed up and that is what solicitors would like to call "irrefutable evidence m'Lord". Evidence of what is what is in question but evidence nonetheless. I think if the company wants to clear itself, have someone from the company, not a solicitor, allow questions to be asked so that they may answer them and thus disprove the allegations meted out on this thread. Until the company itself wants to do this openly and clear the air, then this cloud will remain over them. Remember, this is the digital age...you may change your website and delete information but someone somewhere has a copy of it. So rather than threaten, show us you have nothing to hide and answer some questions.

World Energy Research expressly denies the allegations made in this thread. Similarpostings have been removed from other on-line forums including the Motley Fool as being unsubstantiated, baseless and without merit. World Energy Research is in the process of having this present thread removed as well.

World Energy Research developed and cultivated its reputation and goodwill through its quality of service and transparency of operation. Prospective investors are encouraged to visit the firms website:

http://worldenergyresearch.com/

Further, should you have any specific questions or concerns, please feel free to contactWorld Energy Research directlyand have your inquiries addressed:

http://worldenergyresearch.com/ContactUs.aspx

I have been trying to find out some information on this company as well and like many could only find press releases all issued by the company. There is a lot of info out there except it all ends at a dead end. I saw the links to National Geographic and England/UK and found Motely Fool UK but interesting pretty much every single thread was deleted except for some older ones so the message boards over there don't have anything much to offer. I saw the Chad Willis notesand started digging there and found lots of stuff about Michigan but how do you know this is the same person? I could find no links between Chad Willis and Seisma so if you have some please share them. I did visit the site in New Zealand where the government makes corporation information public and did see his name and signature on one of the documents but from that I don't know if you can conclusively draw a link between the two. I also saw the San Carlos stuff as well. I am not defending him but if you are going to use strong words it would be good for the rest of us to have links showing the point you make is accurate and has merit.

As for the rest of the people involved the information that used to be on the WER website was pretty vague about management-sounds like it was made up on the spot like their press releases. I recall visiting their website when I could access it and seeing one of the projects listed as having a return of 61% or something like that except it is not even built and today the company issued a press release on that project-don't know how they can offer a rate of return when the thing is not even started yet. I also read a lot about the protests of the people in Guatemala and how these projects ruin their livelihoods, the river, and so on yet WER has villagers giving Gabriel Conde (he is the managing director of WER) an award. Like another poster I went to Google Earth and could see no dam and the picture there shows it is less than a year old. Even so if the dam was finished this year and the pic on Google Earth is even a year or two old, you would see something. Does anyone have an idea where in Cuilco the dam is supposed to me.

I would not invest until I saw concrete proof of these projects. The fact they had one shareholder with a head office in Belize, a corporate office in New Zealand (some threads on Motely Fool UK did say they visited and there was no one there except a secretary who said everyone was out of the country at the time), and projects no one can seem to find makes me suspicious about the whole thing.

Here is a link to the story on Tacana which was mentioned above with its rate of return already published. Now you have to ask for this info.

http://www.premiumpresse.de/world-energy-holdings-research-plc-announces-its-acquisition-of-the-proposed-tacana-hydro-project-in-guatemala-PR1089890.html

I would be very cautious. Amazing in this day and age where you cannot find anything independent on this company. No stories in any major online that was not written by the company. Of all the projects they listed I could not find one of them and the one I could find any information on has gone from the website and it was a Canadian tidal power company whose name slips me but you can still find the original stories on line.

Anyway if someone has links proving the Willis connection to Seisma and WER it would be nice to post them. Otherwise it is just mere words. I could find nothing concrete about Seisma and I am sure there is more than one Chad Willis in the world. Just asking for links is all.

Glad you were able to get your money back. I have been trying to find info out about this company that was not put out by the company. I have searched and searched and can find absolutely nothing about them from an independent search. So I figured I would look at the Cuilco dam and got lucky and was able to view a 2010 overhead view of the entire area-the river, town, bridge and so on but could find no dam. I checked all kinds of on-line publications in Guatemala and could find nothing at all. I mean if the guy received an award from the town somebody apart from the company must have written about it but I could not find one report of it at all. There is a list of all the hydro electric stations in Guatemala and Cuilco is not on the list. Another poster mentioned they contacted the company in Germany which is pretty telling if they have not supplied turbines and yet already, with no dam built Cuilco is having their schools rebuilt, roads paves, backpacks handed out to kids. There is a gold mine in the area but I can find no dam at all. Some of the WER press releases talk about 13 projects but if that is true it would double the current number of hydro plants in Guatemala but again, there are lots of releases but I could only find the names of a few on the website not mentioned in the releases and could find nothing on them at all. It troubles me when their own website was showing rates of returns already but I for one could not find one of them. Can someone post pictures that can be verified? Still glad you got your moeny back but you said to invest if you can afford the money but you pulled out because a lot of the claims could not be verified by outside sources so why would you encourage others to invest just because they could afford to lose it. Out of 150 projects I can find not one. Surely this company with its over 2.5 billion dollars worth of projects can show one of them or the media would have reported it.

Too weird for me. Worlds biggest secret I guess. Still searching but at some point you have to figure out there might not be anything there.

I actually invested $50,000 of my money into the Guatamala scheme back in January 2010 - a year ago. In June, my usual contact from WER offered me free thank you shares, pending their listing on the Frankfurt Stock Exchange, which was due to happen around the end June 2010, which of course didn't happen until recently. A red flag went up for me when they said that I had to invest more money into the Guatamala project in order to qualify for these free shares. They weren't giving them to me off the back of my initial investment. I found this a bit odd.

I promptly asked for my original investment back explaining to my contact some of my reservations about why they were telling me the listing price against the price the free shares were worth, which would have made me a small killing, if I'd gone ahead with putting more money into the Guatamala scheme and the listing had happened in June as they said it would. They claimed that as a partner in the scheme they could tell me the pre-listing price and this wasn't insider dealing as it would normally be viewed as, if I'd not been a partner.

I can tell you quite honesty and frankly that I did get all of my original investment back - all $50K of it - and within 3 days. I can prove it too because i retained the paperwork. I made it clear to my contact, but after receiving the money into my account, that I would re-invest into WER once I was happy that they were getting independent journalistic exposure, which was unforthcoming (and still is). All they put out then, as now, is self-generated PR notices and advertorial spreads. This is no where near good enough - at least for me.

I too did a lot of due dilligence on the company around June 2010. I discovered that they exaggerated their claims of eminience in the green energy field, and I found out that conferences/summits their directors were supposed to speak at weren't listed. I even contacted one summit organiser the director was due to speak at and discovered that they have been de-listed as a speaker because of similar concerns to mine.

This may not seem like a rebuttal, but a criticism of the company. But I can honestly say that WER have always appeared to be frank with me and have openly discussed with me issues I had about they being potential fraudsters, boiler room scammers etc. Of course I did this after I got my money back, not before. I'm not that daft. But they are aware of the bad publicity they are getting and they have categorically told me that they are not scammers, fraudsters or any kind.

Of course, I would not expect you to take my word for that - or their's for that matter.

In conclusion, I would err on the side of neutrality, not write them off as a scam outfit - at least not yet until something more concrete comes to our attention that they are. They could just be a start up organisation that has real investment opportunities for high risk investors who put money into the schemes they offer and can afford to lose the money, should it all go pear shaped for a bona fide reason - or not as the case may be. This, let's be honest, is the same with all companies.

So the anti-red flag indicators I want to stress, based on my experiences, are these: scammers don't normally give money back. I got all of mine back. Every penny. Scammer don't openly discuss being scammers, when asked about their activities, and then call back with countless reassurances, new opportunties to invest, as they have with me. I've also never felt victim to high pressure sales techniques either except on deadlines for sending money across to them, which I discovered were spurious in practice because they allow far more latitude than they originally claim is the case.

So I would say to you that if you can afford to invest with WER, then do it. If they do turn out to be bona fide you will do well from partnering in their projects if their returns are what they claim they will be. But don't, whatever you do, invest a dollar more than you can afford to lose - either because they could turn out to be very clever scammers or because the invested projects fail (I'm not sure if their DDWI certificates are really the safeguard they claim they are!). If you are in financial straights or can't afford to lose your capital, then don't touch WER a bargepole until more safety indicators are apparent through proper journalistic exposure and independent credibility indicators. This is not the case as yet. For the financially vulnerable, WER are far too high risk.

Finally, to reassure you, I am not an agent, or current stakeholder or paid advisor to WER or any one of their subsidiary companies. Therefore, what you are reading is the god honest truth from someone who once invested with them and pulled out and haven't re-invested back with them - at least not yet. WER have had nothing from me, except endless questions and doubts, yet they are still pleasant and reassuring to me and keep me abreast of their latest activities. Does this seem like a scammer behaviour to you?

Well, you make up your own mind but don't be foolish with your money either.

I hope that helps realign your views on WER, whatever they may be.

hi there, a few months ago, I found this company, WER, online and approached them for as a potential investment. At first I was attracted to their promising 2nd level returns on a hydro plant in Guatemala. As I began to investigate, it didn't add up. For example, on their web site, they claimed to have commissioned a German company called Wasserkraft Volk AG to build three plants. I called Wasserkraft Volk AG and spoke with the sales manager. He told me that he had been contacted by WER but no payments had yet been made. He said that anyone can talk about an order, but its not really an order until a financial payment has been made. WER's page says that they expect the projects to be completed by this year (2010).

Along with this red flag, there just was not enough concrete evidence for me to pull the trigger and invest the money (below $20K)

I am very glad that I did not. I learned to do much due dilligence before investing

New here so I could not find how to reply. I have been looking at these guys for awhile now and much of what I found does not add up at all. The website gave lots of clues though such as the following

Picture of an Americn astronaut manning their remote broadcast facility. I was led to believe the person in that picture was the guy who ran the video broadcasting facility but as it turned out it was a NASA photograph taken in Houston in 1981 as confirmed by an archivist who was also able to identify the person sitting behind the monitor with CAP COM on it which stands for CAPsule COMmander. When I questioned them the picture was taken down. As well the supposedly live video feeds were actually tape loops, and if they were not then every one of those view they were showing were on a part of the earth where it never gets dark.

Mario Delecce and Basil Barouki were both the subject of a number of World Energy Research press releases, including one where it was announced they were named to the Board of Directors. Then I found a link to Mario Delecce and Polaris Energy and when I brought this up on a UK message board it was removed and the reason for its removal was the fact that neither of the two had worked for WER for 3-4 months. So I created a new posting account and posted similar information and it was also removed and I was told the reason for its removal was that WER had erred in publising the press release and in fact they had never worked for WER. WER then started pulling all links they had published in the names of these two people.

I was told the company was being listed on the Frankfurt Stock Exchange and unlike the OTCBB in the United States, this was a prestigious exchange and if I sent them $250,000.00 by a certain date I would be gifted free shares to the WER listing. They also were reassuring me the company had over $1 Billion dollars of assets and zero debt and the company shares would begin trading at 3 Euro's and my cost would be 1 Euro per share. Well, the company does have a listing under World Energy Holdings Research PLC but if you go to the listing you have to agree to a disclaimer that it is trading on the unregulated side of the exchange, it is a high risk investment, and no one has looked at the financial books of the company to see if what they claim is true, is true! So far after nearly one month of trading, not one share has moved on the listing.

They used to publish rates of return on their Project Listing page. One of them was a refinery that boasted a 487% rate of return, the other, a Tidal Power Project that was going to return almost 64% even though neither had been constructed. When I brought some of this up, they removed the rates of return from their website and you have to contact them.

On one of the corporate registration documents which I have printed out, the name Chad E. Willis is written and this may, and I say may, be the same person the State of Michigan is interested in. I also found his name on a Form 5 for World Energy Research Sumbuca LP (that was the way it was spelled on the document although the press releases spell it Sambuca) where they had raised $9 Million US Dollars of $44 million they were trying to raise. They were name as a partner by AuDax in Perth, Australia in this venture and were going to fund it but in December of 2009, AuDax issued a press release terminating the agreement. On the Form 5 it indicated the company WER Sumbuca LP was a registered New Zealand corporation when in fact no such registration exists. Only one company had Chad E. Willis named as a director and that company was de-registered at his request in November of 2010 due to the fact the company had no earnings, and did not trade.

The company claims to have over 150 projects currently running but the rep I talked to could not tell me where any of them were or provide links saying all of that would be published on the website in due course.

They also issued a number of press releases regarding their association with a well known publication and had a mocked up cover of the issue showing their logo on the cover. As it turned out they paid for a five page advertorial in the English edition and it was only in England that it would be distributed. They also have the back cover. In their press releases about this they used words like collaboration when in fact it was a paid ad and the magazine informed me the company had no editorial input into the edition. One of the people involved in the publication of that supplement is a well known environmentalist and every press release issued by WER spelled his name incorrectly.

I am sure others have found out more about this company but it is difficult getting the word out because some on-line resources will continually delete postings about the company so as not to become embroiled in a legal dispute. I also believe one of the posters in the UK works for the company because I sent some information to him including a picture of one individual and despite their claim to have lots of questions for me and wanting to find out more, once I sent the picture showing one of the principles, I never heard from them again. I also belive it was that individual who was complainging to the British message board moderator in having all posts regarding WER removed. One of the reasons I believe they did that is with the advertorial, and the "listing" of the company on the Frankfurt unregulated side of the exchange, they are planning a blitz in the UK. They are also sponsoring an award at a March 2011 reception for green technology.

If you looked at the original listing of the board of directors the company put out in several releases, not one person had a business or educational affiliation mentioned. In other words, if you wanted to check out the credentials, you could not do it. I did find a picture of Mario Delecce and Basil Barouki on line and it was of two individuals, quite young, taken in Sydney, Austalia. When I brought that point out, the picture vanished. I am beginning to feel somewhat like a magician because when I mention something, it vanishes!

In numerous press releases much was made of how proud WER was to have Mario Delecce selected as a keynote speaker to the Andean Energy Summit held in 2010. He never spoke according to the organisers. Basil Barouki was also touted as being a keynote speaker at the January 2010 summit held in Abu Dhabi but his name was not on the list of speakers. And after telling the world how proud WER was because these two were asked to be exclusive speakers, the company then turns around and says it was a mistake they were named in press releases because they were never in fact, on the company management team. Another dissappearing act occurs and the Team portion of the WER website is down with a statement saying they are reorganising.

There is much here that does not add up.

One of their main employees is Chad Eugene Willis, yes the same fraudster from Michigan and Cabo San Lucas, Mexico who has left a trail of victims.  From mortgages to complex loan scams to oil and gas.  Willis worked for Seisma Oil Research which operated out of Costa Rica even though their office stated they were in Boca Raton, Fl.  They eventually relocated to the Carribbean before the SEC shut down their puppet managing partner, Justin Solomon.  Solomon and to some extent, Willis, are pawns in this company's scheme.  They are run by thugs from NYC/Jersey with teams of lawyers that are prepared to shut down and start up duplicate companies in countries with lax extradition treaties. They honed their boiler room trade in the 90s before the SEC and later FINRA pushed these fraudsters overseas. They have salesmen working in various boiler rooms and contract out "loaders" to independent contractors from Thailand to Spain.  You would be crazy to invest with anyone who contacts you via a "cold call". If it sounds too good to be true it is.  Your Dad's money is gone, he needs to research Seisma Oil Research immediately and find the attorney working the case for the US's SEC.  I'm sure they would like to know that they are still in business just using a different name in yet another country.

Hi there,

Do you have any other information about this company? What type of investment had your father made? Have they paid out any returns?Do you still think this is a scam?