I'm surprised the court hasn't thrown this out a year or more ago..... Lawyers always have a way of skiming every situation... delay, deny delay, deny a means to collecting fees for every minuit of involvment.

Mr Pissant actually attempted to take over WEL back in 2007, and thankfully was unsuccessful. Look at the news releases on the wildcat website.

This is one worth reading...LOL

March 29, 2007

Heres a couple of the winners!

FACT: More than a week before the publication of the dissidents' circular, Prizant's lawyers were contacted by PricewaterhouseCoopers LLP as they continued their investigation of his activities while CEO. To date, Prizant has not responded to requests for an explanation of his questionable activities.

FACT: The investigation has found numerous double payments for expenses claimed by Prizant and a number of related party transactions which were not disclosed to the Board or approved by it.

FACT: Without Board approval, Prizant loaned Wildcat $250,000 - significantly less than the amount he claims - at a time when the Company was well financed and did not need a loan. He then arranged for repayment of a portion of the loan by way of Wildcat shares, further diluting the interests of other shareholders. He negotiated this transaction with himself and without Board approval.