This story starts at the point where Mr. Waathiq approached a potential investor at an unnamed company. This potential investor and his company had no prior relation to Mr. Waathiq other than that the domestic partner of the founder and managing director of the company was contracted by Mr. Waathiq to work for Advanced Technology Publishing as the managing editor. When she (the managing editor) mentioned to Mr. Waathiq that her partner might be willing to invest in Advanced Technology Publishing LLC because she had discussed the business and its potential to her partner. Mr. Waathiq approached the company to learn that the company and its founder was indeed interested in learning more about the company to assess whether it would be a good investment.

Mr. David Waathiq claimed to own 90% of Advanced Technology Publishing LLC and that he had a junior partner, Genie Z. Laborde of I.D.E.A. (where it was later discovered that Mr. Waathiq is or claims to be the vice president) who owned 10% of the business. Mr. Waathiq wrote that Genie Z. Laborde's investment would be easy to recapture for a small amount of cash. Mr. Waathiq provided a rough estimate made by his former partner in the company that looked good but not over the top and wrote that he needed a partner to handle engineering and technical matters and indicated he would like such a partner to be the President and CTO. Mr. Waathiq valued the company at $50.000 based on his former partner's calculation and claimed that Advanced Technology Publishing LLC would grow 10 times that value in the first year. Mr. Waathiq also wrote that they had already tapped out their initial investment in the company (which was said to have come from Genie Z. Laborde). In return for new investment money Mr. Waathiq offered the potential investor a 30% return on the investment within 6 months, secured by legal assignment of Advanced Technology Publishing's receivables. Supposedly, according to Mr. Waathiq, he had already secured an additional $25.000 once Modern Surgeon, a publication of his company, was launched.

Mr. Mujaahid Waathiq went on to claim he needed $7.500 "now" to keep the business going or would otherwise be forced to freeze all operations. The offer put on the table by Mr. Waathiq was a 25% position in Advanced Technology Publishing in return for a cash amount of $10.950.

While all this did sound fairly decent to the potential investor a series of communications were initiated to work out the actual details. Given the businesses and activities of the potential investor there was no interest in taking on any active roles as President and/or CTO but voting rights were discussed. Mr. Waathiq was very accommodating in promising to meet any and all requests made by the potential investor regarding rights and stakes. A week into these communications the story of Mr. Waathiq changed because all of a sudden there were two partners in Advanced Technology Publishing, Genie Laborde for 10% and [name removed] (the misrepresented Treasurer of Advanced Technology Publishing) for 10%. With 90% being claimed by Mr. Waathiq himself that made for a whopping 110%. Mr. Waathiq, at that point in time, guaranteed a 30% return on investment (ROI) over a 3 year period. So while the percentage of the company increased by 10% the ROI went from 6 months to 3 years. After examining the details the Waathiq-Watch Web-Team considers the math to have grown increasingly faulty but more than that, increasingly fishy.

Mr. M. D. Waathiq insisted that $7.500 was needed "right now" in order to continue the business. A request that the potential investor did not fall for and as we were told the potential investor considered the amount too small to be of any significance and that any CEO that owned a 90% stake in a company like Advanced Technology Publishing, and more than that believed in its missions, would happily and easily put up that amount to keep the business running. At the time the potential investor did now know that Mr. Waathiq filed for bankruptcy many times and had a list of creditors that would put a small country's deficit to shame. Considering that Advanced Technology Publishing is just another company in a long line of failed fraudulent ventures by Mr. Waathiq it is clear that Mr. Waathiq would not desire to invest any money into a venture that was created primarily with the intention of receiving and/or making money.

Mr. David Waahtiq sent several documents, including the financial statement (or what had to pass as a financial statement but was in fact an outdated fabrication) of the company but the potential investor found that a single $7.500 cash transaction would not put Advanced Technology Publishing on the road to a prosperous future. Eventually a 6-figure amount was decided upon as being a good investment that would fit the criteria and structure. Mr. Waathiq offered a 5% ownership for that with a 30% return within one year. The Waathiq-Watch Web-Team clearly senses that this deal is starting to get worse as time goes on and while communication becomes dense and obfuscated by Mr. Waathiq. After reaching agreement on the amount Mr. Waathiq went back to writing about his 90% ownership and the 10% ownership of Genie Laborde. All of a sudden Mr. [name removed] lost his 10% as fast as he had gained it??? Mr. Waathiq also mentioned they had found a new IT Director who held a small amount of equity, retained at $1.500 per month, but with payment to commence after Advanced Technology Publishing got on its feet. We're certain this IT Director didn't see that happen or got dimes on the dollar at best if he applied any leverage he might have had.

Mr. David Watiq asked if the potential investor could write up an informal letter of intent so he could use that to pry other investments or banks to front the money he needed "now" in order to get the business rolling instead of being forced to freeze operations. The potential investor provided such to Mr. Waathiq.

During the process of communication and exchange of documents by e-mail and fax Mr. Waathiq wrote to the potential investor that any short term money problems were solved because Mr. Waathiq pulled funds together from his pension plan even if it came at the expense of having to incur penalties on doing so. This money was supposed to be used to pay off contractors of Advanced Technology Publishing. As it turned out, many of them were not getting paid the agreed upon amounts, went on without payment for extended periods, had previous agreements and amounts disputed by Mr. Waathiq, or were repeatedly issued bad checks drawn on the account of Pauline Waathiq, Mr. Waathiq's wife. We know now that during this period in which Mr. Waathiq claimed to have secured the money he and his wife again issued many bouncing checks to contractors of Advanced Technology Publishing. We have to conclude that Mr. Waathiq had been obfuscating and lying about this pension fund, the payments that would clear, and that things were all right now for the short term. They clearly were not. Of course, you can guess at the intentions Mr. Waathiq had and how a new investor would need to be kept out of the loop of such knowledge.

In the meantime Advanced Technology Publishing no longer had any online server that hosted their web site and contractors were unwilling to continue work for Mr. Waathiq. You can read about how leverage can be applied to Mr. Waathiq as a potential long-shot to getting paid.

The potential investor had already involved the accountant to start making preparations for a wire transfer of the agreed upon amount and requested that Mr. Waathiq would send the appropriate LLC documents, articles of incorporation, and the contractual agreement, so that everything could be passed through the legal hands and approved. Mr. Waathiq sent a lot of documents, some of which can be found here, and here, and here, but none of them were accurate reflections of what these documents were supposed to reflect. In fact, none of the documents pertaining to investor relations and investments were ever provided.. for a good reason; it would expose things about Mr. Waathiq and Advanced Technology Publishing that would not be to his advantage. Mr. Waathiq even attempted to pass off an application form as proof of registration with the Secretary of State in California. As you can see for yourself, his company never did register as a foreign entity in California and thus is an illegitimate business in California given that the LLC itself is registered in Delaware. When Mr. Waathiq was questioned about that he claimed that all that was needed was this document and the others he sent and that the Delaware LLC certificate was the only relevant document that stood as the articles of incorporation. We strongly suspect Mr. Waathiq has never done any real business of any level if he believes that himself and is thus completely incompetent and unsuited to head up any venture or business or Mr. Waathiq is just way too obvious a con-artist with fraudulent intentions. You can judge for yourself which of the two categories you would place him in (our web forum membership have held a poll and the outcome leans with 99.9999% towards con-arist as opposed to just merely incompetent).

Mr. Mujaahid David Wattiq also provided the requested company account information for the wire transfer of the investment. The obvious thing here being that it was an account number that the local branch of the bank confirmed as being a private/personal account of none other than PAULINE WAATHIQ ! What better way than to take the money and run than to have it wired to your wife's account while attempting to not be liable due to the nature of an LLC construction with the added protection that other officers of the company, Genie Laborde and [NAME REMOVED], could be held accountable for any fraudulent activities conducted in the name of that company by one of their fellow officers. Anyone associated or in business with Mr. Waathiq is constantly exposed to such risks whether they are aware of it or not. When Mr. Waathiq was confronted with this strange and fraudulent use of a personal account for LLC business matters he attempted to describe this as irrelevant and that the company would soon have a real business account at a bank in San Francisco (we wonder how, given that the company has never been registered to operate from out of California). More lies by Mr. Waathiq, clearly.

When the potential investor discovered the history of Mr. Waathiq and a load of other factual information and details the investment was never made and Mr. Waathiq attempted to blame various other unrelated individuals and/or parties and claimed that certain legal suits filed against him were dismissed (when in fact they were not because the parties that sued Mr. Waathiq had won their cases).

The potential investor told us that anyone who had even the slightest interest in investing in any business relating to Mr. Waathiq would be better off not taking the risk and are far better off not wasting their time and considers himself lucky of not being forced to become yet another creditor on the long list of people who Mr. Waathiq owes money to.