The Cortellazzi Consortium

September 1, 2007

The Shields

Filed under: Uncategorized — 18montecristo67 @ 2:29 am
Tags: , ,

Running a well orchestrated scam requires some external assistance. The Main Players in our study have rather dubious past histories. They compensate by using relatively unknown persons as fronts, willing participants with some credibility or better yet someone who has a reputable past which can be used to their advantage.

These are the Shields.

Here’s the story of two Shields, Dr. Joel Fournier and Melson Liao, one more fortunate than the other.

Dr. Joel Fournier

In April 2006, UMining operated under a different corporate identity, it was called Globex Inc. and at that time it’s focus was Ethanol:

“This investment is a critical first step in Globex’s new corporate strategy to become a player in the high-growth ethanol industry. Globex’s goal is to capitalize on the rapid rise in the demand for ethanol that is being driven by the energy bill passed by the US Congress last year.”

In July 2006, Globex Inc. announced it was going to change it’s corporate identity to reflect more accurately it’s commercial enterprise:

“Globex has resolved to change its name in order to better reflect its current business operations. Its attorneys are preparing the necessary documents to file for the name change with the Secretary of State of the State of Nevada. In addition, the Company is in the process of developing a new corporate website, which should be completed by the end of the month. A temporary flash page may be accessed at: ”

A short time after, Globex announced that ” its two resident PhDs ” had discussed the Ethanol process at an important convention:

“Globex also announced that its two resident PhDs discussed this new hydrolysis method related to bioethanol production with industry experts at the third annual World Congress on Industrial Biotechnology and Bioprocessing, held July 11-14, 2006 in Toronto, Canada. For further information on this event please visit:”

Then a rather interesting event occured, GLXI launched an email spam promotion campaign which lasted from July 2006 to October 2006.

Just as the email spam campaign began, a pivotal announcement was made by Globex. The announcement concerned the appointment of a Canadian ethanol expert, Dr. Joel Fournier, Phd .


“NEW YORK, NY — (MARKET WIRE) — August 15, 2006 — Globex, Inc. (PINKSHEETS: GLXI) is pleased to announce the appointment of Dr. Joel Fournier, Ph.D., MBA as President, effective immediately following the resignation of Mr. Ernest Cartwright. After devoting about 60 years of his life to work in the business community, Mr. Cartwright has decided to retire and spend quality time with his family at his ranch.

Dr. Fournier will continue to function as the head of the Research team for Globex’s ethanol pre-treatment technology. His primary objective is to form a strong Research and Development and Management team for Globex in order to execute its corporate growth strategy. Dr. Fournier’s strong scientific and business background is a definite asset to Globex and thus he will be a vital part and the foundation of the Company’s research and management team.

Dr. Fournier brings a wealth of scientific and management experience to Globex and is a proven Director of several companies with a dynamic and focussed leadership style. Dr. Fournier currently sits on the Board of Directors of several privately owned and public organizations, most notably holding the position of Director of the Centre of Chemical Process Studies of Québec (CEPROCQ) since January 2000. This Montreal-based contract research & technology transfer centre specializes in chemical process engineering. Twenty-one employees execute over twenty contracts annually in industrial chemical process for its clientele. Since Dr. Fournier’s appointment as Director of CEPROCQ, it was granted an $8 million budget for an expansion project within a public-private partnership initiative.

In addition, as an internationally recognized chemist, Dr. Fournier has advanced expertise in alternative energy production. Furthermore, Dr. Fournier has more than five years’ experience as an electrochemical researcher at the National Research Council of Canada. Author of over twenty scientific publications, and three patents, Dr. Fournier holds a Ph.D. (chemistry-physics) and post doctorate from the INRS Energy & Materials Institute. He also completed an Executive MBA at Université du Québec à Montréal (UQAM).”

In October 2006, Globex even went out of it’s way to purchase advertising space in a leading periodical and have Dr. Fournier answer questions.

Thereafter, Globex issued a series of vague press releases concerning the acquisition of Ethanol permits in Brazil. It was at this time (October 2006) that Dr. Fournier’s name was mentioned for the last time in a Globex Press release.

Suddenly, in January 2007 Globex announced it had received take over bids and then began to announce it had gone into uranium mining (hardly one of the more environmentally friendly activities).

All was quiet until February 2007, when a former shareholder began posting concerns about Globex on an investment Message Board in regards to the Globex administration or lack thereof:

Posted by: pinarello
In reply to: None
Date:2/23/2007 5:30:46 PM
Post #of 16115

What is the name of the CEO of Globex inc. ?

At this time Globex was promoting uranium and ethanol was just another page on it’s website, basically window dressing.

The question of Dr. Fournier’s absence was finally resolved in April 2007 when one of the message board moderators enquired directly from Dr. Fournier if he was still associated with Globex, the response was less than flattering :

Posted by: ICEMAN1CO
In reply to: None
Date:4/3/2007 12:31:32 PM
Post #of 12924


From : Fournier, Joel <>
Sent : Tuesday, April 3, 2007 9:34 AM
To : “Stock Devil” <>
Subject : RE: GLOBEX INC.

Dear *******

I’m absolutely not involve so far with these guys and I recomande every body to
keep far away from these swindler.


—–Message d’origine—–
De : Stock Devil []
Envoyé : 3 avril, 2007 10:49
À :

Hi Mr. Fornier, Do you still work for Globex Inc. or Umining Resources?


Faced with this reality, Globex (after it had changed it’s corporate identity to UMining) slipped a small comment in a May press release that Dr. Fournier had departed without any mention of when this had occured:

“In a footnote, Mr. Joel Fournier is no longer involved with U Mining Resources. Mr. Fournier is pursuing other opportunities, and U Mining wishes him the best. The Company will remain involve in green energy research.”

In short, Dr. Fournier had unwittingly been a shield for a stock promotion scam run by professionnals. When his usefulness was over they discarded him, however the green energy charade continues to this day with Bio-Diesel.

Melson Liao

Mr. Liao is another unwitting victim of Andrea Cortellazzi.

After a few paper projects in oil & gas, residential construction and a stock buyback, Mr. Cortellazzi began a venture with Melson Liao, a Chinese entrepreneur and manufacturer of botanical extracts .

On April 15, 2005, Mr. Cortellazzi’s Cort Dev had merged with Mr. Liao’s Botaniex:

“HOUSTON — CortDev, Inc. (BTXI: Pink Sheets), announced today that it has completed its acquisition of Botaniex, Inc. As a result, effective today, CortDev Inc. has changed its name to “Botaniex, Inc.” and the new trading symbol is “BTXI.”

Fortunately Mr. Liao had the foresight and good sense to ensure that a trusted ally was appointed as CEO.

A few months later, Mr. Liao had enough and managed to shed himself of Mr. Cortellazzi, in a very politely worded press release he described the business relationship as follows:

“Since April, 2005, when Mr. Liao and his then-private company, Botaniex, Inc., took control of the public company that is now traded on the Pink Sheets under the symbol BTXI, the company has been hampered with a consistent inability to effectively pursue execution of its business plan because of a fundamental impasse over certain strategic and related corporate issues as between the only two members of its board of directors, Messrs. Liao and Cortellazzi. While Mr. Cortellazzi’s contributions to the company to date have played an important part in the development of the company’s corporate identity and visibility, recent developments leave the company in a very strong position to move into an aggressive operational mode, take advantage of pent-up demand for its products, and exploit a variety of strategic international opportunities that it has been unable to effectively pursue to date. “Different people … intelligent people … can — and often do — have very different ideas as to how to succeed,” noted Mr. Liao. “What’s important within an organization is to identify and pursue a single path that draws upon the best of everyone’s ideas. Unfortunately, in the real world, some ideas are just too different … too conflicting …. to be reconcilable. When that happens, something has to give.”

Mr. Liao is by far one of the more fortunate ex-associates of Mr. Cortellazzi.

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