Cui Bono?"KWG Resources Inc. has been requested by staff of the Ontario Securities Commission..."
So begins the KWG press release of 16July2021. Seriously OSC? Matters of public record, as published on SEDAR, must be retracted by the company? The ‘so-called’ unreliable statements date as far back as 2008, 2010, 2011, 2013, 2014 and 2018. Given the passage of time, no case can be made that the OSC staff demand provides any "protection to investors" nor does it contribute "to foster fair, efficient and competitive markets", its mandate as trumpeted on the OSC website.
It would hardly qualify as a conspiracy theory to see a pattern of behaviour by the OSC that is abusive of its authority. Rather, it suggests an orchestrated campaign to undermine the public's understanding of the depth and scope of the resources in the Ring of Fire. KWG potentially has a critical role in providing egress for whatever future mineral extraction occurs in the Ring of Fire.
Which brings me to wheelsonthebuss. It is reasonable to assume that the most recent 'request' by the OSC was driven by a whistleblower. The question is by whom? It can't be wheelsonthebuss. No orchestra is going to hire a conductor who can't read music. Whoever dreamt up the genius insight that an engineering design feasibility study to build a railroad shouldn't be called a feasibility study if it implies it might make adjacent inferred or measured but unowned mineral deposits viable, is clearly a sophisticated individual with broad knowledge and experience in the capital markets. Could the whistleblower be a possible bidder looking to suppress the price of a potential takeover target?
Whatever the answer, these are not qualities one would readily attribute to wheels. It takes a special kind of intellect to constantly undermine and belittle a company in the ROF upon whom the increase in the value of your investment could rest. Wheels, braveheart and even NOT have consistently dismissed the significance of KWG to their own impairment.
The real question is, cui bono? (Latin, wheels, meaning "to whom is it a benefit?") Perhaps the OSC could more closely serve its mandate by answering that question!