RE: 222 not in this life time"WHO DO YOU TRUST? WHO IS REALLY ON YOUR SIDE?"
I trust the Alberta Securities Commission:
From Fountainofyouths earlier post:
ASC Cease Trades Global 8 Environmental Technologies, Inc.
Jul 31 2009
TheAlberta Securities Commission (ASC) has issued an Interim Cease TradeOrder against Global 8 Environmental Technologies, Inc. based on ASCstaff allegations that Global 8 engaged in an illegal distribution ofGlobal 8 securities and failed to meet mandatory deadlines for filingits exempt distribution reports.
The Interim Cease Trade Orderis in effect for 15 days and prohibits Global 8 from trading in anysecurities or relying on any Alberta securities laws exemptions. TheASC has also issued a Notice of Hearing in which ASC staff allege that:
between2003 and 2009, Global 8 illegally raised in excess of $19.5 millionfrom more than 950 Alberta investors without registration, a prospectusor appropriate exemptions; and
Global 8 failed to file its Reports of Exempt Distribution within the time required by National Instrument 45-106 Prospectus and Registration Exemptions.
Thenext appearance is scheduled for 9:30 a.m., August 14, 2009 in the ASCHearing Room on the 6th Floor, 300-5th Avenue S.W., Calgary, Alberta.At that time, an ASC Panel will consider extending the interim order.
Copies of the Interim Cease Trade Order and Notice of Hearing are available at www.albertasecurities.com.
TheASC is the regulatory agency responsible for administering theprovince's securities laws. It is entrusted with fostering a fair andefficient capital market in Alberta and protecting investors. As amember of the Canadian Securities Administrators, the ASC works toimprove, coordinate and harmonize the regulation of Canada's capital.
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For further information, please contact:
For Media Inquiries: Mark Dickey
Senior Communications Advisor
403.297.4481
For Investor Inquiries: ASC Public Inquiries
Toll Free 1.877.355.4488