Here is some information and an example...of what sort of reply you might expect. This from a long series of information exchanges. The end result: well this was back months ago, and we all know how things have progressed. Thus the reason I have said, post away, I think it a good idea for recording having informed. Which I have done, both with Lawyers and various Gov. Agencies. BUT do I expect anything: well you be the judge - truly laughing my as* off...... it is so what you would expect from the Canadian Authorities. Not much, or nothing it appears to me. You judge:
Gold Mines Ltd. (High River Gold).
As we explained in a previous responseOctober 10, 2008, the OSC’s statutory responsibility is to administerand enforce Ontario securities law, which includes regulations relatingto abusive or manipulative trading. We also pointed out that theOSC has recognized the Investment Industry Regulatory Organization of Canada(IIROC) as a self-regulatory organization. IIROC regulates operationsand standards of practice for debt and equity marketplaces in Canada.
At that time we forwarded your concernsto IIROC on your behalf and we are aware that you received an acknowledgementfrom IIROC that they were reviewing your concerns. They are the appropriateregulator to review your allegations of manipulative trading and any furthersubmissions alleging further manipulation in trading of High River Goldshares should be sent to them directly. Your concerns may be e-mailedto inquiries@iiroc.ca. To expedite your matter I have again takenthe liberty of forwarding a copy of your concerns directly to IIROC bycopy of this exchange of correspondence. However, we expect thatany future concerns you may have about potential market manipulation willbe sent by you directly to IIROC.
Like other enforcement agencies, neitherIIROC nor the OSC may disclose the existence of any investigation or commenton any ongoing proceedings, so you may hear nothing further in regard tothese complaints.
If you have any evidence of any potentialbreach of Ontario securities law other than market manipulation, you arewelcome to submit it to the OSC for review. It is important to recognizethat regulators act on substantive evidence of a breach of the regulationswe administer. Chat room musings and speculation and suppositionabout the motives of market participants do not constitute substantiveevidence. Further, we have no authority to regulate matters whichlie outside securities law, such as matters governed in corporate law.
Sincerely,
Jeff Fennell
Senior Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
What this means, by the way is this. We are in charge of manipulation, but prove it to us, and we will do something! As for valuation, treatment of shareholders etc etc. I feel the ONLY thing that is going to have any effect is a class action law suit. This requires just a bit more rope, in my opinion, and probably might well take place after their next moves, if I see things correctly. Just my opinion of course.
Hey: everyone send Jeff an email!! See how many form letter combo's he can come up with. LOL