Sprott Resource Corp Ord SCPZF

RE: Any Rumours

[jonesrj]

The existence of a corporation has nothing to do with the TSX. The TSX cannot dissolve a corporation. However the TSX can decide on wether a corporation is listed on the TSX. I would assume that in essence we may be being threatened into being demoted to the Venture exchange. At the very, very worst, we could be demoted to the pink sheets. Regardless of what the TSX does, your stock certificates or shares are still your shares. The value of the fractional ‘ownership’ is still the same. This whole thing is stupid. TSX’s bureaucratic edicts on how our money is to be apportioned assumes that they know more about what is best for out company that our management does. Actually I don’t understand the problem. It just seems like an idiotic hoop we must jump thru to fondle these TSX idiots. Buy the way, this whole SPC creation was simply an express rout to a TSX listing. Route #1. Start a corporation, list on the Venture, then screw around for years to get listed on the TSX. Route #2 Buy out a corporation already listed on the TSX. Sprott, and the others, spent a lot of money to go route #2. SPC is not going to go away quietly. Buy the way, under the laws of British Columbia, each corporation has a number. Technically we exist as something like BC123456 Ltd. We have the OPTION by paying a little extra money to also be known by an alias name, such as General Minerals. That alias name can be easily changed something like Sprott Resource Corporation. The stockholders may change. The directors and officers may change. The name may change. However BC123456 Ltd is still BC123456 Ltd. As long as the annual officers list is maintained. Only British Columbia (BC) can terminate BC123456 Ltd. The act of BC executing BC123456 Ltd would be as serious and rare as BC executing a person. By the way, in the USA, the US Supreme Court has judged that a corporation is a person, with all the rights of any citizen. Because slavery is illegal in the USA, you cannot own another person. This means that you cannot own a corporation. However, you can own it’s stock. RJ