RE: My take... as usual our great securities commission (i wish all of them were abolished and finished) has made a fool of themselves big time over here. they have absolutely nothing to go with and the letter from canaco is like a knife right in their hearts. what are they going to prove over here. they say the info was material. really. then why did the qualified ppl say it wasnt. plus they got a third party who said it wasnt material either. and plzz dont talk about the share price movement. share price movement in a junior company is always speculative. they have no revenues. one news changes it all and if the company loses flavor with everybody else then ppl just start selling. anyway biggest thing is none of the directors even profited from it. no one took advantage of "in the money" options. so what are going to get. there was no financial benefit. no one profited from it. and canaco has already done their due diligence. you cant put them at fault here.
so many times i see these securities commission dont act within their jurisdiction. They always try to take a small thing and make it into a BIG thing only to find later that they just made a mistake and made a fool of themselves. dont believe me guys. search for ppl comments of the stupidity of OSC in canada and what they think. you will find a lot of ppl say they should be abolished completely. what a waste of money. they never catch the ppl who are stealing. if somehow they do they can never recover the money. so what good are they? i say put every staff member on trial for not doing their job properly and make them pay for all the stupidity they have accomplished so far. one of the worst run associations ever. unjust, unfair and never cooperative.