OTCPK:TOUBF - Post by User
Comment by
draxteron Dec 15, 2011 1:56pm
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Post# 19325829
RE: What is going on?
RE: What is going on?Let's say hypothetically that the OSC never halted the stock, but the IC and it contiued to investigate the stock. Several months go by, and then the hammer falls...the OSC and the IC discover significant fraud (again, this is hypothetical), how do you think would investors react if they found out afterwards that the OSC knew all along that there was fraud but did nothing to protect investors from purchasing shares in a firm that it thought was a fraud...Would the OSC be doing its job then?
Seems to me that no matter what, the OSC would be blamed...
Look at the root cause...bad management that made it so easy for shorters and the OSC to target them. I'm not a fan of the OSC, it has LOTS of room for improvement, but their hearts are in the right place, especially knowing that no matter what they do, people would cry and complain. I admire them for not bowing to pressure and for continuing to investigate and ask difficult questions. The kind of questions that 99.9% of TSX listed firms would be able to respond to without needing to trike a special committee...