RE:RE:RE:RE: FOGHORN! Roboreply from tsx. How exciting!
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Even more exciting, the auto robo reply that never goes anywhere .....
They responded ONCE to my inquiry directly surrounding the annual meeting fiasco to let me know, directly, that they can't/won't/don't do anything unless I can soecifically cite the section of the securities act that is in violation and provide proof. Nothing outside the act and no, they don't really follow their own, much broader, mandate, because they don't have the tools or resources or authority or whatever lame story I got.
Thank you for contacting the British Columbia Securities Commission. Your questions and concerns are important to us. We will get back to you as soon as possible and will respond to your inquiry directly or refer it to the appropriate agency.
Meanwhile, from their own website, the mission statement has been tweaked over the years, but it's essentially the same. It's a little more slippery, watered down language from historical hints of action being taken, and maybe even a hint of proactive rather than complaint based.
The British Columbia Securities Commission’s mission is to protect and promote the public interest by fostering a securities market that is fair and warrants public confidence, and a dynamic and competitive securities industry that provides investment opportunities and access to capital.
So, apparently, filing statements on time and holding annual meetings in a timely manner, and explaining simply why the auditors wouldn't sign off, and referring to a MCTO as having been "granted" as if it was applied for, welcome, and awarded somehow, none of these things, plus so MANY others is any concern to the government body concerned with "protection and promoting the public interest". Huh ??? If they don't do anything to protect the public and the integrity of capital markets, they should be fired and the responsibility handed to the OSC. Who can be horrible, but at least they try. Maybe that suggestion is why they don't reply? LOL. Total waste of taxpayer money to fund an agency that does NOTHING.
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