RE:RE:Kal Malhi is a liar ChinookGeo wrote: At least you got a response from Kal. Since August last year I have been multiple emails, followups and messages with zero responses. My complaint with BSC came back with zero assurances they would look into my complaint. Were more interested in standing up for Bullrun and stating they were within rights and asking me to do more work. What does a regulator actually do? This is the problem with these outfits. None of them care about anything tied to investors except getting your money. This has been a devastating lesson for me going thru the Amercia Petrogas till now. My mistake was I used my TFSA trading account for GRO. Someday... these guys will be forced to answer for their decisions. Until then I will be watching and waiting.....
I'm with you Chinook... been here since Americas Petrogas as well. What a ride... all downhill.
Here's all I got back from BC Securities... makes 'em look like choirboys! :
"Thank you for sending your complaint about GrowMax Resources Corp. (GrowMax).
Trading halt The decision to halt trading of the securities of GrowMax was made by the TSX Venture Exchange (TSX-V). GrowMax is still a listed issuer at the TSX-V. You need to contact the TSX-V to enquire about the trading halt.
Fiduciary duties You commented that Kal Mahli’s interests were placed well and above those of ordinary shareholders. This is a fiduciary question that falls outside of the purview of the Securities Act. As your allegation is civil, we are unable to offer any further assistance. On January 28, 2020, GrowMax filed its Articles on SEDAR. You may wish to consult that document. As a shareholder, your rights and recourse for a director/officer’s breach of fiduciary duty are set out in the
Business Corporations Act, SBC 2002, c.57.
Disclosures by GrowMax At this time, there is no evidence that GrowMax, as a reporting issuer in British Columbia, has not complied with its continuous disclosure obligations.
- GrowMax has given updates in news releases, material change report, and quarterly reports up to February 6, 2020. You can review those filings by visiting SEDAR.com (https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00025013).
Its 2019 annual audited financial statements are due at the end of April, 2020. In light of the pandemic, there is a blanket allowance to reporting issuers of an additional 45 days beyond due date to file financial statements.
- GrowMax disseminated news release on September 16, 2019 and December 10, 2019, addressing the change of business transaction, and clarifying non-arm’s length investments.
Specifically, on September 16, 2019, GrowMax clarified:
- GrowMax has filed its quarterly reports on time. In the MD&A that accompanied its Q3 quarterly report, GrowMax disclosed its investing activities during the nine months ending September 30, 2019. It invested $4.7 million in the following companies:
| Issuer | Issuer Status | Investment during the nine months ending September 30, 2019 | Remark |
| Quality Green Inc. | Ontario;
non-reporting | $3,025,000 in 5.5 million units of the issuer’s common shares and warrants | Distribution made on July 2, 2019, as per Form 45-106F1 filed with the BCSC |
| Sweet Earth Holdings Corporation | British Columbia;
non-reporting | $250,000 in 1.25 million common shares | Distribution made on August 15, 2019, as per Form 45-106F1 filed with the BCSC |
| HempFusion, Inc. | Colorado;
non-reporting | $386,000 in 240,000 units of the issuer’s common shares and half-warrants | Distribution made on August 13, 2019, as per Form 45-106F1 filed with the BCSC |
| First Responder Technologies Inc. | British Columbia; reporting | $1,050,000 in 3 million units of the issuer’s common shares and half-warrants | Distribution made on August 9m 2019, as per Form 45-106F1 filed with the BCSC |
GrowMax also explained that it spent $3.1 million in G&A and $6.4 million to return capital to shareholders, and incurred a $1 million foreign exchange loss on US-dollar denominated financial instruments."