DRV / MMG / George BrownLets try this again as it appears someone at Stockhouse seems to dislike the facts. This comes right of the BCSC Web Site:
2008 BCSECCOM 76 - Cease Trade Order - George A. Brown - Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
1 George A. Brown (Brown) has been an insider of Duran Ventures Inc. (Duran), a reporting issuer, since June 2003.
2 Brown has been an insider of MacMillan Gold Corp. (MacMillan), a reporting issuer, since September 27, 2001.
3 Brown has made changes in his beneficial ownership of securities of Duran and MacMillan and failed to file the required insider reports within the prescribed time.
4 Under section 164(1) of the Act, the Executive Director orders that Brown cease trading in the securities of Duran and MacMillan until:
1. he files the required insider reports completed in accordance with the Act and regulations, and
2. the Executive Director makes an order under section 171 of the Act revoking this order.
5 February 6, 2008
John Porges Manager, Compliance Corporate Finance
So I phoned and this order has not been lifted to date. So it is factual. But George A. Brown still remains the CEO of Duran and accordingly he cannot trade his shares. Well IMHO if you don't need to file an Inside Report what stops you from trading. I doubt a $50 sanction would be a hardship on Mr. Brown.
If you recall when MMG shut down they (George A. Brown) had or should have had about $7M in the till, which we were all told was earmarked for the NewCo. How long has that been now and surely someone with George A. Browns connections he could have picked up a Venture Cap. or other like shell and got to business.
Just to get the taste buds going in all your heads this beautiful Friday morning.
And Pinnacle toutes this DRV as a deal. Give me a break.