West High Yield (W.H.Y) Resources Ltd V.WHY

RE:RE:RE:Might be time for the TSX.v to look inward

[OnlyReality]

Regardless greed blinded some people.  IIROC's role is not to protect people from poor decisions.  Having said all that, the authorities are doing a remarkable job at proving the vulture is a joke.

It is true that investors have no babysitters and there is always risk of being scammed. That is life in the fast lane. Now with that said we are supposed to have "cops" then can limit these actions. Just like police on the street will tell you that they can not stop all crime and you are at risk, but they do not sit in the doughnut shop eating while a women is being raped at the next table and say "It sucks to be you. Maybe you should not dress so sexy next time"

Cops on the street can detain you for 48 hours with no charges laid if something smells bad. This gives them time to verify things are ok. Our regulators are no different. They can halt a stock if things smell bad and hold it for 10 or more days with no other justification other then they are seeking clarity. This in itself is a safeguard. In that time question can be asked which would show to most that something is wrong...but they did not do that. They just let it trade on an outrageous  new release and then halted it after the criminals had scammed their booty. Their message to the criminals today was "See how easy we make it to rape Canadian investors? Enjoy your loot and do come back soon with a few of your friends.

I am disgusted with our system as I have been for decades. It needs a complete overhaul but do not hold your breath waiting for it to happen. The people that are pulling the string are not really all that much better than the scammers themselves