RE:RE:Some ThoughtsThey did pay a lot for the assets that is true...but they did this to get an extra $4.5 billion worth of growth opportunties that WGL had in their pipeline, providing a nice 50% growth rate from what they paid. Stocks bounce around all the time....It was at $50 it was overvalued, and now at $23 its undervalued. You get paid to wait, thats what dividends are for, relax soon the bridge loan will be gone and we will back to $30 in Q1.
"management is a bunch of crooks and criminals that did a bunch of insider trading"
I see insider trading on every single stock out there. It should be illegal but the regulators do nothing, its a big Canadian problem. Look at this story from today , it took them 13 years...They are useless!~!!!
BCSC collects Dabney's fine, 13 years later
2018-09-13 09:54 ET - Street Wire
by Mike Caswell
It took nearly 13 years, but the B.C. Securities Commission has finally collected the $30,000 fine that it imposed on Vancouver's Raymond C. Dabney. The BCSC had cited him for several misleading news releases issued by Xraymedia Inc., which was once listed on the OTC Bulletin Board. To settle the case, he agreed to a five-year ban and to pay $30,000, but until now he had not paid the fine.
It is not entirely clear why Mr. Dabney has finally paid the BCSC. It could, however, have something to do with collection efforts that the BCSC undertook earlier this year in the Supreme Court of British Columbia. On Jan. 5, 2018, the regulator filed a case in which it sought a court order for the unpaid amount, plus interest. A court order would have enabled the BCSC to pursue any assets that Mr. Dabney held, such as real estate or shares.
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It is also possible that having an unpaid fine was incompatible with Mr. Dabney's present position, as president of an OTC Markets listing, Cannabis Science Inc. (last at 4.6 cents). The company frequently issues news releases (about one every week), most of which tout its efforts to develop cannabis products for medical purposes. The company's website describes Mr. Dabney as having considerable experience running public companies and mentions an industry award that he received.
The company's website does not mention Mr. Dabney's troubles with the BCSC, which go back to 2003. The regulator said that between March and September of that year, Mr. Dabney had Xraymedia issue 22 news releases that implied it would sell large amounts of a $1.1-billion media inventory through an Internet marketplace. The releases further claimed that the company would generate significant revenue and profits from the sales.
As it turned out, none of this was true. Xraymedia did not own any of the items that it had listed for sale and it sold almost nothing. The company had also claimed that it would receive artwork as payment for commissions on the sales. The artwork, however, was only worth a fraction of its purported value and was in the possession of a U.S. man who refused to provide it to Xraymedia. As far as the BCSC was concerned, the company had no revenue or profits, contrary to the claims in its news releases.
Mr. Dabney did not contest the BCSC's case, settling the matter without a hearing on Nov. 15, 2005. As part of the settlement, he admitted to the allegations and agreed to a five-year ban from trading and from serving as an officer or director. He also agreed to pay the $30,000.
For Mr. Dabney, the payment to the BCSC resolves just one of his outstanding legal issues. He still faces a lawsuit from a Port Moody man, James Scott Munro. That case, dated Jan. 2, 2018, alleges that Mr. Dabney defaulted on several business and personal loans. Mr. Munro said that his losses amounted to at least $4-million. Mr. Dabney has not responded to that suit, and the matter has yet to go before a judge.
For the BCSC, the collection of Mr. Dabney's fine represents a very minor victory. The regulator's records show that there are still 375 fines that remain unpaid. These range from small amounts, such as the $15,000 that Brent Pierce agreed to pay in 1993, up to larger figures, such as the $10-million sanction that the BCSC imposed on Thal Poonian in 2015.