Core Gold DMMIF

Witnessing corporate fraud

[The_Alchemist]

In my opinion, I would like to think that the regulators were trying to build a case, but I think it’s more of the opposite.  The regulators hoped Cores corrupt directors and management wouldn’t be so stupid as to try and commit fraud with the spotlight now on them... the regulators probably thought:  “Ok, nice try guys. We get it, but now that you had your hand slapped, don’t do it again.”

But now the BCSC is probably annoyed that these arrogant creeps won’t accept that they’ve been caught, and aren’t fooling anyone with their transparent lies, and now they BCSC is forced to act, not because they want too, but because these incompetent white collar criminals are drawing too much attention.  Deals of this nature aren’t all together uncommon, but the fraud is done with more class and finesse that shareholders can’t muster up enough evidence to defend themselves.  These fools left a paper-trail for the past two years, with constant contradictions in their own public statements..It’s actually embarrassing as much as it is frustrating to watch.

If the BCSC doesn’t deem the merger unfair and unreasonable they would be as liable for monetary loss to shareholders in court, as Cores Golds directors are now for breach of fiduciary duties.  It’s in the BCSC best interest to stop the merger.  They already have a BC Supreme Court ruling to go on, so they would be going out on a limb if they didn’t agree with the ruling.  I’m just praying that they rip the bandaid off all at once and sanction these criminals, and recommend criminal charges to the RCMP.  Or maybe we’ll have to wait a bit longer for actual justice.

All my opinions 

The Alchemist