Stans Energy Corp V.HRE.H

RE:RE:RE:RE:RE:RE:Stan's going through OSC review process

[TrickyGame]

mrstockguy wrote: Disagree. Friend of mine who has a decent position in this emailed the OSC. There is no official comment but they did get response from the lead at the OSC. The lead. Not a regular staff member. I suspect there is more happening here. They haven't following protocol for over 5-6 years. For example, they were even obliged to povide updates every 30 days during this halt. They even stated that in their release. They didn't do that. They didn't have agm each year which is a legal requirement. They've acted like a private company for over 5 /7 years. Past is catching up with them.

I always thought how can they do this as a public company. No commincaation etc. Apparently OSC suggested to contact your dealer about this about some specific clause.

Management know this, and are trying to play dumb like they've been caught up with Covid. They haven't filed their papers in time which is a poor escuse.  this is the straw that broke the camels back. I suspect they have a full blown enquiry into their operations, and whether this is a real company now and their actions.

Do you really think it takes over two months for the OSC to approve a stock to go live.

Let's not forget on April 23rd 2020 the OSC enacted Ontario Instrument 51-102 Temporary Exemption from Certain Corporate Finance Requirements giving Ontario corporations an extra 45 days to file certain periodic filings on or prior to June 1st 2020.

The halt to Stan's Energy shares was arbitrary, unreasonable and legally questionable considering Stan's was within the 45 day extention period and according to the company no guidelines were issued by the OSC with respect to filing for the extention