RE:RE:RE:Life Changing Technology theNorm wrote:
At ceo.ca bihicellow and Graham wouldn't be tolerated. Their posts would be flagged as misleading, inappropriate etc. I forgot something important @ joining. There are new owners but I think the following still applies: pay the one time $5 for expedited approval or risk waiting months for processing. Cheers
Not too worried about a bunch of promoters that pat each other on the back to reinforce a narrative that has been playing 10 years with Zero sales.
Now for you, you are playing in a dangerous sandbox, IMO, clearly misleading investors saying that VPT has NICE approval, when this is blatantly untrue.
You should know, misrepresenting has consequences Norm.
"We are issuing this notice to illustrate some of the specific problems we are seeing and reinforcing our commitment to ensuring that promotional activity by, or on behalf of, issuers remains balanced and not misleading. Although our examples specifically relate to activity we are seeing in the venture issuer marketplace, our expectations regarding disclosure and promotional activities apply to all issuers.
III. Activities of concern
The following are examples of promotional activities that may potentially be misleading:
CSA Staff Notice 51-356
Problematic promotional activities by issuers
1
We will also be undertaking a separate project to analyze the impact of activist short sellers on the Canadian capital markets.
• disseminating presentations, marketing materials, social media posts, or other information that describe early- stage plans with unwarranted certainty, or make unsupported assertions about growth of markets or demand for a product;
• issuing numerous news releases that disclose no new material facts;
• compensating third parties, who use social media and general investing blogs to promote issuers, but do not
disclose their agency, compensation and/or financial interest;
• announcing an issuer name and/or business change to reference an emerging industry or technology such as block chain, cannabis, battery minerals, or cryptocurrency without a supporting business plan or comprehensive risk disclosure;
• announcing a positive event such as a large acquisition then subsequently changing or cancelling the transaction with no announcement. In addition, the initial announcement sometimes fails to disclose material conditions necessary to complete the transaction such as financing or due diligence, and the issuer sometimes fails to file corresponding material contracts or material change reports; and
November 29, 2018 (2018), 41 OSCB 9357
Notices
• disclosing details about mineral projects that:
o suggest without direct evidence from sampling or exploration, that a property holds high potential for development including production. For example, including photos of assayed core beside new core, to imply mineralization prior to third party verification;
o rely on projected peak versus long-term commodity prices; or
o imply that a property holds a specific fair market value without a feasibility report.
The above list is not exhaustive. Other behaviour that appears to be misleading will raise similar concerns and may result in regulatory response."
https://www.osc.ca/sites/default/files/pdfs/irps/csa_20181129_51-356_problematic-promotional-activities-issuers.pdf