RE:RE:Message re: Cease Trade Order sent todayNo ESRESR.
Frankly, I didn't anticipate that I would.
Moreover, I don't expect the necessary filings to allow the company to re-list will appear any time soon, if at all, despite the content of the October 28. Corporate Update.
They have had at least since July to attend to all matters and acknowledge an extension was required on August 1.
.
This is not a large nor extremely complex company.
Anyone familiar with audit and filing processes can readily determine there appears to be much more than simple delays in document preparation driving the reasons for this Cease Trade Order.
Following is the content of my October 21, 2022 letter that may have been a factor leading to the company's October 28 Corporate Update.
Unfortunately; the letter does not format well on this website though anyone interested should be able to follow its content.
WITHOUT PREJUDICE
October 21, 2022
Please distribute copies to: T. Booth, Company Directors, Corporate Officers
This material is provided to ensure you/AUSA Corporation et al are aware of the intended filing of complaints to securities market regulatory and enforcement authorities related to AUSA Corporation, associated operating companies, and their executive management, officers and directors in Canada and the United States.
It is being prepared due to the issuance of a Cease Trade Order relating to AUSA Corporation that the company, its executive management, and directors have failed to resolve with securities regulators and address with all shareholders.
Yesterday, October 20, 2022, I telephoned the company with the intent of obtaining meaningful information regarding the Cease Trade Order and requirements to re-list.
I was only able to access a recording by which I was asked the purpose of my call and to leave contact details.
That was provided however, no communication has been received.
An email, the content of which follows this notice, was also sent to Marc Lakmaaker, IR Contact, on October 20, 2022. It has not been answered or acknowledged.
An authorized representative from AUSA Corporation et al is respectfully requested to formally correct and clarify all company and/or management-related matters that led to the Cease Trade Order by Tuesday, October 25, 2022.
Marc Lakmaaker: T: +1.647.289.6640
marc@audacious.net
ir@audacious.net
AUSA Corporation, Australis Capital Inc., Audacious, 2750176 Ontario Inc. O/A Alps, et al (currently under Cease Trade Order) Website: https://ausa-corp.com/investor-information/ AUSA AUSTRALIS CAPITAL CORP AUSAF AUSTRALIS CAPITAL INC British Columbia Securities Commission https://www.bcsc.bc.ca/about/contact-us Ontario Securities Commission https://www.osc.ca/en/about-us/contact-us CSA SECRETARIAT
Tour de la Bourse
800, Square Victoria
Suite 2010
Montreal, QC H4Z 1J2 Royal Canadian Mounted Police – Financial Crime https://www.rcmp-grc.gc.ca/en/economic-financial-crime/types-financial-crime Financial Industry Regulatory Authority and U.S. Securities and Exchange Commission regulate OTC Link® https://www.sec.gov/ Concerns include: · Trading Activity
· All matters related to audits, financial reporting, filing of required securities documents, and other information necessary to allow the company to re-list and have the current Cease Trade Order removed.
· Legality of activities by senior company representatives and directors.
· Genuine current financial condition
· Financial transactions between and beyond associated companies
· Accuracy and intent of publicly reported news and company developments.
· Adherence to regulatory requirements and expectations
The period that appears to require examination commences approximately January 1, 2020, and continues to the present.
That timeframe may extend if findings suggest additional investigation is warranted.
Hope remains that a complete, proper, approved audit/review of all aspects of business conduct will demonstrate the best interests of the company and all investors have been foremost at every stage and no deception or other forms of misrepresentation have occurred.
AUSA Corporation et al - Possible Securities Fraud/Deception of Shareholders?
CSA Staff Notice 51-356 There appears to have been a concerted, ongoing effort by representatives of AUSA Corporation et al to deceive, mislead shareholders and misrepresent actual financial and operating conditions at the company. While acknowledging it is speculative, this shareholder concludes in the absence of alternative information that, the recent Cease Trade Order has been issued due to senior management conduct or misrepresentations and security filing failures.
November 29, 2018 -
Canadian securities regulators caution issuers about problematic promotional activities Vancouver – The Canadian Securities Administrators (CSA), today published
CSA Staff Notice 51-356 | | | | CSA Staff Notice 51-356 Problematic promotional activities by issuers | | |
xxxxxxxxxxxx, Shareholder
Address: xxxxxxxxxxxxxxxx
Following is the content of email sent October 20, 2020
Australis Capital - Cease Trade Order
xxxxxxxx
To:Marc Lakmaaker,Mark Lakmaaker Australis Capital-Audacious
Thu, Oct 20 at 11:47 a.m.
As noted in my telephone message earlier today, it is essential that Australis-Audacious clearly and immediately issue a public explanation for the Cease Trade Order that was implemented yesterday prior to the market opening by British Columbia Securities Commission.
Clearly, you/the company were fully aware of the processes and procedures at least since August 1, 2022 when a required document filing extension was discussed with regulatory authorities.
How could you justify a news release regarding Anthony Demeo at the same time as shareholders were shattered by the company's inability to maintain its listing?
An obvious concern now is:
In the days prior to the Cease Trade Order being issued, market trading activity was significantly greater than historical patterns, so ordinary shareholders must ask:
Was foreknowledge of the imminent order shared with specific people?
Please reply as soon as possible.
xxxxxxxxx, shareholder