RE:RE:How long can the auditor delay last? As, I've said before, Our Canadian regulators are a joke. But the joke is on them, and on shareholders as the mgmt/bod mocks everyone else. I keep contacting them and they keep doing the same thing. Nothing. Iiroc, legitimately, claims no jurisdiction but I push them to get involved anyway on the grounds nobody else is. The tsx hides behind "confidentiality " owed to the company to protect them from any public scrutiny. Whether any scrutiny is being applied privately they won't confirm or deny either. But based on the fiasco of the last annual meeting, it's fair to assume they are doing absolutely nothing on behalf of investors or the basic integrity of our capital markets. One big problem with the tsx is the fact it's regulatory authority and more importantly it's PUBLIC accountability is very limited. It's a for profit corporation, not a regulator. This makes for obvious substantial conflicts of interest. Lastly, the biggest LOSER is the BCSC. The OSC is very marginally better, but not enough that it would make a difference if Fnc were to change its primary regulator from BC to Ontario. Despite repeated contact from myself, I've had zero response since the last annual meeting, from the BCSC. Last I heard, the buck was passed off as "not subject to any part of the securities act" and passed it off to the BC Business Corporations Act. What's worse than seeking a remedy from an uncaring regulator? Seeking remedy through the courts, which is the route for BC BCA complaints. Like all court filings, it's very time consuming and expensive. It's farcical that the BCSC passes any complaint about the fnc shenanigans for the past 2 years, to the courts, rather than doing there job. Is anyone, at any regulator, or any attorney general, going to look into the 22 million share deal ? Not for dollars, donuts, or donkey dung.
Anyway, good luck fellas.