RE:RE:Shareholders are being held Up
Aallyy wrote: And, what about the AGM???
Given where the company is at, apart from filling out regulatory report forms and collecting huge salaries for it, how about the rules about having an AGM within one calendar year of its previous meeting!!
Last year was Oct 31st, there must be some mechanism to ouster them for non performance, complete ineptitude or worse?
Is it possible the "passing of the ships in the night" event of the return of the non-recourse royalties to Champion Iron and the selling of its 22M Fancamp shares to a Fancamp director is under review?
Regulators, are you paying attention?
"Regulators, are you paying attention?"
sadly the answer is no , or yes, but we won't do anything. the regulators I've contacted, namely the bcsc,iiroc,tsx have shown zero interest
iiroc, excusably, reminded me it's outside their jurisdiction. I suggested they change the boundaries to make it part of their jurisdiction just as they did with short trading.
tsx just ignores me and hides behind "privacy" requirements to not even acknowledge they have considered my complaint.
bcsc is a complete failure and derelict in its duty, in my opinion. They inexcusably avoid any regulatory responsibility. They race to deflect. They strictly interpret the securities act as the definitive definition of their responsibility. There is zero acknowledgment of the broad duty to protect the shareholders, taxpayers, and integrity of capital markets for companies registered in B.C. , that they ARE the primary regulator. They have endlessly, almost with glee, denied any responsibility at all unless I can quote a specific section of the securities act. They quickly, and again with glee, refer to the corporations act as the ONLY relevant legal path, which the BCSC has NO oversight or responsibility.
Sorry for the rant but this is nothing new for fnc or dozens of other bc regulated , tsx listed , companies