Cicely, you can call it that. Fraud ? It might be more appropriate word to use but still not convince we can prove that as I'll explain bellow.
I would rather call it a "coup d'tat" without a shot being fired. Again the Canadians capitulate to a foreign entity and the victors are carrying the spoils ( our money and IP ) to a far off land never to be recouped or seen again.
There's nothing illegal about de-listing a company if the reasons are justified. Were they here ? I don't think so ! The right reasons will never be told unless if they brought to court which will be almost impossible due to the fact that it's almost impossible to prove malicious intent to harm the existent share holders. Why ?
First look at who we sign a contract with. All the paper trail will be lost in a labyrinth of confusion, twists and more twists and possibly lots of cover up lies.
How can anyone verify "TaslySemBioSys" ( the new company ) really doesn't have the IP in their possession ? SemBioSys ( our company ) , upon investigation might pull out of the vaul all the IP and in one way prove to all..."their, we never transfer it to them ". Fine and dandy but have anyone heard of wire transfer and the making of copies ?....
Why do I think of that way in an almost simplistic way ? Well, I'll I tell you why ! Because the people we are involve with would do just that.
They are not smarter than us, they are just street smarter than us. They know if they do this back in their own country and get caught they'll be shot on the spot, so they come here and, not only try to sweep what they want for next to nothing, but also go around the rules and lots of times bend them to almost the point of braking them. On that my friends, they are the best.
They know how loving we are. They know how welcoming we are. They know how gullible we are.
They know how passive we are. They know how our regulators don't care and have no bite. They know we will never fight back. They also know they don't have to fight for anything here. We just give them everything in a golden platter. They take that and the golden platter as well.
I'm a Portuguese Canadian and proud to be both but this is my country but my gosh, just for a day I would love to be an American and be patriotic like they are and take no BS from anyone. Look at this board ! Where's everybody ?!....they all folded just like any typical Canadian ? Show you are different Raise your voice even if for the sake of raising it.
A few posts back and I don't remember now the poster, he said he's losing 10K and asked the question if anybody could top that, if not for us to shut up, so to speak. Well, poster, I can not top that. My losses are just below $2700.00 in 160K shares. Quantity is not the matter here, principals are with me. Look at RE88, if I remember right he hinted once before he might have around 600K and where is he now too ?
Twice I have been bitten with this same foreign connection and I say no more. Indirectly I know of others companies that they tried to manipulate everything to get absolute control. from here on if that same connection happens to show up in a stock I own, I'll exit even at a lost because I know that present lost will be a very small one than at the end and now we are at the end with a complete lost. We have no control. James have no control. He's just a puppet now till they have no more use for him.
Remember they own 70% and us 30% of nothing
the delisting was voluntary...well, it was or it appeared to be so on the surface but did you thought that he might been forced to do so, so "they" could get rid of us in an almost legal way ?
To make it appear legal "they" will not produce anything for awhile but in the other hand I don't trust my statement due to the people we are dealing with.
Those products could as well being produced right now and ready to hit the shelves soon. How, you might ask ?
Well my friend, they are croked enough to chance the # of the formula on the labels or label it completely different.
What do I hear ?!...."they'll never do that ? !"...wake up people ! Where the contrabands are made or the majority of them ?...right !
They have conquer the world, one house hold at the time and our greedy people have helped them do that....(golden platter)....just check the labels of origin in the majority of the gadgets in your household.
What remains to be prove here is why SBS is being wind down and TaslySemBioSys is being wind up.
This is good material for the "Fifth Estate" or "Market Place" on CBC. Mostly and definitely a case for investigation by the RCMP fraud squad.
Please speak up, thought , you not only lost your voice but also your money.
Van