Stans Energy Corp V.HRE.H

Stan's going through OSC review process

[TrickyGame]

I emailed Boris asking if there is any info on if/when the company would be unhalted saying the docs needed for the halt to be lifted were filed on Nov 2/2020 and the company is up to date on all required quarterly filings 

here is his response 

Dear Trickygame,

 

You are right, but it is not how it works - we are going through a OSC review process which is a pain in .... and we are trying to keep it as fast as possible but it is up to OSC team to make it as short as possible. Stay tuned.

 

Boris

[123buyholdhope]

When the OSC Comes Knocking https://www.dwpv.com/en/Insights/Publications/2017/When-the-OSC-Comes-Knocking   Thank you for contacting Stans TG. Good to see you got a reply. For those interested in what the OSC involves itself with, here is a brief article from 2017. For Stans the process they are involved in may mean very little, but in turn, it may also mean a lot.  GLTA -  https

[TrickyGame]

There article is not really relavent to Stan's Energy, they are not under investigation as far as we know. The CTO is a failure to file CTO

[mrstockguy]

I wouldn't be surprised if the OSC go for stans and their management. they haven't acted like a public company. No AGM for years, don't give updates when they're legally obliged too. Always full of excuses. its been a bit of a joke dealing with these guys.

[davidlowe]

Stans has been royally screwed by Kyrgyzstan and the courts. I don't hold anything against these guys and don't blame for not having AGM. I've been a shareholder for 9 years and have been through it all. Not expecting to recover anything from this investment, but there is always hope of a restructuring and settlement.

[TrickyGame]

Why would the company need to restructure? The way I see it, the best thing that could happen is the company get  unhalted, whenever that's going to be, the price rises a bit due to the TTM P/E and EPS then the 50/50 JV with Rosatom gets off the ground.

[mrstockguy]

Disagree. Friend of mine who has a decent position in this emailed the OSC. There is no official comment but they did get response from the lead at the OSC. The lead. Not a regular staff member. I suspect there is more happening here. They haven't following protocol for over 5-6 years. For example, they were even obliged to povide updates every 30 days during this halt. They even stated that

[TrickyGame]

word for word taken from the May 7 press release "As required by the OSC Temporary Exemption, the Company will issue further press releases at 30 day intervals providing updates on material business developments, if any, including updates on the Annual Filings or the Interim F/S." It says if any bussiness developments which likely means there have been none. They were having issues

[TrickyGame]

Let's not forget on April 23rd 2020 the OSC enacted Ontario Instrument 51-102 Temporary Exemption from Certain Corporate Finance Requirements giving Ontario corporations an extra 45 days to file certain periodic filings on or prior to June 1st 2020. The halt to Stan's Energy shares was arbitrary, unreasonable and legally questionable considering Stan's was within the 45 day extention

[Casperin]

I have all but written off my 6 grand on this used for tax loss 1 never knows bankruptcy on 1's investment is a kick in the a s s booooo

[TrickyGame]

The company's not bankrupt yet

[Casperin]

hav to admit there about as close to insolvency as it gets no? If not please Splain Lucy!!!!!!!

[TrickyGame]

This is a failure to file CTO. The company had to file the listed required filings specified in the CTO to have it lifted. Which the company did on Nov 2/2020. I emailed Boris on Jan 18 and he said the company's going through an OSC review process, they are trying to keep it as fast as possible but it's up to the OSC as to how long it goes. The OSC has to do a review then the TSXV has to

[TrickyGame]

What did the lead at the OSC say? If there is more happening as you suspect then that would mean the OSC expanded the scope of the CTO AFTER it was issued which would be extremely unfair to the company. The CTO is ONLY supposed to relate to the company failure to fail the audited annual financial statements for December 31/2019, the annual MD and A, the certifications of the annual filings and

[mrstockguy]

I wouldn't believe a thing that comes out of Boris mouth anymore. it was his decision not to file the accounts for 6 months until the last minute. He could have chosen to rectify this earlier but he didn't. He waited till the very last minute to file the acccounts. That's not in shareholders interests at all. Locking away their money. second, he's been slapped by the OSC and