Re: offence to file late
in response to
by
posted on
Sep 01, 2013 01:25PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
In 2006 our CEO,s name shows up on this list for late filing.(on page 6)
http://www.albertasecurities.com/DisComp/Late%20Insider%20Reports/Late%20Insider%20Reports%202006/SEDI_Late_Filers_2006-10-27.pdf
In 2013, we see on this late reporting list, 4 of our directors, Lori Mcclenahan, Donald Bastien, Paul Macdonald and Tina Whyte.
http://www.albertasecurities.com/DisComp/Late%20Insider%20Reports/Sedi_Late_Filers-2013-01-09.pdf
In 2012, for Intigold, we see Lori Mcclenahans name again;
http://www.albertasecurities.com/DisComp/Late%20Insider%20Reports/Sedi_Late_Filers-2012-10-24.pdf
And on this list, we see Lori Mcclenahan for late filing an Intigold transaction;
http://www.albertasecurities.com/DisComp/Late%20Insider%20Reports/Sedi_Late_Filers-2012-06-06.pdf
Plus, here are 3 CTO,s that SLI had for late filing of financials.
http://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Names1=St.+Elias+Mines+Ltd.%0d%0a&XSL=SearchArticlesCompany
Also these defaults;
http://www.bcsc.bc.ca/issuerinfo.aspx?partyid=85870
Below I have reposted my original post in entirety for investors to look at "repeat" and more that you may see. I will say, that through my research, I didn,t stumble across any reprimands yet, I am curious to the leniency when it is clearly stated that these types of things are offences under securities law. So, if Securities law is not enforceable, what is stopping shareholders from just firing the BOD and replacing them at this very moment? Is law really law, when it only applies to some and not others? How does one obtain immunity from law?(this would be good to know before we fire the BOD)
An interview of Lori where she speaks of some of her Securities background. I may suggest that Securities laws may be too complicated for anyone other than a lawyer, evidence of this may be where only Lori passed the Securities test, out of all the girls at the corporate finance office.
To be a stock broker you had to take the Canadian Securities Course [the equivalent of the Series 7 in the U.S.]? How did you balance it all?
"I did it when I was working in corporate finance. All the girls in the office took the course and I was the only one that passed."
Read more: http://www.thegrindstone.com/2011/10/18/mentors/executive-suite-st-elias-mines-ceo-lori-mcclenahan-says-you-have-to-give-up-your-security-924/#ixzz2df8Nikao
http://www.thegrindstone.com/2011/10/18/mentors/executive-suite-st-elias-mines-ceo-lori-mcclenahan-says-you-have-to-give-up-your-security-924/
offence to file late
https://www.sedi.ca/sedi/new_help/english/public/pdf_en/csa_20100611_55-316_qa-sedi_eng.pdf
Under securities legislation, it is an offence to fail to file an insider report in accordance with the requirements and filing
deadlines prescribed by NI 55-104 or to submit information in an insider report that, in a material respect and at the time and in
the light of the circumstance in which it is submitted, is misleading or untrue. Failure to file an insider report in a timely manner or
the filing of an insider report that contains information that is materially misleading may result in one or more of the following:
•
in some jurisdictions, a late filing fee;
•
the reporting insider being identified as a late filer on a public database of late filers maintained by certain securities
regulators;
•
the issuance of a cease trade order that prohibits the reporting insider from directly or indirectly trading in or acquiring
securities or related financial instruments of the applicable reporting issuer or any reporting issuer until the failure to file
is corrected or a specific period of time has elapsed; or
•
in appropriate circumstances, enforcement proceedings.
Securities regulators may also consider information relating to wilful, or repeated, non-compliance by directors and executive
officers of a reporting issuer with their insider reporting obligations in the context of a prospectus review or continuous disclosure
review. This is because this information may raise questions relating to the integrity of the insiders and the adequacy of the
issuer’s policies and procedures relating to insider reporting and insider trading.
For details on late filing fees, and other consequences for late filing, please refer to the factsheet on Late Filing available from
the SEDI online help or on the website of the securities regulatory authorities that publish information on SEDI. Also, see Part 10
of Companion Policy 55-104CP.
IMO