> just to bring closure to this nightmare Gurney should go down
> in [Canadian] history as pulling off the high-technology
> equivalent of Bre-X. Gurney and his IPO syndicate
> simply should be sued for hundreds of millions in unspecified
> criminal, civil, punitive damages re: criminal gross
> negligence...a lot of people/institutions et al simply went
> down on this deal pursuant to [sustained patterns of] reliance,
> causation, alleged fraudulent misrepresentation, omissions, ...
> sadly, and as a matter of record, we are taking this situation
> under advisement to vigorously pursue with all legal recourse.
Good luck. Although, Softquad is hardly another Bre-X. They've had
products, spent money on developing those products, and failed in sales. Unlike Bre-X which never had any product in the first place.
By the way, I am pursuing the actual technology equivalent of Bre-X, and that's with this Canadian company formerly called PCS Wireless, but now called Unique Broadband Systems. It's been well over 1 year now, and although I have a former company executive confirming proprietaries that have gone on (items that would land an insider with a lengthly prison term in the US), as well as Stock Analysts who were close to the company confirming stock manipulation, it seems in Canada there is nothing you can do to them. Imagine if I had this evidence with an American company!!!!
The only reason the Bre-X scandal led to lawsuits (most likely successful, but without any shareholder rewards), is because the company collapsed completely. In Canada, once a company is bankrupt, i.e. no shareholder recovery possible, that's when the company becomes vulnerable to class-action lawsuits. Sad, but true. Criminals can lie to shareholders, pillage company assets, and there is very little you can do. In the end, you can launch a class-action lawsuit, but you'll receive nothing for your efforts.
Regards,
Peter Granic |
