The SLJB press release omits to mention the further continuation of the OSC Temporary Order.
SLJB Announces US CPA Firm
Monday April 2, 5:29 PM EDT
Sulja Bros. Building Supplies, Ltd. (Nevada) (SLJB) today announced that The Ontario Securities Commission (OSC) has commenced an enforcement proceed against the Company, the Company's affiliate Sulja Bros. Building Supplies Ltd. (Ontario), the Company's former Chief Executive Officer Peter Vucicevich, Kore International Management Inc. (a company affiliated with Mr. Vucicevich) and Andrew DeVries (an associate of Mr. Vucicevich), who was formerly associated with the Company.
The OSC alleges, among other things, that Messrs. Vucicevich and DeVries engaged in manipulative trading in the Company's stock and that the Company made representations in certain press releases that were not true.
A copy of the Statement of Allegations issued by the OSC can be found at osc.gov.on.ca. On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007.
The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.
....
IT IS ORDERED THAT:
1. the Temporary Order is continued until July 5, 2007 or until further order of the Commission.
DATED at Toronto this 23rd day of March, 2007.
"Wendell S. Wigle"
"Margot C. Howard"
"James E. A. Turner"
osc.gov.on.ca |
