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Technology Stocks : Allen-Vanguard Rescue Board

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From: beaverfever	9/26/2009 4:47:35 PM
	1 Recommendation of 724

BNN Key Contacts - We shareholders are not sure why Allen-Vanguard's equity being erased through CFO Asset write downs of %80 of Asset value isn't on your broadcasts. This activity is so radical that millions of Canadian investors should be made aware. Publicly traded one day, days later - shareholders wiped out, due to questionable CFO asset valuation adjustments. The story itself is "incredible" but true. Please take some time to do some checking, read the deal on SEDAR, you will find that some hard to believe actions have taken place. Why are the Financial Post's Barry Critchley, and Krystle Chow of the Ottawa Business Journal the only reporters making enquiries, and publishing articles ? financialpost.com ottawabusinessjournal.com Allen-Vanguard's equity was erased through CFO Asset write downs of %80 of Asset value over less than a year. The same CFO actively participating in deal negotiations with a US buyer, while the write downs were occurring. The same CFO arranging EDC financing (where he was former Exec VP and CFO) to fund a US Capital Investment firm money to buy a Canadian company. An ethics violation clearly exists with the CFO of Allen-Vanguard Peter Allen, being the former Executive Vide-President and CFO of Export Development Canada. newswire.ca. An ethics violation clearly exists with Export Development Canada financing a US company buying a Canadian company - not the exported products - the company. Class Action lawyers Siskinds has opened a webpage attracting Allen-Vanguard shareholders considering legal action, possibly they are questioning "How can a CFO write down assets to erase shareholder equity - without independent valuation review ?" siskinds.com Check out the shareholders blog - they are not pleased, and are finding details daily that could lead one to believe that Allen-Vanguard Management has had less than honourable intentions: Subject 57843 General Manager Jack Fleischmann jfleischmann@bnn.ca Executive Producer Mike Omelus (416) 957-8062 momelus@bnn.ca News Releases and Editorial Submissions News and Guest Information Marty Cej Tel.: (416) 957-8100 Fax: (416) 957- 8180 mcej@bnn.ca Small Caps with Andrew Bell Email: smallcaps@bnn.ca Lunch Money with Michael Kane Email: lunchmoney@bnn.ca Market Call Email: marketcall@bnn.ca Trading Day Email: tradingday@bnn.ca SqueezePlay Email: squeezeplay@bnn.ca Strictly Legal with Michael Cochrane Email: strictlylegal@bnn.ca Headline Email: headline@bnn.ca headline@bnn.ca; strictlylegal@bnn.ca; squeezeplay@bnn.ca; tradingday@bnn.ca; marketcall@bnn.ca; lunchmoney@bnn.ca; smallcaps@bnn.ca; mcej@bnn.ca; momelus@bnn.ca; jfleischmann@bnn.ca

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