Allen-Vanguard Rescue Board Message Board

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Technology Stocks : Allen-Vanguard Rescue Board

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From: kidl	9/30/2009 11:44:32 AM
	Read Replies (2) of 724

OSC ... Ya just have to "love" them tax payer funded bureaucrats. 17 days for a response. Unreal! Below the response received today to an email I sent Sept 13. Dear Mr. XYZ: Thank you for your e-mail inquiry sent to the Ontario Securities Commission (OSC) regarding the Allen-Vanguard Corporation (AVC) going private transaction. Staff at the OSC are aware of the proposed restructuring and will be reviewing the information filed by AVC. It is important to understand that the OSC is responsible for administering and enforcing Ontario securities law and our reviews are undertaken from a regulatory perspective, to consider whether the company may have failed to comply with securities regulatory requirements that apply to it. Please note that OSC staff reviews should not be considered to be investigations. Generally, OSC staff do not comment upon the existence or progress of either reviews or investigations. OSC staff are unable to comment on the merits of the proposed transaction, nor may we offer financial or legal advice to shareholders. You may wish to consider consulting a registered investment dealer or adviser for investment information and advice. Please note that, while the OSC is responsible for the administration and enforcement of securities law, there may be provisions in the corporate law that affect the rights of shareholders, over which the OSC does not have enforcement authority or jurisdiction. AVC is a corporation incorporated under the Business Corporations Act (Ontario) (OBCA). We suggest that you consult with a lawyer with corporate and Ontario securities law expertise for advice about options available to you, which may include remedies that can be pursued in legal proceedings through the courts or in a regulatory application. Your lawyer will also be able to provide guidance regarding the court approvals required for the proposed transaction. The company's disclosure documents filed with securities regulators in Canada are available for viewing on the System for Electronic Document Analysis and Retrieval (SEDAR) web-site. You may access the disclosure from the SEDAR web-site at www.sedar.com by: •? ? ? ? selecting "Company Profiles" from the homepage •? ? ? ? select the letter "A" from the Listed Company alphabet box •? ? ? ? scroll down and select the "Allen-Vanguard Corporation" link •? ? ? ? select the "View This Public Company's Documents" box •? ? ? ? scroll down and select the filing you wish to review Sincerely, Allan Krystie Senior Inquiries Officer Ontario Securities Commission inquiries@osc.gov.on.ca 416-593-8314 or toll free at 1-877-785-1555

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