Hi All ,
Below is a copy of an e-mail I sent to the company this morning and the reply ,I really didn't expect anything else I would suggest that this is just a smoke screen ,the points I raised regarding new management etc are completely ignored
-----Original Message-----
> From: crublack@vse.ca [mailto:crublack@vse.ca]
> Sent: 23 June 1998 17:21
> To: john mcknight
> Subject: Re: NPA and VSE surveillance
>
>
> Dear Mr. Mcknight:
>
> As noted in our Notice of January 23, 1998, the Company remains suspended
> not only for the Exchange's review of director conduct but for several
> other reasons as noted below.
>
> "Further to the Vancouver Stock Exchange Notice dated
> September 10, 1997, trading in the shares of the
> Company will remain suspended pursuant to Rule C.1.05.
> The Exchange
> s review into the affairs of the
> Company continues. Issues under review include director
> conduct and acceptability (policies 25.2 &
> 25.3); false or misleading disclosure (policies 7.1.2 &
> 7.3.1); misuse of stock options (policy 23.2.3);
> improper legending on shares subject to hold periods
> (policies 16.1.10 & 16.1.11 & section 132 of
> Securities Rules); unacceptable promotional activities
> (policy 8.2.2); and insider trading and reporting
> (section 86 & 87 of Securities Act). The Exchange is
> currently awaiting further information from the
> Company prior to concluding its review. "
>
> I spoke with our Surveillance department and the review continues. The
> Exchange is actively in contact with the Company in order to complete the
> review. Until these matters are resolved, the Company will remain
> suspended.
>
> As a shareholder of the Company, the Company may provide you with more
> information as to the Exchange's requirements.
>
> Yours truly,
>
> Cathy Rublack
> Manager, President's Action Line
>
>
>
>
>
>
>
>
> "john mcknight" <m005ed00@mcmail.com> on 23/06/98 05:49:35 AM
>
>
>
> To: actionline@vse.ca
>
> cc:
>
>
>
> Subject: NPA and VSE surveillance
>
>
>
>
> Dear Mr Johnson,
> Perhaps you can enlighten me as a shareholder in Northrich
> Pacific Ventures, as to why the company is still under suspension after 10
> months of deliberation and investigation by your surveillance unit.
> The company now has a completely new board and any members
> involved in the breach of regulations that happened previously ,have now
> either "resigned" or have been dismissed, why therefor is the
> company still
> suspended? Any concerns are purely historical and cannot be altered
> whatever
> information requiredby you is a matter of historical record and as such
> cannot be altered by the company returning to trade. This then beggars the
> question is the VSE hiding something ? or are they just so
> incompetant that
> they cannot conclude an investigation .
> May I also inform you that other stockholders and myself
> are
> now forming an action group and we have no intention of letting
> this matter
> "disappear" from view ,it is our intention to raise this matter with the
> RCMP should we not receive a reply that we consider to be
> satisfactory ,in
> our opinion there is no legitimate reason why this company cannot
> return to
> trading. I look forward to receiving your reply in the not too distant
> future
>
> Regards
>
> J.McKnight
>
>
>
> |
