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Gold/Mining/Energy : Northrich Pacific Ventures NPA:V
NPA 50.70-12.6%Nov 20 4:00 PM EST
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To: john mcknight who wrote (7238)6/23/1998 2:58:00 PM
From: dave herbert  Read Replies (1) of 7431
 
greetings John
>Date: Tue, 23 Jun 1998 12:37:15 -0600
>To: investigate@vse.ca fax 604 488 3132
>From: mithador@connect.ab.ca
>Subject: NPA
>
>I am very displeased with the actions of the vse and
>especially the survailance section with respect to
>this co.The following came from your office.
>
>. 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
>
> Directotor conduct and acceptability
>The directors of the co are no longer involved in the co
>and thus any investigation into them does not relate to
>the co as it exists today the co has cooperated fully
>with the vse. why does the persecution continue
>
> False or misleading disclosure
> This all relates to the former BoD and there employees
>who are all gone.Why does the vse still persecute the shareholders.
>
> Mssue of stock options inproper legending of shares
>subject to hold periodss.This involves directors and
>perons no longer with the if these persons still hold
>shares or options freeze them not persecute the co
>and shareholders.
>
> Unacceptable promotional and insider trading.Persons
>not now involved with the co go after them not the
>shareholders.
>
> THERE SEEMS TO BE ONLY ONE REASON FOR THE VSE NOT
>TO REINSTATE NPA AND THAT THE VSE IS TRYING TO PROTECT
>PERSONS WITHIN THE VSE OR OTHERS ASSOCIATED WITH THE
>VSE OR PERSONS WITHIN THE VSE WHO PROFITED OR WERE
>IN COLLUSION WITH THE FORMER DIRECTORS.
> I have also been informed that Ryan Henning has already
>beem sanctioned for his activities is this true a reply
>is needed on this as myself and other shareholders are
>preparing to take this to levels outside the vse in
>order to find the answers which the vse says they are
>unable to provide with in excess of TEN months of
>investigation either the vse is totally incompetant
>which the investing public should know or are dragging
>there feet for there own reasons which leads to the
>belief of a coverup at the expense of the shareholders
>and investing public which also should be made public
>if outside investigation shows so.You are aware that
>if the shareholders do (as we certainly will) take
>this matter public wether thru the courts of criminal
>investigation it would put the vse in a further
>unfavorable light.A resolution to this is therefore needed
>quickly a delisting of this stock would only further
>serve to infuriate the shareholders and force them into action.

copy sent inquiries@bcsc.bc.ca
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