I'm all for class action suit if we have evidence of wrong doing. >>>>>Is this enough wrong doing??????<<<<<<....POP THOSE CORKS:-)
Northrich Pacific Ventures Inc -
Remain suspended, director suitability
Northrich Pacific Ventures Inc NPA
Shares issued 10,965,224 1997-09-04 close $0.23
Monday Jul 20 1998
Further to VSE notices dated Sept. 10, 1997 and Jan. 23, 1998 (Stockwatch, Sept. 11 and Jan. 26), trading will remain suspended pursuant to Rule C.1.05. The exchange has concluded its review into the affairs of the company and has determined that the company was in contravention of a number of exchange policies, its listing agreement and likely certain provisions of the Securities and Company Acts. Issues of concern include unacceptable director conduct, false or misleading disclosure, failure to disclose material changes, issuance of shares without proper consideration, improper legending of share certificates, misuse of stock options, insider trading and reporting violations, failure to file material transactions for acceptance, inappropriate use of company proceeds, and unacceptable investor relations practices. The above matters will be referred to the BCSC and to other regulatory agencies as appropriate.
As a result of the exchange's review and in accordance with Listings Policy 25 and the listing agreement, the following former directors and officers are not acceptable as directors, officers, employees or consultants, or in any similar function with exchange-listed companies: Ryan Henning, Arshad Shah, Robert Klein and Gurcharn Rattan. In addition, the exchange now requires the company to successfully complete certain reorganizations prior to reinstatement for trading. These steps include the requirement to obtain sponsorship, complete a PLAC review, meet original listing requirements, return certain shareholdings to treasury, ensure the disassociation of certain unacceptable parties, account for certain assets, complete a revised audit and provide updating and clarifying disclosure.
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