Grinders and Gripers Coffee Shop Message Board

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Pastimes : Grinders and Gripers Coffee Shop

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To: kidl who wrote (2645)	10/10/1998 9:01:00 PM
From: Arcane Lore	Read Replies (3) of 4201

Two additional articles: ... The ASC said companies interested in the virtual exchange were told they would have to buy shares in WSE equal to listing fees on one of its four boards. The two men could not be reached for comment. Rusnak was disbarred from the Law Society of Alberta on Dec. 14, 1994, after being convicted of fraud in 1992. Lisa Rudan, enforcement counsel for the ASC, said Seto and Rusnak are co-operating with the investigation, which started after a complaint to the watchdog's Edmonton office. There are no allegations of fraud or criminal wrongdoing. ... canoe.ca ===== ... The commission alleges the men solicited companies to publicly list and trade securities around the world. Companies could list on the World Stock Exchange for fees ranging from $5,000 to $20,000 US, which counted as buying shares in the exchange, the commission alleges in a notice of hearing. The commission also alleges the men ignored requests to take down the Web site and didn't apply to the stock exchange to be recognized as an exchange. The exchange also claims none of the listed companies on the men's exchange filed a prospectus, so the men were illegally distributing securities. ... southam.com

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