Hey Kowboy, as long as you're now making some calls (good for you!), you might as well get your facts straight. After all, it's the "truth" we want, remember?
To refresh your memory:
13. An individual under the alias "Kowboy" appears to have doubts Mr. Gerald Sklar has ever been found guilty of a securities violation. Could you please set the record straight?
For example, on 9/19/89, Intercontinental Ventures Ltd issued a press release entitled "Securities commission releases Sklar decision" This press release very clearly states that "Mr D. M. Thompson of the BC securities commission reports the BC securities commission has released its decision in the matter of Gerald Emile Sklar. Sklar was a director and officer of Intercontinental and Max Minerals."
"... the commission found the news releases to be false and misleading. Since Sklar had directed their release without taking adequate precautions to ensure they were true, the commission determined that he did not exercise the care, diligence and skill of a reasonably prudent person. Later, after he knew the information was false, he failed to act honestly..."
Upon being found guilty: "The commission found Sklar's behaviour to be prejudicial to the public interest and ordered the removal of his trading exemptions for three years. Sklar is also prohibited from acting as a director or officer of a public company for three years and will be required to pay costs of the hearing.
Source: wwwf.canada-stockwatch.com
--> Does ABFG deny such a decision was rendered by the BCSC for securities violations against Gerald E. Sklar?
14. In March of '97, another of Sklar's companies, Riosun, was halted by the VSE. On March 27, Riosun issued a press release saying: "It will not allow the unacceptable individuals identified by the VSE to interfere or be involved with the company, directly or indirectly and is to provide the undertakings to this effect to the VSE". According to the aforementioned Stockwatch article: "This pair of undesirables, whose identities were never officially disclosed, were Lucky Janda and Gerald Sklar."
In talking with the VSE, I was told that Gerald E. Sklar is still considered an "undesirable individual" and as such may not be involved directly or indirectly with any VSE regulated company. It is my understanding that this status is limited only to a very select few individuals who have "earned" this distinction.
--> a) Does Gerald Sklar contend he can indeed now be a director of a VSE regulated company? b) If so, is he saying the VSE lied to me? c) If not, does he have an explanation for this?
15. According to a published report (see #reply-8992910), the Alberta Corporate Registry shows that Gerald E. Sklar and Thomas P. Devlin are principals of a company called Stock Watch, Inc. "Mr Devlin is named on company documents as Bre-X's manager of special projects... Mr Devlin requested that the trades -- involving 487,500 shares [of Interlock Consolidated Enterprises Inc
ILSS] -- be jitneyed through other brokerage firms so the sale of the Interlock shares would appear to be widespread... Mr Sklar, who thinks he is quite desirable, has been in trouble in BC for issuing misleading press releases. He did not explain how the long defunct company happened to be selling hundreds of thousands of Interlock shares in 1994."
Riosun's phone number prior to its trading halt for being involved with Gerald Sklar, whom the VSE labled as an "unacceptable individual", was (403) 777-1800, and the office was at 734 7 Ave SW. The Calgary phone book last year listed Stock Watch Inc. at that same address and phone number, and now American Benefits Group is listed in the Calgary phone book under that number and address. So, clearly, we're talking about the same Gerald Sklar.
--> a) Is it true that Devlin and Sklar are still business partners? b) A lawsuit and countersuit appeared to have been filed about this; what is the status or what was the outcome of this lawsuit?
- Jeff |
