I'll be posting evidence soon from the BC Securities Commission that verifies EXACTLY what Mr Sklar did close to a decade ago (1989). Stay tuned for the TRUTH, my friends!
Make very, very sure that what you report actually IS the truth, Kowboy. Between tonight and tomorrow Jeff and I will post the entire text. If necessary, Jeff and Bill will put an anastatic copy online.
Release: September 19, 1989
SECURITIES COMMISSION RELEASES SKLAR DECISION
The British Columbia Securities Commission has released its decision in the matter of Gerald Emile Sklar. Sklar was a director and officer of Intercontinental Ventures Inc. and Max Minerals Inc.
In November, 1988, the two companies issued news releases and filed documents at the Vancouver Stock Exchange stating that private placements had been negotiated with a European bank. The bank subsequently advised the Exchange that it had not agreed to the financings.
Following a hearing in May, 1989, 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.
The false and misleading disclosure about the private placements was a result of Sklar's failure to fulfil his duties as a director and officer. 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.
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NOTE: Copies of the decision may be obtained from the Reception desk of the British Columbia Securities Commission, 1100 - 865 Hornby Street, Vancouver, British Columbia.
And that's just for openers. We've got another 20 pages.
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