>>Regarding Hamouth's background, I have know him of a dozen years
and can tell you that as far as Vancouver Stock Promoters go, he is
as straight as they come.
Okay, I knew that Vancouver is full of penny-stock thieves, but
just the same, if Hamouth is 'as straight as they come,' I'm afraid
to think of the crooked ones.
Here's what the Vancouver Sun newspaper said about his stock
swindling during the last dozen years. You say you have known him for
the last dozen years, so perhaps you can tell us more about these
episodes. (Were you involved in those, too?)
The Vancouver Sun
David Baines, Sun Business Reporter Vancouver Sun
Rene Hamouth, who has had extensive dealings on Howe Street and has
been blackballed by the VSE, was president of Corsaire Inc. until November,
but remains one of the firm's largest shareholders with about 1.4 million
shares.
<snip>
In 1990, the RCMP commercial crime section in Toronto charged Hamouth
and two others with manipulating the stock price of Penway Explorers Ltd., an
Alberta Stock Exchange-listed company. All were acquitted.
In 1991 and 1992, VSE officials implicated Hamouth in a series of suspicious
transactions in which he received hundreds of thousands of shares in several
VSE-listed companies in return for assets of dubious value.
He was subsequently blackballed by the exchange.
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