Michael Roy Fugler:"He serves on the Board of Directors of Genesis Intermedia, Inc. (NASDAQ:GENI) and Rich Coast Inc. (OTC "KRHC.OB").
Policy Documents Database - Decisions & Orders
Policy Documents
Decisions & Orders
Document Sub-category: Exemption Orders (Discretionary)
Document No.: 2001/02/23
Subject: RICH COAST, INC. [Sec. 88]
Amendments:
Published Date: 02/26/2001
Effective Date: 02/23/2001
______________________________
2001 BCSECCOM 244
IN THE MATTER OF THE SECURITIES ACT
R.S.B.C. 1996, c. 418
AND
IN THE MATTER OF RICH COAST, INC.
Order Under Section 88
[para 1]
WHEREAS Rich Coast Inc. (the "Filer") has applied to the Executive Director for an order under section 88 of the Securities Act, R.S.B.C. 1996, c. 418 that the Filer be deemed to have ceased to be a reporting issuer;
AND WHEREAS the Filer has represented to the Executive Director that:
1. the Filer is a corporation formed under the laws of the State of Nevada in the United States of America;
2. the Filer is a reporting issuer under the Act and is not in default of any of the requirements of the Act;
3. the Filer is subject to the reporting requirements of the Securities Exchange Act of 1934 of the United States (the "1934 Act") and is not in default of any requirements under the 1934 Act;
4. the authorized capital of the Filer consists of 100,000,000 shares of common stock ("Common Stock") and 10,000,000 shares of preferred stock, of which 11,039,889 shares of Common Stock only were issued and outstanding as of July 14, 2000;
5. the Filer also has CDN $1,500,000 8% Convertible Debentures outstanding, convertible over 5 years at the option of the holder into Common Stock of the Filer, which are beneficially held by one holder that is resident in the Isle of Man;
6. the Filer's Common Stock is traded on the NASD OTC Bulletin Board and is not listed or quoted on any other exchange or market in Canada or elsewhere;
7. 370,684 shares of the Filer's Common Stock, representing approximately 3.36% of its total outstanding Common Stock, are shown on the Filer's books as of July 14, 2000 as being held by 1,843 Canadian holders, including intermediaries, and of these holders, 116 holders have addresses in British Columbia;
8. the management and assets of the Filer are located primarily in the United States and its business is conducted exclusively outside of Canada;
9. there is no market in Canada for the Filer's Common Stock;
10. the Filer will comply with Rule 14a-13 under the 1934 Act with respect to Canadian intermediaries so that beneficial owners of Common Stock resident in Canada will continue to receive copies of all disclosure materials provided to holders of Common Stock resident in the United States; and
11. the Filer does not intend to seek public financing by way of an offering of its securities in Canada;
[para 2]
AND WHEREAS the Executive Director considers that to do so would not be prejudicial to the public interest;
[para 3]
IT IS ORDERED under section 88 of the Act that the Filer is deemed to have ceased to be a reporting issuer under the Act.
[para 4]
DATED February 23, 2001.
Derek E. Patterson
Manager
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Copyright 2001 Business Wire, Inc.
Business Wire
May 17, 2001, Thursday
DISTRIBUTION: Business Editors
LENGTH: 396 words
HEADLINE: Michael Roy Fugler Named Chairman of National Investment Banking Association
DATELINE: NEWPORT BEACH, Ca., May 17, 2001
BODY:
The NATIONAL INVESTMENT BANKING ASSOCIATION (NIBA) announced that at its annual meeting today, its Board
of Directors elected Michael Roy Fugler as Chairman, succeeding Kenneth A. Kamen.
Mr. Fugler became affiliated with the NIBA in 1996 and currently serves as a member of the Board of Directors, and has
served on various committees including Governmental Affairs, Membership, and Education.
"I am proud to serve the members of NIBA in this expanded capacity," stated Mr. Fugler. "We occupy a very special
position within the small issuer market and I will diligently pursue courses of action that expand the resources available to small business,
creating a more receptive market for small business capital formation." Mr. Fugler is a Principal of I-Bankers Securities, Incorporated and has been
the Director of the Corporate Finance division in New York since 1997 (holding Series 7, 24, and 63 securities licenses). Prior to joining I-Bankers,
Mr. Fugler practiced international law, specializing in corporate law and finance regarding securities, public companies, trade, and investment and
merchant banking.
Mr. Fugler has been a leader and active participant in The Association of Trial Lawyers of America, American Bar
Association, National Association of Criminal Defense Lawyers, International Bar Association, Lawyer Pilots Bar Association, and Aircraft Owners &
Pilots Association for over twenty years.
He was named to the Outstanding Young Men in America; Outstanding Volunteer, American Red Cross; Who's Who
in America; and Who's Who in American Law. He serves on the Board of Directors of Genesis
Intermedia, Inc. (NASDAQ:GENI) and Rich Coast Inc. (OTC "KRHC.OB").
Mr. Fugler is a native of Baton Rouge, Louisiana. He received a Juris Doctorate from Louisiana State University in 1972
and a Bachelor of Arts in 1970.
The National Investment Banking Association (NIBA) was organized in 1994 as the Regional Investment Banking
Association (RIBA) (name changed November 2000). NIBA is a national association of NASD broker-dealer and
investment banking firms seeking to strengthen the free-enterprise system and provide a vital source of information
and education to its members and the investing public.
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