Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (16828)	8/10/2005 10:21:33 AM
From: Condor	Respond to of 18308

seventh Message 21589613

To: seventh_son who wrote (16828)	8/10/2005 10:23:57 AM
From: vireya	Respond to of 18308

check out DDD posts on Y! NFI bd for that. He even took out ads in the NY Times He tried class action suit. I think it aLL was to no avail, but might be wrong, as Im out of the stock and have no interest for many months now

To: seventh_son who wrote (16828)	8/10/2005 10:26:28 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 18308

In my opinion, that would be a waste of time. Better try to identify those companies that care for shareholders. That is our first responsibility as shareholders. It is not easy, but it can be done.

To: seventh_son who wrote (16828)	8/10/2005 11:02:41 AM
From: jpthoma1	Read Replies (1) \| Respond to of 18308

In Québec, we have such an association. Formerly called "l’Association de protection des épargnants et investisseurs du Québec (APÉIQ)", they have have just changed their name for "le Mouvement d’éducation et de défense des actionnaires (MÉDAC)". apeiq.com Their goal is to educate and defend shareholders. However, they are not very well familar and involved with the juniors market. In Québec, everyone in the financial market knows Yves Michaud, "le Robin des Banques" and founder of this association. Their targets: Options to management, Boards composition, Management salaries and compensation. JP

To: seventh_son who wrote (16828)	8/10/2005 11:40:48 AM
From: ogi	Respond to of 18308

Hi Seventh: I sympathize with the idea of an advocacy group but doubt its formation would lead to much change. If we shareholders could work within existing groups and institutions toward improved regulation I think more of our goals could be achieved. The excessive granting of options to insiders is the single biggest abuse of practice in my view. Up to 10% in any year! What nonsense, 10% as a maximum total maybe. The next is disclosure of information. I actually had one co. ( a HD co for that matter) that announced a drill program and then never announced the results. Instead they buried them in a passage within their annual report 6 months later. Countless others sit on drill results and release them when they see fit. How can drill results not be material information? There must be better disclosure laws. If you plug the word compliance into the TSX website you get no hits from that search!!!! The very first thing I would like to see changed in Canada is one regulatory body that oversees the entire country and is not run by the industry itself. Cheers, Ogi