Shell Summary for Dec. 4, 2017
2017-12-04 21:21 ET - Market Summary
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by Stockwatch Business Reporter
The TSX Venture Exchange lost 1.56 points to 787.44 Monday.
Thane Ritchie and Trevor Peters's first capital pool shell, Global Investments Capital Corp. (GLIN), has listed on the TSX-V, after selling a $300,000 initial public offering at 10 cents. The shell's IPO agent was Canaccord Genuity Corp.
Not unusually for capital pool shells, the shell did not trade today.
Mr. Ritchie is the shell's chief executive officer, its largest escrow shareholder and one of its directors. He holds four million of Global Investments' six million escrowed shares. From 1997 to 2010, he managed a hedge fund in Chicago called Ritchie Capital Management LLC. The fund was valued at about $4-billion (U.S.) in 2005, but it lost much of this value when the markets crashed two years later. Now, Mr. Ritchie lives in West Vancouver. His shell-making partner, Mr. Peters, is identified as the promoter of Global Investments. Mr. Peters is also the shell's chief financial officer, its secretary and a director. He holds 500,000 escrowed shares. Mr. Peters lives in Calgary and is the president of a private oil and gas explorer called Torenco Energy Inc. Previously, he was a vice-president of business development at Orion Oil & Gas Corp., which is now a part of Calgary Sinoenergy Investment Corp. He was also the CFO of Caracal Energy Inc., now a part of Glencore PLC.
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BCSC Commissioner Appointments are Illegal
Suzanne Wiltshire's appointment started in July 2006 as per BCSC website bio and OIC # 498-2006.
Don Rowlatt’s appointment started in April 2008 as per BCSC website and OIC #228-2008.
Brenda Leong’s appointment started in October 2009 as per the BCSC website.
Suzanne Wiltshire, Don Rowlatt and Brenda Leong’s appointments are in contradiction of Sec 4.1 of the Securities Act which states that the Administrative Tribunals Act applies to the BCSC.
Part 2, Sec 3 of the Administrative Tribunals Act states that:
Member's initial term and reappointment
3 (1) A member, other than the chair, may be appointed by the appointing authority, after a merit-based process and consultation with the chair, to hold office for an initial term of 2 to 4 years.
(2) A member may be reappointed by the appointing authority, after a merit-based process, as a member of the tribunal for additional terms of up to 5 years.
The initial term for Wiltshire, Rowlatt and Leong was 3 years and an additional 5 years for a maximum of 8 years. Therefore Wiltshire’s appointment is illegal as of July 2014, Rowlatt’s appointment is illegal as of April 2016 and Leong’s appointment is illegal as of November 2017.
How are Commissioners Wiltshire, Rowlatt and Leong supposed to remain independent, unbiased, and transparent when they are clearly obtaining funds based on an illegal appointment therefore every decision will be self serving.
Posted by Bushwacker at 2017-12-05 09:37
Welcome to all the new CPC Listings. Be warned to have your President's List (family, friends, and business associates) of shareholders to be raped and pillaged (financially) by the regulators such as noted above. Again welcome and good luck.
Posted by Bushwacker at 2017-12-05 09:41
Read the following website and be the judge for yourself. http://bcsecuritiescommissionasham.blogspot.ca/ Copy and paste the url and have a read to determine for yourself if BCSC is really a sham?
Posted by Bushwacker at 2017-12-05 09:43
Read the following website and be the judge for yourself. http://bcsctruthmovement.com/ Copy and paste the url and have a read to determine for yourself if BCSC is really a sham?
Posted by Bushwacker at 2017-12-05 09:45
Read the following website and be the judge for yourself. http://bcsctruthmovement.com/tag/chile/ Copy and paste the url and have a read to determine for yourself that BCSC STAFF SHAWN McCOLM AND ROY LEON SERVED LEGAL DOCUMENTS to appear IN CHILE.
Posted by Bushwacker at 2017-12-05 09:47
Read the following website and be the judge for yourself. https://www.oipc.bc.ca/orders/1758 Copy and paste the url and have a read to determine for yourself how BCSC intentionally with held evidence in the Poonian V BCSC case.
Posted by Bushwacker at 2017-12-05 09:50
Read the following website and be the judge for yourself. https://www.oipc.bc.ca/orders/1668 Copy and paste the url and have a read to determine for yourself how BCSC intentionally with held evidence in the Poonian V BCSC case.
Posted by Bushwacker at 2017-12-05 09:51
Again congratulations on listing your CPC.
Posted by Bushwacker at 2017-12-05 09:53