Not much to say other than when you pull the $hit that Simmonds has alleged to have done, you tend to attract some unwanted attention. Take money from investors, but don't issue any stock, or artificially inflate the inter-company receivables between two companies and use these suspect transactions as a basis to borrow funds off of their credit facilities, or buy companies with what you know to be worthless paper by manipulating the value of a publicly traded company, or, taking money for golf memberships from unsuspecting golfers in the fall, with little intention of opening a golf course in the spring, or not paying source deductions or other trust monies (HST) to the Canadian Government, or stiffing employees for severance pay, or ????. Each one of these alleged actions is totally morally unethical and in some cases highly illegal and should beget the attention of the appropriate authorities. Some of us have been contacted and interviewed regarding the above, others will be soon. Once a solid case has been built, I assume this charade will be over, having been exposed for what it really was, a game designed to put as much cash in John and his cronies pockets as possible, at the expense of everyone involved. Stay tuned, be patient, as these things take a little time to piece together. Once I have a law enforcement contact (or more than one, as this is multi-jurisdictional within Canada, and includes the U.S. SEC) that I can publish, I will. The more people who speak up about how they were victimized / affected, the better. Let's shed some bright light this time on the practices of John G. Simmonds in the hope that he is brought to justice, and is never allowed to prey on people's goodwill and emotions again. Shame on him if half of the above is even remotely true.
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