Sulja Bros. Building Supplies, Ltd (SLJB)

[janniebgood]

4. THIS is the big one! Why would the OSC only step in months after the money was supposedly made illegally? Why wait so long if they suspected as soon as the stock went up so
many months ago. It doesnt make any sense.

5. If this was so cut and dry with soo much evidence why did
they not halt trading immediately? It doesnt make sense.

4. Because it takes a while to investigate the issues once an irregularity comes to the commission's attention; question related parties; have supboenas issued for the trading records or other pertinent evidence; have the subpoenas served; wait for evidence to be provided by the entities upon whom subpoenas may have been served; follow up on evidence obtained through the first subpoenas and possibly issue subsequent subpoenas requesting additional or supporting documentation; then wait to receive the newly subpoenaed evidence. Not to mention that once the evidence is received it must be evaluated and analyzed before recommendations are made by the investigating bodies (RCMP/OSC?) in order that a formal complaint can be filed.

5. The OSC ceased trading in Ontario on December 22, 2006; this is likely the soonest date on which they had sufficient evidence to substantiate their claims.


The wheels of justice turn slowly.