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Re: None

Tuesday, 01/11/2011 1:39:23 AM

Tuesday, January 11, 2011 1:39:23 AM

Post# of 118239
(The complaint does not accuse the companies of any wrongdoing.)

Magellan and Brownstone both list Canadian addresses, and one of the other stocks has a lesser Canadian connection. In 2009, RCC Holdings claimed that it had appointed William Hess, the former president of the Canadian Venture Exchange, as a director. (The company initially said he was president of the Toronto Stock Exchange, which it later corrected.) As it turned out, Mr. Hess did not ever become a director of the company, as his appointment was contingent on the company completing an acquisition that it never finalized.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:*SEC-1798053&symbol=*SEC&news_region=C

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