your statement about Andrew Currah not being able to head up a company in Canada anymore is false.
He can head up a company in Canada as long as that company is not issuing securities.
This does not mean I support his campaign, only that the facts should be accurately presented. By the way, to address another point, the cease trade order prevents both the buying and selling of this security by Canadians so those owning it cannot sell it...those wanting to buy it cannot. Canadian investors are in limbo until the issues are dealt with.
Below is the settlement agreement with Ontario exchange
(a) that Currah is required to cease trading in securities for a period of 10 years and that the exemptions contained in s. 35 of the Securities Act and OSC Rule 45-501 do not apply to Currah, subject only to the exceptions noted in paragraph (b) below. For greater certainty, the Order will pertain to all trading by Currah, whether directly or indirectly in any capacity whatsoever, or through nominee accounts;
(b) that Currah will be permitted, after a period of 5 years from the date of the Order approving this settlement agreement, to trade in securities through RRSP accounts held solely in his name if the securities are: (i) mutual fund units, guaranteed investment certificates or bonds or (ii) securities in which Currah does not own directly or indirectly through another person or company or through any person or company acting on his behalf, more than one (1) percent of the outstanding securities of the class or series of the class in question;
(c) that Currah will be permanently prohibited from acting as a director or officer of an issuer;
(d) Currah will pay to the Commission costs of its investigation in the amount of $1,000 immediately, plus costs in the amount $44,000 within 5 years after the date of the Order approving this settlement. In the event that Currah refuses or fails to make these cost payments within 5 years, the terms of paragraph 30(b) will not come into force for (i) the 5 year period referred to in paragraph 30(b), plus (ii) an additional number of days equal to the number of days in which Currah remains in default in paying costs to the Commission. In the event that Currah refuses or fails to make the cost payments within 10 years, the terms of paragraph 30(a) will be extended permanently ; and
(e) that Currah will cooperate with Staff in its investigation of trading in Findore shares, including making a statement under oath in advance of any hearing and testifying as a witness for Staff at any proceedings commenced by Staff before the Commission, the Ontario Court of Justice or the Ontario Superior Court.
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