RED .. more untruths from PV. Petar has stated numerous times that he doesnt own, directly or indirectly (i.e. through Kore or another company) any shares of Sulja. The OSC and ASC do not believe this and have alleged otherwise. PV is imo not someone to rely upon.
"Staff also tendered a letter received by them from counsel for Vucicevich and Kore that stated that those Respondents took "no position, at this time, with any application" and denied any relationship with "Sulja Brothers et. al. [sic]"."
And this:
"Kore is an Ontario corporation with operations in Canada and the United States. Vucicevich is a director. He controls Kore and acts as its operating mind in Canada. DeVries is its operating mind in the United States. Kore has a relationship with the Sulja Companies. In particular, Kore is a significant shareholder of Sulja Nevada, and Sulja Nevada controls Sulja Ontario. • Sulja Nevada is the product of a "reverse merger" in or around July 2006 with Loftwerks, a shell company that owed a significant debt to the Sulja Companies and Vucicevich. At that time Sulja Nevada issued a large number of additional shares "to raise capital for [the Sulja Companies] so [they] can expand". Kore was to be remunerated for its assistance with that expansion. • An arrangement was entered into with employees of Kore and members of the Sulja family (collectively, "Nominees") whereby the Nominees were paid to trade newly issued shares of Sulja Nevada. The Nominees sold such shares, under Vucicevich's direction, through Canadian brokerage accounts opened for this purpose. Vucicevich told the Nominees when to trade, in what quantity and at what price. He also instructed Nominees to act so as to maintain specific share prices. • This trading raised approximately $7.8 million. The Sulja Companies received these proceeds and used them to repay debt and operate and expand their business. • OSC staff have alleged that the Nominees received the Sulja Nevada shares by way of a distribution directly or indirectly (through Kore) from Sulja Nevada's treasury. No prospectus was filed and no available prospectus exemption was demonstrated."
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