OSC sets hearing date in stock price probe
Windsor Star
Thursday, November 01, 2007
TORONTO - The Ontario Securities Commission (OSC) adjourned the case Wednesday against two local companies to a Jan. 22 hearing.
Allegations of manipulating stock prices, issuing false and misleading press releases, and selling stock without issuing a prospectus were first made last December against Harrow-based Sulja Bros. Building Supplies Ltd., a Nevada-incorporated company with the same name and its former CEO Petar Vucicevich, a Colchester village resident.
A trading halt on the company's stock has been imposed in Ontario and Alberta pending resolution of the charges.
Also charged is another company of Vucicevich's called Kore International Management, and a San Antonio, Tex., resident, Andrew DeVries.
The stock still trades in low volumes in the U.S. over-the-counter market with a recent price of around two-tenths of a cent per share.
© The Windsor Star 2007