Read my earlier post on Roger's representation. Roger was counsel at the time that the following happened.
"On November 14, 2002, BREK Energy became aware that it, its subsidiary Vallenar Energy Corp., its then – CEO Mr. Richard Jeffs and Vallenar’s president and CEO, Jeff Paquin, had been named in a Temporary Order and Notice of Hearing regarding certain alleged violations of the British Columbia Securities Act (BCSA). This Temporary Order and Notice of Hearing (the “Temporary Order”) alleges that Messrs. Jeffs and Paquin, together with others, engaged in acts in furtherance of trades of shares of BREK Energy (and other issuers) and advised persons to purchase shares of BREK Energy (and other issuers) without being registered under the British Columbia Securities Act. The Temporary Order requires Messrs. Jeffs and Paquin to resign from their positions as officers of BREK Energy and Vallenar, and prohibits them and BREK Energy and Vallenar from trading in any securities and from engaging in investor relations activities in British Columbia. Messrs. Jeffs and Paquin have so resigned. BREK Energy believes that neither it nor Vallenar has violated the BCSA or engaged in any activity that would require them to be registered under the BCSA. BREK Energy is presently seeking legal advice regarding this matter. Due to Mr. Jeffs’ resignation, BREK Energy is without a CEO. The Nominating Committee is presently searching for a qualified candidate who willing to accept the position. BREK Energy believes that it will not be adversely affected by the lack of a CEO until such a candidate is found."
Notice this event happened on November 14. Actually, I may have even been wrong on the last date of Roger signing anything. The last recorded date on any filing I can find with Roger is November 14 requesting a 5 day extension for filing the 10Q ( http://www.sec.gov/Archives/edgar/data/1095070/000090866202000244/nt-15d2.txt ). As far as I could see, his name was not on the 10Q when filed 5 days later. Did he quit in the interim after finding out about the allegations? Again, we just don't know the details. After the business model shift in 2002, my personal suspicion is that new management began to do some things that perhaps Roger and EA were either unaware of or could not support. All up in the air. The timing is interesting though. Just want to point out though that Roger indeed was involved at the time though I agree fully with you that a lot of the accusations in that post in no way trace back to Roger or EA (other than he had been there counsel since 1999 and suddenly no longer was after November 2002). Bashers will fill us in on the details as their crack team will surely look closer at this. It's the perfect vehicle for them to make a lot of accusations and implications without knowing any of the facts surrounding the situation. Watch for it. LOL
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