Since no one wants to confirm/deny the fraud charges related to Christian Quilliam, ill post some older comments on this topic... Like ive said several times, smart money is not touching this because of these negative marks imo
Tuesday, April 20, 2010 3:57:53 PM Re: downsideup post# 9640 Post # of 43608 There was a fraud committed in selling fake health insurance to seniors in Florida. IF it is a fact that the stipulation re committing fraud that was made by the Chris / Christian R. Quilliam as a subject in the Ontario Provincial Police and FTC actions in 2003 was a stipulation made by the same person who is now an SFMI director... ??? Then, I'd think that suggests that the entire up-listing effort might have been made as a knowing, purposeful fraud. It does not seem plausible that "they didn't know"... or "forgot"... given the nature of the relationships... so, either it is a case of mistaken identity, or it is an issue with simply, and knowingly, failing to report it as required... coincident with up-listing ?
I didn't know about that circumstance before the questions were raised by others here. It seems to me the issue was raised in a timely manner... and then was dismissed without any explanation having been provided. I don't remember when it was first mentioned here. That might be worth looking up, too, as an input on the time line. But it does seem that concern that was expressed here has never been addressed with any proper response ?
So... is it a problem with a simple case of mistaken identity... with there being more than one Christian Quilliam... one who is an SFMI director, and another one who is a convicted felon ?
Or, is it an issue with SFMI knowingly submitting incomplete information in their filings during the up-listing process, and since then ?
I posted the links to and text of the reg SK requirement on reporting.
Anyone know the TSE policy on felons serving on the board ?
Share Thursday, June 17, 2010 2:42:25 AM Re: None Post # of 43609 I would love to see one more spike to short into on this stock before it falls off the mountain.
The odds that this stock will fail are about 99%. The CEO has failed to make at least 6 different business ventures work (quick google search shows this). Yet somehow he seemingly has the money for this venture. I wonder why that is?? The new CFO, Tom Ridenour was involved with this company: http://www.ftc.gov/opa/1998/10/nationwide.shtm, a seemingly defunct pink sheets company http://www.sec.gov/litigation/admin/34-50763.htm , a company called VuBotics ticker VBTC (which appears to be just rocking), and Pierre's precursor to SFMI, Dicut.
Pierre and Allan own almost no shares but the largest stakeholder is New Vision Financial. It would be interesting to find out who owns this company, except you can't because its based in the Virgin Islands, a tax haven that doesn't disclose anything about corporations like the United States does.
Other random things: Why do they have a New York office and why did they pay the lease with 1.25 million shares? What are $1.2 million dollars in consulting fees being spent on for the first quarter of 2010? The mining property itself is valued at less. They certainly aren't spending that $1.2 million on mining engineers. The last I saw they were using 100 year old data in press releases to substantiate how much gold is in the mountain. The press release yesterday said that SFMI used the proceeds from the historic tailings to make the first lease payment. Really? Who have they sold $83,000 worth of gold to? Wouldn't that have been announced in a prior press release? Kind of weird that GoldCorp Holding Co has an almost identical name to Goldcorp inc one of the largest mining companies in the world.
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