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[QUOTE]Originally posted by Mr. CATIAEngineer: [QB] OT : An interesting read on some changes being discussed in the Canadian Market (B.C. specifically). ------------------ "He said many professional facilitators -- accountants, lawyers and geologists -- "shut their eyes" to the problem. He warned that the commission would report professionals who knowingly aid and abet sham deals to their professional organizations. Eady said many OTC companies don't have "real shareholders," rather they have "fake shareholders" who in some cases don't even know they have been listed as shareholders. They are simply stooges for the promoters. To stop this sort of stock-rigging, the commission is proposing rules to make it illegal for seed shareholders in B.C. to sell back their stock to the promoters. Instead, they will have to sell their shares through a broker, from an account in their own name, into the market. This will move all this share dealing from the back room into the public domain, where people can see what's going on." http://tinyurl.com/3956n7 [/QB][/QUOTE]
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