ASC Enforcement Order - Robert Smylski

The Alberta Securities Commission Enforcement order regarding Robert Smylski can be found here.  You are encouraged to read the entire order especially if you purchased Shire investments via Robert Smylski.

Excerpt:

II. FACTUAL BACKGROUND
(snip)

B. Respondents' Admissions
[9] In the Admissions Statement, Smylski acknowledged receiving independent legal advice (and, indeed, he was represented at the Hearing) and voluntarily making admissions, including the following:

(snip)

• some of the securities the Respondents sold were offered by Stoneset, LibertyGate Investment Corp. ("LibertyGate"), Focused Life Settlements, Focused Money Solutions Inc. ("Focused Money") and Shire International Real Estate Investments Ltd. ("Shire International");

Class Action Update - July 12, 2010

Its been a slow slog this spring with legal processes taking a long time (as they always do!).  An update to Class Action members was sent out last night.  If you missed this update, please advise us at investor@telus.net so that we can verify your status on the mailing list. 

Due to the great numbers of investors who have joined the class action, we have now moved to a mail distribution service called Mail Chimp.  This is the reason for the change in the formatting of the update emails.

If you are not a member of the class action, you will not receive class action updates.  And yes, you can still join - email investor@telus.net for details.

There have been no general updates with regards to Shire but we believe the ASC must be in the later stages of their investigation based on the general time frame of other ASC investigations.  When we see some change, we'll post to the blog and send out a general update.