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|    can.legal    |    Debating Canuck legal system quirks    |    10,932 messages    |
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|    Message 9,776 of 10,932    |
|    John Atkinson to All    |
|    Seeking basic facts on company law    |
|    06 Aug 13 10:18:49    |
      From: john.h.atkinson@gmail.com              I invested in a company, United America eHealth Technologies, then traded       in Vancouver. A dot.com boom company. The share price rallied 40%, then       fell and was eventually de-listed. In 2001 it changed its registration from       B.C. to Yukon.              I found that the Directors had fired the Chairman and somehow removed       the working subsidiary for their own benefit. The shareholders were not       told of this and had no opportunity to approve or not of the move.              Some time later, I was approached by a lawyer registered in Houston, USA,       and invited to join a group of shareholders suing for fraud. A firm of       lawyers in Toronto were retained. I signed up and received documents       setting out the contingency fees, rising to 60%.              Thereafter I heard nothing; when I contacted the lawyer, who lives not       far from me, he was hostile and refused to communicate. His name is       Mr Donald L. Martin. A mutual friend told me that the action had failed       but did not provide specific details.              How is it possible for a publicly quoted company to be stripped of its       value without shareholder knowledge or approval?              --       John H Atkinson              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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