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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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