I would like to send him a few things

Dear CIGAs,

If real action is taken covering all industry shares against the prolific naked short selling via the Canadian Exchanges who demand only that the broker ask the client if they plan (someday) to borrow the shares and never ask again, the pressure on junior mineral companies will come to an end.

The legal shorts can be handled by success on the ground, creative dividends, and in time splitting the companies into various companies assuming they have varied mineral interests. My counsel to this industry is if you are able, do it ALL.

If the TSX and Canadian regulators do not take these actions, I assume that any company capable of listing on another international exchange will have to de-list in Canada and list elsewhere where naked shorts are identified with teeth to protect the interest of their shareholders - the first duty of any management.

Contrary to the statement made here that naked short selling is illegal in Canada, the only control is that the broker must ask the clients if they intend to make delivery one time. The clients say yes and there is no follow up. Sure it is illegal however Canada is the powerhouse of naked short selling.

Wake up, Jean!

MONTREAL - Canadian regulators are reviewing whether to ban short-selling of stocks in light of similar moves in other countries to calm the current financial crisis.

The head of Quebec's provincial stock market regulator says a decision will be made relatively quickly by Canadian regulators, but declined to provide a time frame.

The United States and United Kingdom have already decided to suspend short selling of financial stocks, which have lost much of their value recently,

Short-selling is a form of trading that makes money for an investor when a stock's price goes down, rather than up.

Quebec's Jean St-Gelais said Friday at a financial markets conference in Montreal that regulators in this country are first attempting to determine if there is a problem with short-selling in Canada.

He noted that some of the things that have been occurring in the United States are banned in Canada.