the exchange enforces the timely disclosure policy
posted on
Sep 17, 2012 11:55AM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
2 instances in which I don,t believe the exchange has enforced the timely disclosure policy rules with us, are;
1) The reciept of 100% of Vilcoro. Purchased in Jan 2010 and not disclosed publicly yet in the form of a news release. Only mentioned on SLI website around Aug 2010.
2) Samples assayed from "other property" in Peru in 2010 that have never seen the light of day yet. The "other property" has never been identified either. If we have another property in Peru, this should have been released also.
These are only 2 quick ones I have mentioned, as we know there were and are many more. For the exchange not to act on maybe incompliance may suggest that Lori is appeasing them with reasons why. The commission was alerted on other events which seemed to contradict the Timely Disclosure Policy in the past, but no reprimand? For these regulatory bodies to be seemingly allowing this somewhat material info to be with held from investors and the public, may again suggest that Lori was/is in talks. I can,t see the regulatory bodies jeopardizing their accountability to shareholders by letting this to continue, if this were not the case.
One of the reasons many investors stayed invested in this stock was because of waiting for undisclosed material info that never came within a reasonable time, or not at all. But, with myself and others, we were under the security of the regulators and such and knew we our interests would be protected under the protection dynamics for investors.
At the end of the day, it is not only Lori that is obligated to investors, it is the Exchange, all governing bodies and the governing umbrella of those. So if all these supposedly breaches of policy cannot be justified, the accountability of all the mentioned above bodies come into question as well as the individuals themselves that overlook market activities. Class action law suits have been launched before against exchanges,etc, but with all the corruption going on in the world now, the focus of the media may help new ones have a higher degree of succession. When investors interests are not protected, are they gonna invest?
IMO and speculative in certain aspects