This was an excellent read, eyetell! Thanks for that.

I believe SLI investors should be looking at this excerpt below that I have taken from your post. I bolded the damages line because;

1) our market cap was at or near $300 million AFTER a maybe initial complaint of untimely disclosure amongst a couple other things.

2) add in the suffering to each investor endured since there was no reprimand by the Exchange nor Securities signifying any worries or problems with the investment.

3) add in the reassurance we got each time we visited a regulators or Government site which said, investors protected, integrity upheld.

4) the damages that could occur in the future to our investment if the court prolongs our case, and in which it is really a regulatory matter, not a court matter. By the regulators passing this issue to the courts, it contradicts their statement of protection to shareholders and creates an entrapment scenario under falsehoods, which in turn is a violation of the Negligence Act.

5) so we could possibly be around $1 billion in damages now, accelerating if we start losing properties, no small change

6) not only the regulators may be sued, but there may be an angle to sue individuals at the regulators as well, if they didn,t do everything within their means to prevent a possible mess or misplaced crucial information.

7) the thing about jurisdiction of the regulator will not matter, and there will be angles to sue to place proper accountability.

8) any lawyer seeing the scope of the damages would most likely take this on once reviewing the evidence and considering the windfall his firm could receive from a win

Last March Koskie Minsky LLP, one of a handful of Canadian firms that represent investors in class actions, filed against Kinross Gold Corp over a $2.94 billion charge the company took on assets related to its acquisition of Red Back Mining. The suit, which is still ongoing, claims $4 billion in damages.

So, after saying those things above, I strongly feel that the regulators must act here shortly and not rely on the courts. There is too much at risk for the markets and perhaps individuals themselves.

IMO