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Message: Why couldn,t the BCSC make the decision on the votes?

By reading this from the Securities Act, the Powers of the Commission, it appears that the BCSC could have easily made the decision on if our votes counted. Under this provision, the BCSC may be liable for court fees incurred as a result of the Green Team having to take this ludicrous case before the courts? IMO, the by laws could have been changed or ammended with an order from the BCSC providing the protection for shareholders and avoiding this seemingly abuse of power by our CEO. This may perhaps also be in the publics best interests if there are still other Venture companies out there trading under similar lax by laws which contradict the security of the markets for investors.

Also, the Financial Minister or Lieutenant Governor of Council could have easily asked the BCSC to act on this, we did send letters to both as far as I know. The 2 just mentioned have a duty to act in the publics best interest . A simple order saying that the CEO could not inconsiderate our votes would have avoided all this expense to burdened shareholders, use of the Courts time and the extra burden put upon our companies treasury at such a precarious time, not to mention any insecurity this may have or still is affecting investors in the markets.

IMO

Powers of the commission

27 (1) If the commission considers it to be in the public interest, the commission may make any decision respecting the following:

(a) a bylaw, rule or other regulatory instrument or policy, or a direction, decision, order or ruling made under a bylaw, rule or other regulatory instrument or policy, of a self regulatory body, an exchange, a quotation and trade reporting system or a clearing agency;

(b) the procedures or practices of a self regulatory body, an exchange, a quotation and trade reporting system or a clearing agency;

(c) the manner in which an exchange carries on business;

(d) the trading of securities or exchange contracts on or through the facilities of an exchange, or the trading of securities on or through the facilities of a quotation and trade reporting system;

(e) an exchange contract trading on an exchange;

(f) a security listed on an exchange or quoted on a quotation and trade reporting system;

(g) issuers, whose securities are listed on an exchange or quoted on a quotation and trade reporting system, to ensure that they comply with this Act and the regulations.

(2) A person affected by a decision made by the commission under subsection (1) must act in accordance with the decision.

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