It is an interesting time - for sure and October draws closer - can't wait. Should be an exciting summer. I know there are many curious and intelligent minds in Newfoundland and Labrador. Let your imagination flow as you read the content below. I will fill you in - week by week.
"Marino Specogna is a convicted stock market manipulator who exposes in a straight forward manner the deceptive techniques used by manipulators and traders to scam your hard earned dollars. The book goes into detail on the factors an individual investing in the stock market should be alerted to, to avoid being scammed.Included in the book are details on company share structure, tricks of manipulators and crooks on how to create share positions, facts never before disclosed in written form. After reading the book an individual will know how a scam deal is initiated, how the scam is furthered and how the manipulator manipulates a stock. The methods of a manipulator are exposed and can be detected by the reader in real time deals currently trading.This book may reveal methods that shock you and will leave you shaking your head in disbelief for a long time to come."
96/09
March 8, 1996
Securities Commission Releases Specogna Decision
Released: February 29, 1996 Contact: Ron Messent 660-4800 or (BC only) 1-800-373-6393The British Columbia Securities Commission has prohibited Marino Specogna from participating in the securities markets for 20 years for manipulating the shares of Doromin Resources Ltd., a Vancouver Stock Exchange listed company. Marino Specogna was a director of Doromin and ran its day to day affairs.
In addition, the Commission prohibited Marino Specogna from acting as an officer or director of any reporting issuer for 20 years and ordered that he pay an administrative penalty of $35,000.
On the basis of evidence at the hearing, the Commission concluded that Marino Specogna was responsible for a number of significant violations of securities regulatory standards, many of which were intentional, including:
- disseminating false assay results, which created a misleading appearance of trading activity in, and an artificial price for, the shares of Doromin traded through the Exchange on December 1, 1989, contrary to section 41.1 of the Act;
- trading in 13 brokerage accounts, which created a misleading appearance of trading activity in, and an artificial price for, Doromin shares in 1993, contrary to section 41.1 of the Act;
- failing to file insider reports contrary to section 70 of the Act;
- causing Specogna Minerals, a control person of Doromin, to distribute Doromin shares without a prospectus or available exemption contrary to section 42 of the Act.
The Commission said:
"One of the purposes of securities regulation is to develop and maintain a fair and efficient market that warrants public confidence. Where a person trades in a security and knows that the trading activity creates a misleading appearance of trading activity, and an artificial price, for a security traded on the Exchange, this purpose is frustrated. Fiction is substituted for fact. ....the market for Doromin shares was distorted by Marino Specogna and made into a stage-managed performance. The trading .... had an enormous illusory effect on the reported trading activity in Doromin. We find that Marinos Specognas trading of Doromin shares through the Group Accounts in 1993, seriously prejudiced the public interest."
The Commission also determined, based on various contraventions of the securities legislation, that it was in the public interest to make the following orders, that:
- Specogna Minerals Corporations trading privileges be withdrawn for 20 years; Specogna Minerals is a private company owned by Efrem and Lucia Specogna;
- Efrem Specognas trading privileges be withdrawn for four years and that he pay an administrative penalty of $5,000; Efrem Specogna was a director and the president of Doromin; and
- Lucia Specognas trading privileges be withdrawn for one year and that she pay an administrative penalty of $1000.
The British Columbia Securities Commission is a provincial government agency responsible for regulating trading in securities and exchange contracts.
Copies of the Commission's decision (21 pages) may be obtained in person at 1100 - 865 Hornby Street, Vancouver, British Columbia.
RENO, Nev., May 19, 2011 /PRNewswire/ -- Potash America, Inc. (OTCBB: PTAM) (the "Company") announced today that during mid-March, the company entered into a Letter Of Intent covering the purchase of 100% of the potash claims located in Newfoundland, Canada title 018321M that is part of the historic St. Finton's Potash Intercept.
Mineral Rights Inquiry Report
Thursday, May 19, 2011| Last Updated: | 2011/03/16 | ||||
| Licence Number: | 018321M | ||||
| File Number: | 775:1680 | ||||
| Original Holder: | Specogna, Marino | ||||
| Licence Holder: | Habitants Minerals Ltd. | ||||
| Address: | 500 - 120 Eglinton East Toronto, ON Canada, M4P 1E2 | ||||
| Licence Status: | Issued | ||||
| Location: | Robinsons River,Western Nfld | ||||
| Electoral Dist.: | 11 St. George's-Stephenville | ||||
| Recorded Date: | 2010/12/03 | ||||
| Issuance Date: | 2011/01/03 | ||||
| Renewal Date: | 2016/01/03 | ||||
| Report Due Date: | 2012/03/05 | ||||
| Org. No. Claims: | 11.0000 | ||||
| Cur. No. Claims: | 11.0000 | ||||
| Recording Fee: | $110.00 | ||||
| Receipt(s): |
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| Deposit Amount: | $550.00 | ||||
| Deposit: |
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| Map Sheet No(s): | 12B/02 |
| Comments: | |
| Mapped Claim Description: | |
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| Land Claims (effective 2005/12/01): | |||||
| LISA: 0.00% | LIL: 0.00% | VBP: 0.00% | Crown: 100.00% | ||
| Extensions: | None |
| Work Reports: | None | |
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| Licence Transfers: | |||||||||||||||||||||
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| Partial Surrenders: | None |
| This Licence replaces Licence Number(s): | None |
| This Licence is replaced by Licence Number(s): | None |
| Work Report Descriptions: | None |
| Detailed breakdown of projected required expenditure: | |||||||||||||||||||||||||||||||||||
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