Hi all..
I've been away most of the afternoon. I'm so disgusted to see what viscious manipulation occurred in our stock price today.
The OSC should look into this trading immediately. As some of you know, I have written to the OSC to complain, and request their investigation.
Just tonight I have sent a copy of my letter to the GLOBE and MAIL hoping they might pick up on the outrage of it all. (See REPOST below).
Keep your spirits up, friends. Right will prevail in the end.
Jacki79
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To the Editor and colleagues....
I am attaching a copy of a letter I have written to the Ontario Securities Commission. It is self explanatory. It relates to an incredible assault on shareholder rights by a band of greedy and dishonest Hedge Fund Big Boys whose actions typify what is causing the frightening plummet in the financial markets today. A small, brilliantly managed mining company has been brutally assaulted by ROSSEAU ASSET MANAGEMENT, a Hedge Fund of dubious distinction. Their ongoing tactics of naked short selling have all but destroyed this fine, entrepreneurial mining company, and with it the hard earned assets of shareholders and the lifetime achievement of its CEO, Mr. Richard Nemis. as well as extraordinary mining prospects for Canada. Richard Nemis is beloved by his shareholders, and we small shareholders have joined with him to fight the Big Hedge Fund Boys. I believe this unfolding story will strike a sympathetic chord with your readers, and I hope that your excellent paper will give some coverage to this modern"David and Goliath" tale.
Thanks for your consideration. I would appreciate a response from you.
Respectfully,
Jacki Jackson
Noront Shareholder
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Mrs. Wendy Dey
Director of Communications and Public Affairs
OSC
Dear Director Dey,
A tragedy is occurring in the Investment World of the Canadian markets ,and has been going on for many months, if not years. As a small shareholder, in a most extraordinary exploration company called Noront Resources,(NOT.v) I have witnessed the unrelenting shorting of this dynamic mining company. A few days ago, unscrupulous outsiders (Rosseau Asset Management) made a final assault to take over the company and a proxy battle is now in progress. What usually follows is the destruction of corporate assets and the pathetic disregard of shareholders interests. It is a sad story that has been evidenced many times ...the decimation of small exploration mining companies by greedy Hedge Funds and other Manipulators. Naked short selling drives the company's price down to all most nothing, and then greedy operators step in with their co -conspirators to demolish what is left of the targeted company.
This is such an outrage, but the problem is continually overlooked by the authorities. Many have asked repeatedly for an investigation of these practices that are destroying the confidence and participation of investors.
I am a disillusioned investor from Ft. Myers, Florida because of these practices. I plead with you now to take a serious look at the injustice that is occurring. The Canadian investment world is better than this chicanery!
Noront shareholders have been assaulted by this band of greedy outsiders who are attempting to steal from us what is rightfully ours... a company that we have all prized because of the extraordinary leadership of our CEO, Richard Nemis and his team. He has done a brilliant job of exploring, creating and leading what might well become one of greatest mining centers in Canada, if not the world! And we are NOT going to let his lifetime of dedication and integrity be stolen from him, or us!
Noront's recent extraordinary discoveries are going to bring fame and fortune to the McFaulds Lake area, and other areas as well. The Canadian government should look into this questionable trading and manipulation. Noront deserves the right to develop the great Gold/Nickel/Chrome deposits that appear to be there! A major proxy fight is underway this week between Rosseau Asset Management and his ilk. We are "David", but our hearts are full of admiration for Richard Nemis and we are determined to stand up to "Goliath"!
I hope you will give this matter your serious attention. Please help Noront to fulfill its great potential for the Canadian mining industry.
I'd appreciate hearing from you.
Respectfully,
Jacki Jackson
Noront Resources shareholder
