I agree Sculpin, and I strongly urge those who have not sent a formal complaint to the BCSC about St. Elias Mines and Lori McClenahan refusing to acknowledge her shareholders votes to consider doing so.
I sent in a formal complaint last week by following this link:
http://www.investright.org/file_complaint.aspx
In my complaint I focused on one thing: Lori McClenahan, as President and CEO of St. Elias Mines, refusing to acknowledge the overwhelming vote of St. Elias shareholders. I would recommend if you are considering a formal complaint to focus on this point only as many on this forum have suggested and as the Green Team's legal representation is also doing.
Even though there are many, many other reasons to file complaint after complaint about how this company has been run, focusing on this point only gives authorities and regulators one clear cut reason to investigate St. Elias Mines which could speed up the entire process by a large measure.
Below is the response I received from the BCSC:
Thank you for contacting the British Columbia Securities Commission regarding St. Elias Mines Ltd.
Complaints, such as yours, are important to us. They can be the first indicator of a scam or other wrongdoing. We carefully consider each complaint.
We investigate complaints to enforce compliance with the Securities Act and to sanction securities market misconduct. We also refer complaints to other regulatory jurisdictions or self-regulatory bodies when appropriate. Not all complaints result in an investigation or a public sanction.
Staff cannot comment on an investigation unless it becomes a matter of public record. By keeping information confidential, we protect the integrity of investigations, ensure the complaint process is not used to affect the market, and maintain fairness to those who may be the subject of a complaint that does not result in an investigation or sanction .
We appreciate that you made the effort to send us this information. We will contact you again if further information is required.
In the meantime, if you have any comments or questions, contact our Inquiries Group in Vancouver at (604) 899-6854 or toll free 1-800-373-6393 or email: Inquiries@bcsc.bc.ca.
Please refer to your Enquiry Log number listed below. Thank you again for taking the time to contact us.
Enquiry Log: ######
British Columbia Securities Commission
PO Box 10142, Pacific Centre
701 West Georgia Street
Vancouver, BC V7Y 1L2
Inquiries@bcsc.bc.ca
604 899-6500 - Main switchboard
604 899-6854 - Inquiries or Complaints
1 800 373-6393 - Toll Free in Canada
604 899-6506 - Fax
