VMS wins identifying orders for Stockhouse posters
Ticker Symbol: C:VMS

VMS wins identifying orders for Stockhouse posters

VMS Ventures Inc (C:VMS)
Shares Issued 129,668,399
Last Close 9/10/2012 $0.205
Tuesday September 11 2012 - Street Wire

by Mike Caswell

VMS Ventures Inc. has won court orders directing Stockhouse Publishing Ltd. to turn over identifying information for four forum posters who allegedly defamed the company. The orders, handed down on Wednesday, Sept. 5, by Supreme Court Justice Barry Davies, compel Stockhouse to provide IP addresses for the users, as well as names and any other information that could help identify them. Stockhouse did not contest the matter.

The orders come after VMS filed four petitions in the Supreme Court of British Columbia complaining of posts by the users that were heavily critical of the company, including some that accused management of insider trading and market manipulation. One of the users called management members "clowns" and said they were "busy shagging sheep instead of running a company." Another called the company a "classic pump and dump." The company said the posts were false and malicious.

Infojex

 

JohnRoozendaal125

 

The four users subject to the orders are "tamerackerdown"; "nttg2005"; "U3082014"; and a user that posted under several variations of the alias "axeman." Details of their posts are contained in affidavits filed by VMS president John Roozendaal on Aug. 29, 2012.

, 2012. One, dated Feb. 14, 2012, read: "The management has been dissapionting and are lossing there credibility fast. it shows on all the other companies they own. The are busy shagging sheep instead of running a company. I will not be purchasing any shares in any company that I see these guys on ever again."

The final set of posts that VMS complained of appeared between April 30, 2012, and June 12, 2012, under the name "U3082014," and implied that the company was withholding material information. One post, dated June 12, 2012, read: "Maybe the insiders know something YOU don't, like this thing might be tied up in court for 10 years ....? Meanwhile the money is being spent and VMS is on the hook for 23 million, I hope they can pay it back???" Another post by the same user stated, "VMS .... perfect stock for LOSERS!!!!"

VMS's petitions complained that the posts were freely available on the Internet for anybody to read from the time they were written until Stockhouse deleted them. The company sought (and has now won) court orders compelling Stockhouse to help it identify the users. Presumably the company will now attempt to obtain the actual names of the posters from their Internet service providers.

Vancouver lawyer Andrew Aguilar filed the petitions on behalf of VMS Ventures.

© 2012 Canjex Publishing Ltd.


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31516454&l=0&r=0&s=VMS&t=LIST#ACDGPb6uFiI04wf1.99