The following is a re-post of Stockhouse Post #31917291 by elucido on December 16, 2012.
12/16/2012 9:47:26 AM | | 129 reads | Post #31917291
The law that has been violated is defamation (the posting of untrue information). National Instrument 51-201, Section 6.13 is a regulation of the BCSC, by violating that a company will not face legal sanctions (that comes from the defamation), they will face sanctions from the various regulatory bodies (BCSC, IIROC, TSX, etc.) which may include fines and a possible delisting of the company from the TSX (not sure if the delisting can happen from violation of NI 51-201 or if it will happen because of the defamation). Anyone who does not specifically work for said company does not have to worry about having violated National Instrument 51-201, Section 6.13 as the regulatory bodies have no power over them to impose sanctions, but they still have to worry about the charge of defamation, which is more serious by far to the average joe.
So to review, committing defamation (a Canadian law) and violating NI 51-201 (a BCSC regulation) are two separate things, both can apply to a company (or officers therein), but only defamation can apply to an individual.
Questions for elucido: Do you still stand-by the content of your Post #31917291 on December 16, 2012? Do you still maintain that TUO and/or certain individuals violated National Instrument 51-201, Section 6.13? Or would you rather issue a retraction and apology? Just asking. Peace and love. xoxoxoxo
Disclosure and Disclaimer: I own shares of TUO, and this is not investment advice. In this post, I am exercising my fundamental human rights of freedom of speech and freedom of expression. I'm not providing legal advice, and I'm not accusing anyone of wrongdoing. I had absolutely no involvement with Post #31917291 by elucido on December 16, 2012, and I’m merely re-posting it for Stockhouse discussion purposes. The questions reflect my opinions and desire for the truth. I urge all readers of this post to consider the context of this freewheeling, anything-goes "bull" board on Stockhouse -- and I emphatically suggest that it is not reasonable for anyone to rely upon anything that I have written or take offense; after all, it is just a silly "bull" board which contains lively back-and-forth debate.