Saturday, November 17, 2012

Openly violating a BCSC CTO ... Update

UPDATE : November 18
A TWICE over of the latest SEC filing from juggernaut Double Crown Resources (DDCC.o) has failed to reveal where the very critical disclosure is related to an active and outstanding CTO from the BCSC.
Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I hereby certify that, to the best of my knowledge, the Quarterly Report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date: November 13, 2012
/s/ Jerry Drew
Jerry Drew
Chief Executive Officer and Chief Financial Officer
Going back further, to Q1, there is still no apparent mention made of the somewhat material fact that the co has a live CTO outstanding. Also we finally learn that Denarii is and has always been incorporated in Ontario.
Date: May 25, 2012
/s/ David Figueiredo
David Figueiredo,
Chief Executive Officer, President

Well citizens, our inquiries into the activities of Vancouver promoters Mr. and Mrs. Donald Rutledge have revealed they are very openly and blatantly violating a Cease Trade Order issued against Double Crown Resources DDCC.o by the BCSC.

Base of operations for the securities crime are the offices of Vancouver promoter Robert Gardner, long time partner of Mr. Rutledge.

"On September 10, 2009, we received the CTO from the BCSC, which is limited to the Province of British Columbia, for not filing certain reports, including a technical report under Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), respecting certain disclosures. As a consequence of the CTO, we have engaged legal counsel in connection with this matter in order to determine the exact manner in which we will be able to satisfy the requirements of disclosure rules and regulations as required by the parameters as set forth for foreign issuers under BCSC rules and regulations, including Canadian National Instrument 71-102."

Company has an active and outstanding CTO from the BCSC.

What does this mean?

Three years ago the BCSC cease traded Denarii Resources Inc., the predecessor company, and in February of this year CTOed Double Crown Resources. The continued promotion and sale of these securities is illegal.

We should note Mr. Rutledge is an undischarged bankrupt, having been petitioned into bankruptcy by the CCRA. 

"Don Rutledge has been swimming in debt since at least March 2003, when he was petitioned into bankruptcy by Canada Revenue Agency. His declared liabilities totalled $4.4 million, including $2.6 million owed to CRA, against only $1,680 in assets.

Since then, both the bankruptcy trustee, Deloitte & Touche, and CRA have opposed his discharge on grounds that he continued to maintain a high standard of living, failed to provide monthly income and expense reports, and tried to shield his assets and income from creditors and the trustee "either by structuring business transactions through his wife or by using offshore entities."