KRN Shareholders

Updated Information

 

 

 

Jan 21, 2022 - Who watches for anything?

 


From: nmphinney@kmts.ca
To: CAgapie@ombudsman.on.ca; info@ombudsman.ab.ca; Marc.Arseneault@asc.ca; complaints@asc.ca; contactcentre@fsrao.ca; contactcentre@fsrao.ca; enforcement-intake@osc.gov.on.ca; fcaa@gov.sk.ca; breana.ferrara@cibc.com; Ken.Foster@gov.sk.ca; info@fcac-acfc.gc.ca; highwood@assembly.ab.ca; InvestorInquiries@iiroc.ca; Inquiry@auditor.on.ca; peter.kiley@cibc.com; Samantha.Leclerc@fcac-acfc.gc.ca; ministryofjustice@gov.ab.ca; ombudsman@obsi.ca; attorneygeneral@ontario.ca; info@ombudsman.on.ca; inquiries@osc.gov.on.ca; jraja@mfda.ca; jus.minister@gov.sk.ca; security@dominionvoting.com; shannon.joblin@cibc.ca; julieanne.head@tmx.com; tips@reuters.com; Harvey.White@gov.sk.ca
Cc: nmphinney@kmts.ca
Sent: Friday, January 21, 2022 1:00 PM
Subject: who is in charge
 

https://www.securities-administrators.ca/resources/access-rules-policies/

 

 

 

Access Rules & Policies

                                                                                                                                                                                                                                                                                

The CSA rules or regulations are largely harmonized as either National or Multilateral Instruments and are numbered in a uniform way. However, they are adopted as local subordinate legislation under each Canadian province’s or territory’s Securities Act or other applicable acts. A National Instrument is an instrument that has been adopted in all thirteen Canadian provinces and territories. A Multilateral Instrument is an instrument that has been adopted in more than one, but not all Canadian provinces and territories.

The list below includes only the National and Multilateral Instruments currently in force. These instruments, as they are in effect in each Canadian province or territory, can be found on the websites of the CSA members:

Click here for PDF version of this list (PDF). Note National instruments, multilateral instruments, national policies and CSA notices are not available on the CSA website but rather on our members’ websites. 

1. Procedure and Related Matters

  • Multilateral Instrument 11-102 Passport System

In effect: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Québec, Saskatchewan, Yukon
Not in effect: Ontario

  • Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple Jurisdictions

In effect: British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nunavut, Prince Edward Island, Saskatchewan, Yukon
Not in effect: Alberta, Nova Scotia, Ontario, Québec
Note: Alberta, Nova Scotia and Québec have not adopted MI 11-103 because they are relying on their respective statutory provisions providing for automatic reciprocation of enforcement orders from other jurisdictions, which substantively provide the same result as MI 11-103. British Columbia, Saskatchewan and Manitoba also have a similar statutory provision but MI 11-103 remains in effect in those provinces. New Brunswick is in the process of repealing MI 11-103 because it has adopted a similar statutory provision. Ontario currently does not have a statutory provision for automatic reciprocation of enforcement orders.

  • National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)
  • Multilateral Instrument 13-102 System Fees for SEDAR and NRD

Note: This instrument has been implemented by all CSA members either by rule or by regulation. It remains a multilateral instrument because Manitoba does not have legislative authority to adopt it as a rule, and instead implemented the same requirements as a regulation: Regulation 158/2013 under the Manitoba Securities Act, System Fees for SEDAR and NRD Regulation

  • National Instrument 14-101 Definitions

2. Certain Capital Market Participants

  • National Instrument 21-101 Marketplace Operation
  • National Instrument 23-101 Trading Rules
  • National Instrument 23-102 Use of Client Brokerage Commissions
  • National Instrument 23-103 Electronic Trading and Direct Access to Marketplaces
  • National Instrument 24-101 Institutional Trade Matching and Settlement
  • National Instrument 24-102 Clearing Agency Requirements
  • National Instrument 25-101 Designated Rating Organizations

3. Registration and Related Matters

  • National Instrument 31-102 National Registration Database
  • National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations
  • Multilateral Instrument 32-102 Registration Exemptions for Non-Resident Investment Fund Managers

In effect: Newfoundland and Labrador, Ontario and Québec
Not in effect: Alberta, British Columbia, Manitoba, New Brunswick, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan, Yukon
Note: The non-participating jurisdictions have instead adopted Multilateral Policy 31-202 Registration Requirement for Investment Fund Managers. The interpretation of the investment fund manager registration requirement in these jurisdictions is significantly different from MI 32-102.

4. Distribution Requirements

  • National Instrument 41-101 General Prospectus Requirements
  • National Instrument 43-101 Standards of Disclosure for Mineral Projects
  • National Instrument 44-101 Short Form Prospectus Distributions
  • National Instrument 44-102 Shelf Distributions
  • National Instrument 44-103 Post-Receipt Pricing
  • National Instrument 45-102 Resale of Securities
  • National Instrument 45-106 Prospectus Exemptions
  • Multilateral Instrument 45-107 Listing Representation and Statutory Rights of Action Disclosure Exemption

In effect: Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Québec, Saskatchewan, Yukon
Not in effect: British Columbia, Ontario
Note: British Columbia and Ontario chose not to participate in MI 45-107 because they each have a measure that addresses the same issues (OSC Rule 45-501 Ontario Prospectus and Registration Exemptions and BCSC Notice 47-701 Blanket Permission under Section 50(1)(c) of the Securities Act)

  • Multilateral Instrument 45-108 Crowdfunding

In effect: Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec, Saskatchewan
Not in effect: British Columbia, Newfoundland and Labrador, Prince Edward Island, Northwest Territories, Nunavut, Yukon

5. Ongoing Requirements for Issuers and Insiders

  • National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
  • National Instrument 51-102 Continuous Disclosure Obligations
  • Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets

In effect: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Québec, Saskatchewan, Yukon
Not in effect: Ontario

  • National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards
  • National Instrument 52-108 Auditor Oversight
  • National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings
  • National Instrument 52-110 Audit Committees
  • National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer
  • National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI)
  • National Instrument 55-104 Insider Reporting Requirements and Exemptions
  • National Instrument 58-101 Disclosure of Corporate Governance Practices

6. Take-Over Bids and Special Transactions

  • Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions

In effect: Alberta, Manitoba, New Brunswick, Ontario, Québec, Saskatchewan
Not in effect: British Columbia, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Yukon

  • National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues
  • National Instrument 62-104 Take-Over Bids and Issuer Bids

7. Securities Transactions Outside the Jurisdictions

  • National Instrument 71-101 The Multijurisdictional Disclosure System
  • National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

8. Investment Funds

  • National Instrument 81-101 Mutual Fund Prospectus Disclosure
  • National Instrument 81-102 Investment Funds
  • National Instrument 81-104 Alternative Mutual Funds
  • National Instrument 81-105 Mutual Fund Sales Practices
  • National Instrument 81-106 Investment Fund Continuous Disclosure
  • National Instrument 81-107 Independent Review Committee for Investment Funds

9. Derivatives

  • Multilateral Instrument 91-101 Derivatives: Product Determination

In effect: Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan, Yukon
Not in effect: Manitoba, Ontario, Québec
Note: The derivatives product determination regime is largely harmonized across Canada because MSC Rule 91-506 Derivatives: Product Determination, OSC Rule 91-506 Derivatives: Product Determination and AMF Regulation 91-506 respecting Derivatives Determination provide substantively the same result as MI 91-101

  • National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives
  • National Instrument 94-102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions
  • Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting

In effect: Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan, Yukon
Not in effect: Manitoba, Ontario, Québec
Note: The derivatives reporting regime is largely harmonized across Canada because Rule 91-507 Trade Repositories and Derivatives Data Reporting, Exemption for Trade Repositories from certain trade reporting requirements in Manitoba Securities Commission Rule 91-507, OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting and AMF Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting provide substantively the same result as MI 96-101.

* Information was last updated on December 12, 2020.

 

 

 

Jan 19, 2022 - Ontario Obusman Rejects investigation of KRN 2018 Vote

 

------ Original Message ------
From: cjackson.krnshareholder@gmail.com
To: nmphinney@kmts.ca
Sent: Wednesday, January 19, 2022 10:31 AM
Subject: Fwd: Your email to our Office
 
FYI
 
---------- Forwarded message ---------
From: INFO <info@ombudsman.on.ca>
Date: Wed, Jan 19, 2022 at 8:13 AM
Subject: Re: Your email to our Office
To: cjackson.krnshareholder@gmail.com <cjackson.krnshareholder@gmail.com>
 
Our File No. 401568
 
This is in response to your email to our Office complaining about voter fraud/suppression that took place at the Karnalyte Resources 2018 annual meeting. 
 
The Ontario Ombudsman is appointed under the Ombudsman Act as an Officer of the Ontario Legislature, independent of political parties and government administrators. Our Office has the authority to conduct impartial reviews and investigations of complaints regarding the administrative conduct of provincial government organizations. We also have the authority to review the administrative conduct of municipal sector entities, publicly funded universities, and school boards, as well as complaints about the provision of French language services, children’s aid societies and residential licensee services.
 
However, our Office’s oversight does not include private bodies, such as Karnalyte Resources and as such; we are unable to review the issues you have raised.
 
I note that you have also sent your email to the Ontario Securities Commission (OSC). Given the available avenues to address your concerns with the OSC, our Office’s involvement is premature at this time. Our Office does have jurisdiction over the OSC, and I invite you to contact us again if you receive a response from the OSC that raises concerns about their administrative conduct. 
 
At that time we can review the response and determine our role, if any.
 
I hope that the information provided may be helpful to you.
 
Please feel free to contact our Office again if you wish to complain about a government organization, within our jurisdiction. 
 
Thank you for contacting the Office of the Ombudsman of Ontario.
 
Regards,
 
 
 
Calum McCowan
Information Officer 
 

Office of the Ombudsman of Ontario | Bureau de l’Ombudsman de l’Ontario 
1-800-263-1830 - Complaints Line | Ligne des plaintes 
1-866-411-4211 - TTY | ATS 
www.ombudsman.on.ca | Facebook | Twitter 
Subscribe to our e-newsletter | Abonnez-vous à notre e-bulletin

 
 

This email is intended only for the named recipient(s) and may contain confidential information, protected under the Ombudsman Act. If you receive it by error, please notify the sender and delete this message without delay, and do not use, distribute, copy, or disclose its contents.
Ce courriel est uniquement adressé au(x) destinataire(s) nommé(s) et peut contenir de l'information confidentielle, protégée en vertu de la 
Loi sur l'ombudsman. Si vous le recevez par erreur, veuillez aviser l’expéditeur et supprimer ce message au plus vite, sans utiliser, distribuer, copier ou divulguer son contenu.

 

 

June 4, 2018 - Running total Voter Fraud #3

 

[Edit : New totals - So with these 5 voter frauds, KARNALYTE LOST!! the vote in any scenario.

 

Regulators, there are 36 MORE voter fraud items. 

 

At which point are you going to take action? ]

 

           
Today's Vote Totals the Karnalyte changed (abstained) 1,964,548
           
Election of Directors (2018 Results) (From Sedar.com)
Name  Votes For  %Votes For  Votes Withheld  %Votes Withheld  
Mark Zachanowich  9,697,555 55.31 7,837,010 44.69  
W. Todd Rowan  9,639,041 54.97 7,895,524 45.03  
Peter Matson  9,680,555 55.21 7,854,010 44.79  
Gregory Szabo  9,697,555 55.31 7,837,010 44.69  
Vishvesh D. Nanavaty  9,594,051 54.72 7,940,514 45.28  
Sanjeev V. Varma  9,579,051 54.63 7,955,514 45.37  
           
           
           
Diff of votes New votes removed New Voted For % New votes added Today's Diff New Votes Witheld NOW
-1,860,545 7,733,007 44.10% 9,801,558 2,068,551 55.90%
-1,743,517 7,674,493 43.77% 9,860,072 2,185,579 56.23%
-1,826,545 7,716,007 44.00% 9,818,558 2,102,551 56.00%
-1,860,545 7,733,007 44.10% 9,801,558 2,068,551 55.90%
-1,653,537 7,629,503 43.51% 9,905,062 2,275,559 56.49%
-1,623,537 7,614,503 43.43% 9,920,062 2,305,559 56.57%
           
And even to give the benefit of doubt Original KRN Values NOT Changed
  not removing votes Orginal Values New Voted For % New votes added Today's Diff New Votes Witheld NOW
  9,697,555 49.73% 9,801,558 104,003 50.27%
  9,639,041 49.43% 9,860,072 221,031 50.57%
  9,680,555 49.65% 9,818,558 138,003 50.35%
  9,697,555 49.73% 9,801,558 104,003 50.27%
  9,594,051 49.20% 9,905,062 311,011 50.80%
  9,579,051 49.13% 9,920,062 341,011 50.87%

 

June 4, 2018 - Part 5 of Voter Fraud Evidence

 

January 14, 2022

 

 

PROOF OF KARNALYTE 2018 VOTE FRAUD

 

Following an inquiry to CIBC regarding changes to his personal votes cast at the 2018 KRN Annual Meeting, Stan Phinney received confirmation of multiple vote changes that KRN management orchestrated to win an “uncontested” vote for the entire Board of Directors. A WITHHOLD vote over 50% would have resulted in the entire board resigning.

EXHIBIT 5 of 40+:  See Attached Source:  AST proxyvote.com

via Meera Dial, Senior Account Processing Officer, CIBC

Broker:           CIBC Wood Gundy

 

Shareholder:            Nancy PHINNEY Shareholder Vote Confirmation:           June 4, 2018

Shares voted:          16,708

 

Votes Cast:              WITHHOLD ALL

 

VOTE CHANGED: WITHOLD ALL to ABSTAINED (not counted)

 

AST Vote Record:  Abstained

 

 

Page 2

Attachment 1:   Screenshot of file sent to Stan Phinney from Kathy Sundell CIBC, in response to his complaint about a second voter package sent out by AST/King using the same proxy numbers. This led to the discovery that AST could reopen the CLOSED vote files and alter the vote from WITHHOLD ALL to ABSTAIN.

 

Attachment 2:   Email communication between Meera Dial, CIBC Toronto and Kathy Sundell, CIBC Wood Gundy, Thunder Bay.

 

Attachment 3:

Nancy Phinney’s Control Numbers : 2294 5862 5039 6806

2571 4399 9268 8366

 

 

Attachment 4: Nancy Phinney’s Vote Record with confirmation number - Vote cast: WITHHOLD ALL

 

June 4, 2018 - Part 4 of Voter Fraud Evidence

 

January 14, 2022

 

 

PROOF OF KARNALYTE 2018 VOTE FRAUD

 

Following an inquiry to CIBC regarding changes to his personal votes cast at the 2018 KRN Annual Meeting, Stan Phinney received confirmation of multiple vote changes that KRN management orchestrated to win an “uncontested” vote for the entire Board of Directors. A WITHHOLD vote over 50% would have resulted in the entire board resigning.

EXHIBIT 4 of 40+:  Attached Source:  AST proxyvote.com

via Meera Dial, Senior Account Processing Officer, CIBC

Broker:           CIBC Wood Gundy

 

Shareholder:            Stan PHINNEY

 

Shareholder Vote Confirmation:      June 4, 2018

 

Shares voted:          74,288

 

Votes Cast:              WITHHOLD ALL

 

VOTE CHANGE:   WITHOLD ALL to ABSTAINED (not counted)

 

AST Vote Record:  Abstained    Proxy: Management

 

 

Page 2

Attachment 1:   Screenshot of file sent to Stan Phinney from Kathy Sundell CIBC, in response to his complaint about a second voter package sent out by AST/King using the same proxy numbers. This led to the discovery that AST could reopen the CLOSED vote files and alter the vote from WITHHOLD ALL to ABSTAIN.

 

Attachment 2:   Email communication between Meera Dial, CIBC Toronto and Kathy Sundell, CIBC Wood Gundy, Thunder Bay.

 

Attachment 3:

Stan Phinney’s Control Numbers :  9483 9769 8282 2954

8347 7653 3906 6419

4983 0105 9391 0172

 

 

Attachment 4: Stan Phinney’s Vote Record with confirmation number

- Vote cast: WITHHOLD ALL

 

June 4, 2018 - Running total Voter Fraud #2

 

[EDIT : With  Wheatly's Affidavit, Mr. Van Dam's 1,350,013 votes ALONE, Flip the voting to Karnalyte Losing the entire vote in the First scenario.

 

And in the 2nd scenario, only approx. 500,000 votes away from Karnalyte Completely losing.  

 

Gee, I wonder if we can find an additional 500,000 votes to have Karnalyte completely lose in any formula? 

 

Let us leave the Regulators to Answer that question????

 

Not really as they have done NOTHING about voter Fraud.  We will provide more evidence.

           
Today's Vote Totals the Karnalyte changed (abstained) 1,350,013
           
Election of Directors (2018 Results) (From Sedar.com)
Name  Votes For  %Votes For  Votes Withheld  %Votes Withheld  
Mark Zachanowich  9,697,555 55.31 7,837,010 44.69  
W. Todd Rowan  9,639,041 54.97 7,895,524 45.03  
Peter Matson  9,680,555 55.21 7,854,010 44.79  
Gregory Szabo  9,697,555 55.31 7,837,010 44.69  
Vishvesh D. Nanavaty  9,594,051 54.72 7,940,514 45.28  
Sanjeev V. Varma  9,579,051 54.63 7,955,514 45.37  
           
           
           
Diff of votes New votes removed New Voted For % New votes added Today's Diff New Votes Witheld NOW
-1,860,545 8,347,542 47.61% 9,187,023 839,481 52.39%
-1,743,517 8,289,028 47.27% 9,245,537 956,509 52.73%
-1,826,545 8,330,542 47.51% 9,204,023 873,481 52.49%
-1,860,545 8,347,542 47.61% 9,187,023 839,481 52.39%
-1,653,537 8,244,038 47.02% 9,290,527 1,046,489 52.98%
-1,623,537 8,229,038 46.93% 9,305,527 1,076,489 53.07%
           
And even to give the benefit of doubt Original KRN Values NOT Changed
  not removing votes Orginal Values New Voted For % New votes added Today's Diff New Votes Witheld NOW
  9,697,555 51.35% 9,187,023 -510,532 48.65%
  9,639,041 51.04% 9,245,537 -393,504 48.96%
  9,680,555 51.26% 9,204,023 -476,532 48.74%
  9,697,555 51.35% 9,187,023 -510,532 48.65%
  9,594,051 50.80% 9,290,527 -303,524 49.20%
  9,579,051 50.72% 9,305,527 -273,524 49.28%

 

June 1, 2018 - Wheatly verification of Voter Fraud

 

[EDIT : The following is an Affidavit from Frank Wheatly filed with the Alberta Court of Queens BenchThe Full Affidavit is linked here  This is 108 pages and 3MB in size.  

 

We are highlighting the pages that are relevant to vote fraud (page 86-87).  In Whealtly's own submission, Mr. Van Dam's votes were already submitted and recorded as "Withheld".  So after this date, Karanlyte, including Wheatly who was part of the management of KRN, Change the legally binding vote of Mr. Van Dam. over 1.3 MILLION Share Recorded as WITHHELD - But Ultimately changed by Karnalyte to Abstain!!

 

Regulators - Is this not enough evidence of huge Voter Fraud? 

 

Wait there s more for you to chew on!

 

 

 

June 4, 2018 - Running total Voter Fraud #1

 

[EDIT : We are now keeping a running total of the Shares needed to turn the from Karnalyte Voter Fraud of turning Shareholders votes to Abstain.  As you can see with numbers it does not take a lot to change the outcome of the election.  After only 3 hard pieces of evidence of 3 shareholders' vote changes, you can see the results.  there are 37 more vote changes to come.]

           
Today's Vote Totals the Karnalyte changed (abstained) 573,539
           
Election of Directors (2018 Results) (From Sedar.com)
Name  Votes For  %Votes For  Votes Withheld  %Votes Withheld  
Mark Zachanowich  9,697,555 55.31 7,837,010 44.69  
W. Todd Rowan  9,639,041 54.97 7,895,524 45.03  
Peter Matson  9,680,555 55.21 7,854,010 44.79  
Gregory Szabo  9,697,555 55.31 7,837,010 44.69  
Vishvesh D. Nanavaty  9,594,051 54.72 7,940,514 45.28  
Sanjeev V. Varma  9,579,051 54.63 7,955,514 45.37  
           
           
           
Diff of votes New votes removed New Voted For % New votes added Today's Diff New Votes Witheld NOW
-1,860,545 9,124,016 52.03% 8,410,549 -713,467 47.97%
-1,743,517 9,065,502 51.70% 8,469,063 -596,439 48.30%
-1,826,545 9,107,016 51.94% 8,427,549 -679,467 48.06%
-1,860,545 9,124,016 52.03% 8,410,549 -713,467 47.97%
-1,653,537 9,020,512 51.44% 8,514,053 -506,459 48.56%
-1,623,537 9,005,512 51.36% 8,529,053 -476,459 48.64%
           
And even to give the benefit of doubt Original KRN Values NOT Changed  
  not removing votes Orginal Values New Voted For % New votes added Today's Diff New Votes Witheld NOW
  9,697,555 53.55% 8,410,549 -1,287,006 46.45%
  9,639,041 53.23% 8,469,063 -1,169,978 46.77%
  9,680,555 53.46% 8,427,549 -1,253,006 46.54%
  9,697,555 53.55% 8,410,549 -1,287,006 46.45%
  9,594,051 52.98% 8,514,053 -1,079,998 47.02%
  9,579,051 52.90% 8,529,053 -1,049,998 47.10%

 

 

June 4, 2018 - Part 3 of Voter Fraud Evidence

 

 

[Edit - This section includes the running totals:

 525,958 - Previous Post total

  47,581 - this post

-----------

573,539 - Total Votes Changed to support KarnalytE against the vote by these shareholders (Stay Tuned, A Lot More to come!)
proof of Karnalyte 2018 Vote Fraud not good enough for regulators
proof of Karnalyte 2018 Vote Fraud not good enough for regulators
proof of Karnalyte 2018 Vote Fraud not good enough for regulators
proof of Karnalyte 2018 Vote Fraud not good enough for regulators

 

Jan 11, 2022 - KRN Stockhouse Posting

 

 

Looks like krnshareholders.com have had enough!

 

https://krnshareholders.com/


I am absolutely stunned at the number of regulator contacts that have been advised of concerns regarding DF Kings involvement in the Karnalyte 2018 election results, and yet it appears there has been very little satisfaction for those shareholders to date.

What is it going to take for agencies designed to protect Canada's shareholders to get the lead out of their back pockets, and start protecting these shareholders?


Would it not be considered a huge conflict of interest if DF King was hired to provide the following services a week or so before an AGM, but also hired as the corporations Tabulation Agent to oversee the final votes?

"“The Company has engaged the services of D.F. King, a division of AST Investor Services Inc. (Canada), as its proxy solicitation and information agent. Engaging a proxy solicitor is very common for publicly traded – companies as it helps facilitate shareholder engagement in the governance of the company. Initiating a targeted shareholder engagement effort supports shareholder democracy by ensuring that all shareholders, despite the size of their holdings, receive timely, current, and comprehensive information about the Company and the matters to be voted on at its shareholder meetings. D.F. King has been engaged at an anticipated cost of $125,000 consisting of a base fee of $50,000 and an additional fee of $35,000, if management's nominees are elected and each of the resolutions recommended by management is passed, and a further $40,000, based on the number of votes cast in favour of, or withheld from voting for, each of management's nominees. The total potential cost will be borne by the Company"



So how in the world could DF King be hired as Tabulation Agent considering DF King would have direct access to every shareholders proxy control number?

Even more of a kick in the teeth to shareholders, DF King got paid 6 figures for their services!


There appears to be a real fundamental system flaw in a Canadian corporations shareholders democratic right to vote, if those votes can be changed at the whim of a Transfer Agent hired to ensure victory of incumbent directors.

Even worse, a couple years later the TMX Group acquires AST and in doing so, also DF King when the TMX had already been advised of fraud concerns, according to the folks at krnshareholders.com.


https://www.tmx.com/newsroom/press-releases?id=973



https://www.tsx.com/contact/other-inquiries


Unbelievable!

 

Jan 10, 2022 - KRN fraud and Security Breaches

 

 

 

From: nmphinney@kmts.ca
To: security@dominionvoting.com
Cc: info@ombudsman.ab.ca; Marc.Arseneault@asc.ca; complaints@asc.ca; contactcentre@fsrao.ca; contactus@foxnews.com; valerie.douville@tmx.com; alice.dunning@cibc.com; enforcement-intake@osc.gov.on.ca; fcaa@gov.sk.ca; breana.ferrara@cibc.com; Ken.Foster@gov.sk.ca; info@fcac-acfc.gc.ca; highwood@assembly.ab.ca; yhussain@postmedia.com; InvestorInquiries@iiroc.ca; Inquiry@auditor.on.ca; Samantha.Leclerc@fcac-acfc.gc.ca; ministryofjustice@gov.ab.ca; ombudsman@obsi.ca; attorneygeneral@ontario.ca; info@ombudsman.on.ca; inquiries@osc.gov.on.ca; jraja@mfda.ca; jus.minister@gov.sk.ca; shannon.joblin@cibc.ca; tips@reuters.com; julieanne.head@tmx.com; Harvey.White@gov.sk.ca; noah.zivitz@bellmedia.ca; peter.kiley@cibc.com

 

Sent: Monday, January 10, 2022 1:16 PM
 

Subject: krn fraud and securities breaches

 

 

To whom it may concern:

 

This is my third contact to you showing the votes at Karnalyte AGM were changed. We are posting the details on www.krnshareholders.com.

 

Your site tells us how honesty and integrity are how you build your business.

 

YOUR SYSTEM WAS BREACHED BY AST / D. F. King and no one seems to give a damn.

 

I suggest you follow our website closely as the info will shock everyone. I suggest your legal people read ALL very closely. The truth is coming out.

 

The shareholders of Karnalyte deserve an answer.

 

Yours Truly

 

Stan Phinney

 

Shareholders of Karnalyte Resources

 

 

June 4, 2018 - Part 2 of Voter Fraud Evidence

 

[Edit - This section includes the running totals:

 50,000 - From Previous Posting

185,621 - Previous Post total

290,337 - this post

-----------

525,958 - Total Votes Changed to support KarnalytE against the vote by these shareholders (Stay Tuned, A Lot More to come!)

 

proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators

 

June 4, 2018 - Part 1 of Voter Fraud Evidence

 

[EDIT : This information below has not been modified except for the Account numbers of the individuals who have been blacked out (actuallyly red )  The "vote" column have all words of "Abstain" 90% of these have a last name of "Phinney" and would never have abstained!

 

As the votes do not need much to tip the balance of the vote, We will be keeping a running total of the votes not counted.  

 

This batch has a total votes not counted of 185,621

Total : 185,621 so far]

 

proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators
proof of Karnalyte 208 Vote Fraud not good enough for regulators

 

Jan 28, 2021 - Former Karnalyte Staff and Board members affidavits

 

 

[EDIT: The following 4 affidavits from the previous management of Karnalyte are very telling.  These four individuals are personally responsible for the decision, of what we believe is voter fraud, in 2018.  But here they are 1 year later "complaining" about GSFC that they are bad actors ( very similar to "The Pot calling the Kettle Black")

 

As they all were involved in the decision in what we believe 2018 voter fraud, they all have conveniently left out what they did in 2018 and ONLY focused on events AFTER 2018, in 2019-2020, when GSFC "Screwed them".]

 

 

[EDIT :  Peter Mason affidavits states that one of the issues with GSFC 

"I am informed by Todd Rowan (“Rowan”), a former director, Interim CEO and consultant to KRN, and by Frank Wheatley (“Wheatley”), the former President and CEO of KRN, and verily believe, that on more than one occasion, Varma and Nanavaty has to consult with and seek instructions from their boss, the GSFC MD, on matters in front of the KRN Board for consideration. I verily believe that if the GSFC Nominees have to consult with, and seek instructions from, their boss as how to decide on matters relating to the business and affairs of KRN, then they are not exercising “independent judgement”."

 

[But conveniently does not mention that he was involved in decisions in we believe the Fraud in 2018 Vote]

 

Full Document Link 

 

[EDIT :  Frank Wheatly affidavits states that one of the issues with GSFC 

 

Independence of GSFC Nominees on the KRN Board

 

  1. I verily believe that none of the GSFC Nominees are independent, either by definition, or by conduct.

 

  1. Independent by Definition

 

  1. Nanavaty and Varma are employees of GSFC. Anjaria was a director of GSFC for at least 10 years before he retired in September 2020. Attached and marked as Exhibit “L” to the FDW Affidavit is a copy of GSFC’s notice of Ocober (sic) 1, 2020."

.

[But conveniently does not mention that he was involved in decisions in we believe the Fraud in 2018 Vote]

 

Full Document Link 

 

[EDIT :  Gregory Szabo affidavits states that one of the issues with GSFC 

 

  1. I verily believe that none of the GSFC Nominees are independent.

 

  1. Nanavaty and Varma are employees of GSFC, and Anjaria was a director of GSFC for at least 10 years before he resigned in September 2020. Attached and marked as Exhibit “L” to the FDW Affidavit is a copy of GSFC’s notice of October 1, 2020.

 

  1. I verily believe that being an employee of a major shareholder is a material relationship. I also verily believe that an employee is going to do what is in the best interests of his employer, as his primary responsibility and duty is to his employer. I verily believe that it impossible for an employee of a major shareholder to choose to act in the best interests of all shareholders, rather than in the best interests of his employer.."

.

[But conveniently does not mention that he was involved in decisions in we believe the Fraud in 2018 Vote]

 

Full Document Link 

 

[EDIT :  Todd Rowan affidavits states that one of the issues with GSFC 

 

  1. I verily believe that:
  2.  

    • each of Nanavaty, Varma and Anjaria:
  3.  

      • are nominees of GSFC; and
  4.  

      • have a material relationship with GSFC;
  5.  

    • none of Nanavaty, Varma, or Anjaria are independent, either by definition, or by their actions;
  6.  

    • each of Nanavaty, Varma and Anjaria are acting in bad faith and lying to the Canadian capital markets when they state that they are independent; and
    • their actions do not support a determination of independence"

.

[But conveniently does not mention that he was involved in decisions in we believe he Fraud in 2018 Vote]

 

Full Document Link 

 

Dec - 24, 2021 - A posting from Stockhouse BullBoards about Karnalyte 2018 Voter Fraud

 

 

A posting from Stockhouse BullBoards about Karnalyte 2018 Voter Fraud - from Dan Brown

 

Original Link  

 

Forgot to add for those interested

 

 

I find it extremely telling that a week before the 2018 AGM proxy voting deadline date of June 5, 2018, Karnalyte Resources already filed an Originating Application to the courts requesting a declaration to annul any votes held, controlled, or designated by either Mr. Phinney, Mr. Van Dam.   

 

[EDIT : This is the lawsuit that Mr. Phinney / Mr. Van Dam won 100% against Karnalyte]

On May 28, 2018, Karnalyte filed an Originating Application with the Alberta Court of Queens Bench seeking amoung other things, a court declaration against Mr. Phinney, and Mr. Van Dam to annul any proxies in their control.

So why would any corporation file a declaration request to annul voting privileges until they at least knew the actual voting results to support their concerns. and why were shareholders not notified of this lawsuit at the time it was initiated?

 
During the previous years election in 2017, 15,445,232 shares were voted.
 
Karnalyte already knew in early 2018 that the number of shareholders voting against management was likely to increase from the year previous, due to the huge support behind the 6 nominee requests to be added to the 2018 ballot by Mr Phinney and Mr Van Dam
 
Shareholders may not be aware of this, but corporations can monitor proxy vote activity through daily tabulation reports.

By May 29th 2018, management would have already seen growing Against and Withhold proxies coming in suggesting their May 14th Nitrogen plan announcement was not as popular as first hoped so they released the following press release to encourage support.
 
May 29, 2018  - Karnalyte Welcomes Support from Largest Shareholder as Momentum Builds Behind Management Slate and Resolutions at AGM

“Accordingly, a total of 7,187,523 shares or 25.5% of all Karnalyte's shares have been voted in support of a clean break from the past and a brighter future to the benefit of all shareholders.”

http://karnalyte.com/news/press-releases/karnalyte-welcomes-support-from-largest-shareholder-as-momentum-builds-behind-management-slate-and-resolutions-at-agm/
 
Of the 7,187,523 shares announced in support of management, every single one of those shares were owned by insiders vying for re-election, which would reasonably suggest that by May 29, 2018 no other proxies had been voted in support of management, or they would have promoted them.

If 2017 proxy numbers were any indication in comparison, the 7.2 million shares supporting management would not be enough to hold 50% shareholder approval.   Terrifying right!

In the same press release way down in the fine print, it was also announced DF King was engaged by Karnalyte.
 
“The Company has engaged the services of D.F. King, a division of AST Investor Services Inc. (Canada), as its proxy solicitation and information agent. Engaging a proxy solicitor is very common for publicly traded – companies as it helps facilitate shareholder engagement in the governance of the company. Initiating a targeted shareholder engagement effort supports shareholder democracy by ensuring that all shareholders, despite the size of their holdings, receive timely, current, and comprehensive information about the Company and the matters to be voted on at its shareholder meetings. D.F. King has been engaged at an anticipated cost of $125,000 consisting of a base fee of $50,000 and an additional fee of $35,000, if management's nominees are elected and each of the resolutions recommended by management is passed, and a further $40,000, based on the number of votes cast in favour of, or withheld from voting for, each of management's nominees. The total potential cost will be borne by the Company.”
 

According to DF King every shareholder despite the size of their holdings receives the same timely, current, and comprehensive information about the Company and the matters to be voted on at its shareholder meeting.

Is that really true when several smaller shareholders I know were never contacted before the proxy voting deadline at 9:30 a.m. on Tuesday, June 5, 2018 
 
A heavily fortified AGM was held June 7, 2018 where shareholders in attendance learned that  18,249,487 shares were voted with approx 10 million of those shares in support of managements slate.

The number of withhold votes in 2018 by the corporations’ shareholders was greater than all the combined insider’s shareholding of 7,187,523 shares, which would clearly indicate that the approx. 3 million mystery shares voted in favor of the unpopular incumbents was the difference maker in the election
 
It would take just a few minutes for regulators or Karnalyte to request the number of shares voted for managements slate, and identify those shareholders not deemed as insiders in the 2018 election.

This information appears easily obtained in AST records, as very similar data was presented in the Originating Application evidence againt the defendants to identify every shareholder who designated proxies to Mr Phinney and Mr Van Dam during that same election. 
 
If there is nothing to hide this seems like a very easy, inexpensive solution to disprove fraud allegations, so what’s the hold up?

 

Nov. 30, 2021, KRN 2018 Vote Fraud and Inaction by the ASC and FCAA -Shareholder letter

 

When We first contacted Mr. Foster with the Saskatchewan FCAA, and asked why 50.000 shares of my holdings were not allowed to be voted, the only reply was that if we didn’t like the results of the 2018 Karnalyte AGM was to go hire our own lawyer and pursue this your self. The ASC and the SASKATCHEWAN FCAA refused to look into this and now 38 months we are still being ignored by the lead investigator Mr. Ken Foster.

 

We believe that Canada is a land of laws and the Governing bodies that are put in place to protect Canadian Citizens should do their job.

 

The Alberta Court of Queen Bench has stated that there were votes changed and suppressed in the 2018 election resulting in a number of illegal activities by the board but

appears that the regulators have done nothing in response.

 

As you can see at https://ca.finance.yahoo.com/quote/KRN.TO/history?p=KRN.TO there is a significant number of shares changing hands daily (approx. 200,000 daily on the retail TSX market) so I believe we need to act quickly and as a group, if we want to salvage our investment.  The Alberta Court of Queen’s Bench has stated that there were votes changed and suppressed in the 2018 election resulting in a number of illegal activities by the board but it appears that the regulators have done nothing in response.

 

As an active shareholder in Karnalyte Resources, I am requesting that you take whatever action is required to investigate the vote fraud and suppression that took place at the KRN 2018 annual meeting Election of Directors.

 

Dec 16, 2021, A Shareholder’s Perspective:  Karnalyte Resources 2018 Vote Fraud Results in Complete Foreign Takeover of Premier Canadian Resource for a token $44 M investment.

 

[EDIT : Updated for clarity]

A Shareholder’s Perspective: Karnalyte Resources 2018 Vote Fraud Results in Complete Foreign Takeover of Premier Canadian Resource for a token $44M investment. C R Jackson, Shareholder

Company Overview:

KRN is a highly advanced Magnesium and Potash surface-facility solution-mining development at the construction-ready stage. It has the capability of producing over 2 million tons of high grade granular Potash plus 100,000 tons of high purity Magnesium Chloride brine and Hydromagnesite annually. Karnalyte is positioned to be the poster child for greenfield potash mining offering a premium product with the lowest environmental impact and no salt tailings or tailing ponds.

 

Securities Regulators Fail To Act:

In 2018, the Board of Directors staged what appears to be a well planned corporate takeover by the East Indian Government company Gujarat State Fertilizer and Chemicals Ltd (GSFC). The Alberta Court of Queen’s Bench has described this action as Corporate Terrorism. The Saskatchewan FCAA (Investigative Branch) and the Alberta Securities Commission have received hundreds of complaints from KRN Shareholders but, to date, have done nothing to address any of the complaints. Instead, by failing to act, they have encouraged the GSFCcontrolled KRN Board to continue its efforts to undermine share value and allow the company to write off its multi-billion dollar asset.

 

Targeted Attack

GSFC is an Indian state government owned chemical and fertilizer manufacturer. They appear to have set their sites on their sister province, Saskatchewan. They appear to have targeted KRN, making a significant investment in 2013 for 19% of the company with the promise to buy 350,000 tons of potash annually and provide an additional $700 million in development financing. GSFC was introduced to KRN by the Saskatchewan Government, the sister province to the Gujarat Province in India. Canada’s wealthiest potash resource is now fully controlled by a foreign government company for the meagre investment of $44 million dollars.

 

The Final Straw:

Leading up to the 2018 vote fraud (actual changes to shareholders votes), the board apparently used a variety of tactics to suppress share values (which fell from $7 in 2013 to $0.17 in 2018), authorized the suppression of votes and they thwarted the rights of shareholders to run for office at the AGM enabling the corporate coup. This illegal process allowed GSFC to gain voting control without any further investment. The Financial Statements indicate that they have apparently drained the company kitty of millions as well.

 

“Winning” an “unchallenged” election in 2018, the GSFC-controlled board approved a Rights Offering scheme that watered down the price of shares and enabled GSFC and board members to purchase an additional 18% of the newly available shares (16 million) at $0.17 or less. These were apparently paid for by an IOU to the company due in 2038. The Board has, over the past 3 years, violated so many securities regulations that the shareholders have lost count.

 

The Next Step:

The shareholders need to rock the boat and rock it hard. If shareholders want to see this fabulous resource returned to Canadian ownership and finally developed, they need to expose this fraud and corrupt corporate highjacking at every opportunity.

 

 

 

Dec 13, 2021 - Thank you for your support #2  

 

 

 

Dec 12/21. Update to KRN Shareholders

 

 

Dear Fellow Shareholders,

 

Thank you, thank you, thank you. Your actions have brought the KRN vote fraud issues to the forefront in all regulatory agency offices and banks in Canada, USA and G7 globally. Wow!

 

Since my request for complaints from other shareholders who may have registered complaint(s) to the appropriate regulatory authorities, I can confirm that over 139 complaints have been filed this week representing more than 225 shareholders. Keep them coming.

 

As you read this week’s postings on KRNShareholders.com, the complainants are painting a very clear picture of regulatory agencies simply not doing their job. My cousin best described their responses as a modern day replica of the famous Abbott and Costello “Who’s On First” sketch or better yet, Seinfeld’s George Costanza and the “Penske Files”.

 

All of the regulatory agencies have received proof of the actual votes changed at the 2018 AGM. This information will be posted on the website shortly.

 

Our situation has been described by the court as “Corporate Terrorism” and needs to be brought to the attention of those we elected. The provincial governments oversee the provincial regulatory bodies entrusting them to protect us against fraud and corruption in the securities markets.

 

All that we are seeking is a fair and complete investigation by a neutral third party. The courts have the ability to correct this entire mess in minutes.

 

Please email this link: www.krnshareholders.com to your federal and provincial members of Parliament and use REPLY ALL to as you include your Federal and Provincial members of Parliament on your email so that all agencies are on the same page.

 

Watch the website regularly to ensure that you are up on the latest posts and happenings. Thank you again!….......................... Let’s keep the ball rolling.

Stan Phinney

 

 

 

April 9, 2018 - Request for information about share count from a shareholder - No Response  

 

 

[EDIT: The following pages from a shareholder of KRN shares are the request of Infomation from Karnalyte Resources and other areas in regards to vote count and why they did not add up.

 

To this date ( 2021-12-12 ) there has been ZERO follow-ups from the request from letters below. ]

 

 

March 26, 2020 - Legal Letter and Reasons for Judgment of the Honourable Madam Justice B.E. Romaine - Against  Karnalyte Resources Inc. Applicant - and - Robin Phinney, Dave Van Dam, and Dan Brown Respondents

 

 

[EDIT : The result of the court case was precedent-setting of 100% of the cost back PLUS an extra $3,000.00 to Robin Phinney, Dave Van Damm and found innocent of Karnalyte Resources Lawsuit against them.  Karnalyte paid all the costs of Robin Phinney + the $3,000.00 Plus Karnalyte's own cost for bringing the lawsuit against 100% Innocent shareholders. ]
 
[Edit 2 : The $5,000,000.00 Lawsuit that is attached to this ruling that failed by Karnalyte as of 2021-Dec-12 has still not been removed by Karnalyte.  More wasted money by Karnalyte for a failed lawsuit]

 

------ Original Message ------
From: nmphinney@kmts.ca
To: Kathy.sundell@cibc.ca
Sent: Thursday, April 2, 2020 12:42 PM
Subject: Fwd: Karnalyte Resources
 

---------- Original Message ----------
From: robin phinney <robin.phinney@yahoo.ca>
To: Dave Van Dam <vanair@vanairhovercraft.com>
Cc: Stan Phinney <nmphinney@kmts.ca>
Date: March 26, 2020 at 12:54 PM
Subject: Fwd: Karnalyte Resources
 

Robin Phinney

From: Peter Yates <peter.yates@enernext.ca>
Sent: Thursday, March 26, 2020 9:44 AM
To: robin phinney
Subject:FW: Karnalyte Resources

FYI

From: Peter Yates
Sent: Thursday, March 26, 2020 9:41 AM


To: 'Denise Weeres' <Denise.Weeres@asc.ca> 'Tracy Clark' <Tracy.Clark@asc.ca> 'Gillian Findlay' <Gillian.Findlay@asc.ca> 'sonne.udemgba@gov.sk.ca' <sonne.udemgba@gov.sk.ca>

 

Subject: Karnalyte Resources

 

Denise/Traci/Gillian/Sonne,

 

As you are likely aware, we are counsel to Robin Phinney, who is both a concerned shareholder of Karnalyte Resources (TSX: KRN) as well as a former officer and director and the founder of that company. He asked me to send along the attached letter addressing some of his concerns with activities at the company, many of which have come to light as a result of a filed affidavit by another shareholder named Dan Brown, as part of a court action in which both Dan Brown and Robin Phinney are involved (along with a third shareholder named Dave Van Dam).

 

I am attaching a copy of the decision of the court in that action, which is referred to in our letter, pursuant to which the court dismissed all of the claims against the respondents made by Karnalyte. I am also attaching the main body of the Dan Brown affidavit (not attaching many of the exhibits due to the file size), and am sending this separately due to file size.

 

This letter does reiterate many of our concerns which were previously raised but does also address some new concerns as a result of the rights offering which was undertaken by Karnalyte in late 2018.

 

Please review and let me know if you would like to discuss.

 

Many thanks

Pete

Peter W. Yates, Barrister and Solicitor

 


Roslyn Building
Suite 800, 400 – 5thAvenue SW

Calgary, AB T2P 0L6

Direct: (403) 971-9104
Cell: (403) 540-9104

peter.yates@enernext.ca

www.enernext.ca

 

This email may be confidential and protected by applicable privacy law. If you are not the intended recipient, disclosure, copying, distribution and use are prohibited; please notify us immediately and delete this email from your systems. EnerNext Counsel is a law firm providing legal advice primarily to the energy and cleantech industry in Alberta.

 

 

 

June 12, 2018 - Legal Letter - Voting Irregularities at Annual General and Special Meeting of Karnalyte Resources Inc. held on June 7, 
2018 in Saskatoon, Saskatchewan

 

 

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: shannon <shannon.ash@gov.sk.ca>, Chisato <chisato.takahashi2@gov.sk.ca>
Cc: "ontario, osc" <inquiries@osc.gov.on.ca>, "complaints@asc.ca" <complaints@asc.ca>
Date: February 24, 2020 at 12:14 PM
Subject: Fwd: very confidential
 

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: "white, harvey" <Harvey.White@gov.sk.ca>, "ontario, osc" <inquiries@osc.gov.on.ca>, "fcaa@gov.sk.ca" <fcaa@gov.sk.ca>, "complaints@asc.ca" <complaints@asc.ca>, ab legislature <highwood@assembly.ab.ca>
Date: February 23, 2020 at 12:02 PM
Subject: Fwd: very confidential
 

Please do not pass buck. my votes were changed and i have been contesting this from the meeting on. I have been drawn into a fake lawsuit by these people from krn., who have all quit because they know what they did was wrong. The osc job is to protect ONTARIO investors from these kind off matters.. Please do your job. You need to call for a audit of the 2018 election. The results of that vote and the launching of the lawsuit was done to allow them to do a unlawful share issue to secure their control of the krn asset.I have given you copies of my and 8 other accounts which were actually blocked or changed.I have since had other shareholders who said this happened to them also and have got the same run around. I know you have their info. They have copied me all their correspondence.They also went through their banks.

 

I am a ontario resident as are several other ontario residents. I cannot believe that i have given you proof of the the voting fraud and everyone has continued to give me the run around.. The law suit they just loss shows exactly what they were doing. This letter i received from legal

shows from day one something was wrong.

 

If I do not get a real answer i will be contacting the ombudsman from each province and will not stop till I get the the bottom of this.

 

THE VOTES WERE CHANGED AND THE VOTE COUNT FIXED.

 

---------- Original Message ----------
From: finn finn <finigan777@yahoo.com>
To: Stan Phinney <nmphinney@kmts.ca>
Date: September 22, 2018 at 9:00 PM
Subject: Fwd: very confidential
 

Robin Phinney



---------- Forwarded message ----------
From: " nmphinney@kmts.ca" <nmphinney@kmts.ca>
Date: Tue, Sep 4, 2018 at 3:05 PM -0600
Subject: Fwd: very confidential
To: "vandam, dave" <sales@vanairhovercraft.com>, "finn, finn" <finigan777@yahoo.com>

 

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: "sudell, kathy" <Kathy.sundell@cibc.ca>
Date: September 4, 2018 at 12:42 PM
Subject: very confidential
 

 

 

June 12, 2018 - Via Courier Alberta Securities Commission Suite 600, 250–5th St. SW Calgary, Alberta, T2P 0R4 Dear Sirs/Mesdames: Voting Irregularities at Annual General and Special Meeting of Karnalyte Resources Inc. held on June 7, 2018 in Saskatoon, Saskatchewan  We are local counsel to Robin Phinney, an individual resident in the Town of Okotoks, in the Province of Alberta ("Phinney”) in connection with the solicitation of proxies in connection with an annual general and special meeting of the shareholders of Karnalyte Resources Inc. (“Karnalyte”), which occurred on June 7, 2018 (the “Meeting”) in Saskatoon, Saskatchewan.  We are writing in order to draw your attention to certain voting irregularities that we witnessed at the Meeting. We are concerned with both the number of shares that voted at the Meeting in favour of management’s proposed items of business, as well as a number of votes for dissident shareholders which appear not to have been counted. We are also concerned with the conduct of management of Karnaltye and their attempts to intimidate possible dissident shareholders.  Firstly, voter turnout has historically been relatively high for annual meetings of Karnalyte, falling between 12.17 million and 16.04 million shares voted since 2014, with an average of 14.42 million shares during the years 2014 to 2017 inclusive, representing slightly more than half of the shareholders of Karnalyte. However, the number of shares voted at the Meeting were an unusually large aberration from historical norms. At the Meeting, the shares voted were 18.25 million, representing almost 2/3 of the shares of Karnalyte and an increase of almost 4 million shares voted as compared to the historical average, or close to a 30% increase from the historical average. This was especially surprising given that many of the shareholders that Phinney spoke with had not received their proxy materials prior to the Meeting and the mailing of the Meeting materials appears to not have happened until the 21st day prior to the Meeting (based on the certificate of dissemination filed on SEDAR by the transfer agent for Karnalyte), being the very last day when materials could have been sent out in compliance with applicable securities laws, allowing for the minimum amount of time possible for shareholders to receive their proxy materials and vote their shares.   In addition to this, Phinney had been in contact with various individuals regarding voting their shares against the matters put forth by management and was also independently contacted by various shareholders that he knew personally and who provided him with evidence that they had voted their shares against management’s proposed items of business. When Phinney attended the Meeting and asked the scrutineer for the numbers represented by these shareholders, the numbers provided to him did not match those that he was expecting based on the evidence presented to him ahead of the Meeting. The shares represented by dissident shareholders that Phinney knew or had been in contact with appear not to have been counted in many instances. In addition, most or all of the additional shares that voted
June 12, 2018 - at the Meeting appear to have voted in favour of management’s proposals. It is also noteworthy that management hired a proxy solicitation firm, D.F. King, despite the fact that there was no active proxy battle and that Phinney did not even obtain an order from the Alberta Securities Commission to solicit proxies until less than a week prior to the Meeting. It is noteworthy that D.F. King is a company affiliated with AST Trust Company, Karnalyte’s transfer agent, and therefore had access to the control numbers on shareholders proxies and was also able to reach out to shareholders who had previously voted and try to convince them to change their vote.  Lastly, management created an environment at the Meeting meant to stifle active discussion and debate and intimidate possible dissidents. Management hired a total of four (4) uniformed Saskatoon police officers who were present in the room during the Meeting and all of whom were carrying sidearms. Management could have easily hired a private security company if it had concerns about security at the Meeting, but instead chose to hire armed police officers in full uniform, which created a chilling effect on possible discussion and debate by the dissident shareholders about their concerns with how the company was being run and the actions of the management team. We can provide photographic and video evidence of the environment at the Meeting upon request.  It is also worth noting that my client, as well as another shareholder, David Van Dam, an individual resident in the Town of Kenora, in the Province of Ontario, both proposed certain nominees to be elected at the Meeting as far back as January, 2018, such nominees to be put forth as a shareholder proposal, and were rebuffed by management of Karnalyte as well as their counsel in such attempts. Often, management and their counsel would take a considerable amount of time to respond to these proposals and come up with various administrative or procedural reasons to refuse to include these proposals in any future annual meeting of shareholders of Karnalyte. These appear to be clear attempts to cause the proposals to fall outside of the applicable time limits for same and provide further reasons to deny the proposals being considered by the shareholders at an annual meeting of shareholders. As such, the actions of management and the board of directors of Karnalyte have been part of an orchestrated effort to entrench themselves and refuse to give the shareholders of Karnalyte the opportunity to have input on anything other than the status quo.  We would ask that the Alberta Securities Commission conduct an investigation into these allegations of voting irregularities and also be prepared to oversee any possible special shareholders meeting which may be requisitioned by Phinney in the near future.
June 12, 2018 - If you have any questions or concerns in respect of the foregoing, please do not hesitate to contact the undersigned.  Thank you. Yours truly, EnerNEXT Counsel   Peter W. Yates (403) 971-9104 peter.yates@enernext.ca

 

April 20, 2021 - Wheatley contract timeline - rights offering

 

------ Original Message ------
From: nmphinney@kmts.ca
To: ministryofjustice@gov.ab.ca; InvestorInquiries@iiroc.ca; enforcement-intake@osc.gov.on.ca; Marc.Arseneault@asc.ca; highwood@assembly.ab.ca
Sent: Tuesday, April 20, 2021 11:28 AM
Subject: Fwd: PDF attached
 

 

Subject: PDF attached

PLEASE READ, How many laws have to be broken

STAN PHINNEY

 

[EDIT : Click Picture to enlarge]

The contract was signed by Frank Wheatly and not release to the public  on July, 2018 - BUT the sale of the Rights offering was on Dec 2018
And finally the date of the agreement to purchase the Shares for the rights offering. I believe illegally as they are in volition of the above agreement because the WHERE using inside information that nobody had access to on Dec, 2018

 

March 30, 2020 - Litigation Lawyer letter about  vote Fraud in 2018 AGM

 

 

[EDIT : Dear Mr Foster - This is one of lawyer(s) that wrote you and the ASC] 

[EDIT2 : No action has ever been received in regards to the below letter as of 2021-Dec-9]

 

 

 

 

 

 

 

March 30, 2020

 

VIA EMAIL

 

Alberta Securities Commission                                  Financial and Consumer Affairs Authority Suite 600, 250 – 5th Street SW                                             1919 Saskatchewan Drive

Calgary, A.B. T2P 0R4                                                     Regina, S.K. S4P 4H2 Dear Sirs and Madams:

Re:

Potential Proxy Solicitation at the Annual General and Special Meetings of

Karnalyte Resources Inc. (“Karnalyte”) held on May 5, 2017 and June 7, 2018

 

We are counsel for David Van Dam, a resident of Kenora, Ontario and a shareholder of Karnalyte. It has come to our attention that, among other things, improper proxy solicitation and other irregularities may have occurred in connection with Karnalyte’s annual general meeting that took place on May 5, 2017 (the “2017 AGM”), as well as its special meeting of shareholders that took place on June 7, 2018 (the “2018 Meeting”). Both of these meetings took place in Saskatoon, Saskatchewan.

 

This information came to Mr. Van Dam’s attention through documents filed in connection with a Court action—Court of Queen’s Bench of Alberta Action No. 1801-07487—that Karnalyte commenced against Mr. Van Dam and certain other shareholders, namely Robin Phinney and Dan Brown. Of specific interest is the affidavit sworn by Mr. Brown on November 23, 2018, which we understand has been provided to you by Peter Yates, counsel for Mr. Phinney, in his letter of March 30, 2020. Our concerns arising from these documents and the related events are similar to those expressed by Mr. Yates, and include the following:

 

  1. Improper Proxy Solicitation: Mr. Brown swore an affidavit in the course of Karnalyte’s action against its shareholders in which he alludes to meetings, phone calls and text messages between himself and nominees for the board of directors of Karnalyte at the 2017 AGM. Among these nominees were directors of Gujarat State Fertilizer and Chemicals (“GSFC”), one of Karnalyte’s substantial shareholders. It appears that neither the Alberta Securities Commission (“ASC”) nor the Financial and Consumer Affairs Authority (“FCAA”) granted these nominees an exemption from the proxy solicitation requirements of applicable securities laws, nor was there any dissident proxy circular filed in respect of these nominees. As such, they were not in a position to solicit

 

 

 
 

{FLG-00376125;1}

 

 

proxies from shareholders, and we are concerned that there may have been improper and possibly illegal proxy solicitation by these nominees that had a significant impact on the results of the 2017 AGM.

 

  1. Considerable Entrenchment Efforts by Karnalyte and Voting Irregularities: Mr. Brown also alludes in his affidavit to voting irregularities and efforts by Karnalyte to exclude board nominees for non- substantive and/or trivial procedural irregularities. Mr. Van Dam himself was subjected to this type of oppressive conduct leading up to the annual general meeting in 2018. After he began formally communicating with Karnalyte in January 2018, he was first told to nominate directors for election at the upcoming annual general meeting. Then he was told that his proposal to nominate directors did not comply with the applicable form requirements, and that the company would not comply in any event. Then he was told that he did not in fact represent over 5% of Karnalyte’s shareholders, which he did. Finally, after proving that he represented over 5% of Karnalyte’s shareholders, he was told that it was too late to nominate directors and that his nominees would not be included. These actions show a concerted effort by Karnalyte’s current board to frustrate shareholder democracy. It also appears that their actions may include things as malicious as tampering with shareholder votes. We understand that the concerns regarding vote tampering in connection with the 2018 annual general meeting have been raised by Mr. Yates in his letter and we echo those concerns.

 

Similar concerns arise regarding the rights offering that took place in late 2018, at a significantly discounted price as compared with Karnalyte’s share price at the time and with GSFC as the standby guarantor. Through the rights offering, GSFC increased its ownership stake to 38.8%, diluting all other shareholders, and now has effective control of the company. Most troubling of all, we understand that GSFC may not have paid for the shares acquired on this offering, and instead was loaned over $2,000,000 by Karnalyte to purchase the shares. We understand that this concern has been described in full by Mr. Yates in his letter. These circumstances point toward a concerted effort to consolidate the power of the current board at the expense of the shareholders.

 

Karnalyte’s action was recently dismissed in its entirety with costs to the defendant shareholders in reasons indexed at 2020 ABQB 119. The above concerns regarding the current board’s entrenchment efforts are enhanced by the reports that Karnalyte spent a substantial sum of money, likely over

$1,000,000, unsuccessfully prosecuting that action against its own shareholders.

 

In light of the foregoing, we respectfully ask that the ASC and/or the FCAA conduct an investigation into the conduct of Karnalyte’s board and the potential violations of the law and shareholder rights. We also ask that the results of the 2018 rights offering be reversed until a shareholder vote can be held on the issuance of shares pursuant to that offering, and/or the financial results from the standby guarantee can be reviewed in greater detail. Finally, we ask that the ASC and/or the FCAA order a new meeting of the shareholders to be held in order for a fair and democratic voting of the shares of the company to take

 

place, with nominees from all interested parties being considered and voted on. Yours truly,

Fraser / Batkin / Hanson / Tribe LLP

 

Per:

 

Oliver C. Hanson

* Incorporated Partner

 

June 4, 2020 - IIROC rejection of Investigation of CIBC into vote Fraud in 2018 AGM

 

[ EDIT : The documentation was provide in 100's of item sent directly to IIROC]
------ Original Message ------
From: nmphinney@kmts.ca
To: julieanne.head@tmx.com; jus.minister@gov.sk.ca; attorneygeneral@ontario.ca; ministryofjustice@gov.ab.ca; Samantha.Leclerc@fcac-acfc.gc.ca; InvestorInquiries@iiroc.ca; info@fcac-acfc.gc.ca; gmorgan@nationalpost.com; Ken.Foster@gov.sk.ca; breana.ferrara@cibc.com; fcaa@gov.sk.ca; enforcement-intake@osc.gov.on.ca; Marc.Arseneault@asc.ca; highwood@assembly.ab.ca
Sent: Friday, November 5, 2021 5:12 PM
Subject: Fwd: RE: KRN - voter fraud
 
 
---------- Original Message ----------  
From: Investor Inquiries <InvestorInquiries@IIROC.CA>  
To: "nmphinney@kmts.ca" <nmphinney@kmts.ca>  
Date: June 4, 2020 at 11:05 AM  
Subject: RE: KRN - voter fraud  
 

Dear Mr. Phinney,

 

Thank you for your follow-up written complaint and additional documentation regarding potential voter fraud in relation to shares held at CIBC World Markets Inc.

 

Based on our preliminary review of the documentation provided, there is insufficient evidence to warrant further review by IIROC of this matter at this time. 

 

One of IIROC’s primary objectives when reviewing any complaint is to determine whether there is sufficient evidence that supports a potential breach of IIROC Rules, warranting further investigation and potential regulatory action. If there are no indications of any rule violations by IIROC registrants, we would close the file with no action taken or forward the matter to the appropriate regulator for their consideration. Where there are indications of potential rule violations by IIROC registrants, IIROC would take appropriate action against those registrants. For further information on IIROC’s complaint process, please see our website here.

 

KRN’s Principal Regulator, the Financial and Consumer Affairs Authority of Saskatchewan (FCAA), who you have already been in contact with is in the process of investigating your complaint. Should their review conclude that an IIROC registrant played a role in the scenario you have described, they will either take action directly or forward the matter to IIROC for our consideration. 

 

Please note that IIROC does not have regulatory jurisdiction over the general public, public companies or their officers, directors or employees. They fall under the regulatory jurisdiction of the provincial securities commissions. 

 

Regards, 

 

 

Harry Apostolatos

Sr. Complaints & Inquiries Specialist

Investment Industry Regulatory Organization of Canada

121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9

Toll free: 1-877-442-4322 | Fax:  416-364-0753

investorinquiries@iiroc.ca

 

IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada.

 

 


This message is intended only for the use of the intended recipients, and it may contain information that is privileged and confidential. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, such reader is hereby notified that any review, retransmission, conversion to hard copy, copying, circulation or other use of this message is strictly prohibited and may be illegal. If you have received this communication in error, please immediately notify us by replying to the message and deleting it from your computer.  Thank you. 

 

Le présent message s'adresse uniquement au(x) destinataire(s) envisagé(s) et peut renfermer des renseignements privilégiés et confidentiels. Si le lecteur de ce message n'est pas le destinataire envisagé, ou s'il n'est pas un employé ou un mandataire chargé de remettre ce message au destinataire envisagé, le lecteur est par les présentes mis en garde contre le fait que l'examen, la retransmission, le transfert sur support papier, la copie, la diffusion ou toute autre utilisation de ce message est formellement interdit et peut être illégal. Si cette communication vous a été transmise par erreur, veuillez nous en aviser immédiatement en y répondant, puis supprimez le message de votre ordinateur.  Merci

 

From: Investor Inquiries 
Sent: Tuesday, May 12, 2020 12:19 PM
To: nmphinney@kmts.ca
Subject: KRN - voter fraud

 

Dear Mr. Phinney,

 

IIROC is in receipt of your complaint referencing voter fraud with Karnalyte Resources Inc. (“KRN”:TSX) and CIBC World Markets. 

 

IIROC is the national self-regulatory organization that oversees all investment dealers and their trading activity in Canada’s debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of more than 170 Canadian investment dealer firms and their more than 29,000 registered employees, the majority of whom are commonly referred to as investment advisors. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. 

 

IIROC’s jurisdiction

 

• IIROC does not have regulatory jurisdiction over public companies or the officers, directors or employees of those companies, or the general public. They fall under the regulatory jurisdiction of the provincial securities commissions in Canada. 

 

• IIROC does have regulatory jurisdiction over IIROC dealer members and their registered employees (i.e. the firm where you have your brokerage account and the registered individuals that work there). Here is a list of the firm’s IIROC regulates: http://www.iiroc.ca/industry/Pages/Dealers-We-Regulate.aspx

 

Should a review by IIROC detect trading violations by individuals not under our jurisdiction (noted above), we refer those matters to the applicable provincial securities commission for further review and enforcement.

 

Please Note: IIROC does not regulate AST Trust Company (Canada), or the Board of Directors of KRN. 

 

KRN’s principal regulator is the Financial and Consumer Affairs Authority of Saskatchewan who (if you have not already done so) you may contact using the following link:

 

https://fcaa.gov.sk.ca/regulated-businesses-persons/businesses/securities-industry-participants

 

That said, your allegation also mentions CIBC World Markets Inc. [CIBC] (an IIROC registrant). Please elaborate on what role CIBC played in this matter, and provide any further information/evidence [by return email] regarding CIBC’s involvement in the alleged fraud. 

 

Also, you mention that this event took place in September 2018. Please explain why/how this matter is only currently a concern. 

 

Regards, 

 

 

 

Harry Apostolatos

Sr. Complaints & Inquiries Specialist

Investment Industry Regulatory Organization of Canada

121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9

Toll free: 1-877-442-4322 | Fax:  416-364-0753

investorinquiries@iiroc.ca

 

IIROC: Protecting Investors and Fostering Fair and Efficient Capital Markets across Canada.

 

 


This message is intended only for the use of the intended recipients, and it may contain information that is privileged and confidential. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, such reader is hereby notified that any review, retransmission, conversion to hard copy, copying, circulation or other use of this message is strictly prohibited and may be illegal. If you have received this communication in error, please immediately notify us by replying to the message and deleting it from your computer.  Thank you. 

 

Le présent message s'adresse uniquement au(x) destinataire(s) envisagé(s) et peut renfermer des renseignements privilégiés et confidentiels. Si le lecteur de ce message n'est pas le destinataire envisagé, ou s'il n'est pas un employé ou un mandataire chargé de remettre ce message au destinataire envisagé, le lecteur est par les présentes mis en garde contre le fait que l'examen, la retransmission, le transfert sur support papier, la copie, la diffusion ou toute autre utilisation de ce message est formellement interdit et peut être illégal. Si cette communication vous a été transmise par erreur, veuillez nous en aviser immédiatement en y répondant, puis supprimez le message de votre ordinateur.  Merci

 

From: nmphinney@kmts.ca <nmphinney@kmts.ca
Sent: Tuesday, May 12, 2020 10:14 AM
To: Investor Inquiries <InvestorInquiries@IIROC.CA>
Cc: Arseneault, Marc <Marc.Arseneault@asc.ca>
Subject: Fwd: RE: InquiryForm - Fraud - Complaint Our reference: 855-387746

 

[EXTERNAL EMAIL / COURRIEL EXTERNE]

[EXTERNAL EMAIL / COURRIEL EXTERNE]

 

---------- Original Message ---------- 
From: "Info (FCAC/ACFC)" <Info@fcac-acfc.gc.ca
To: "nmphinney@kmts.ca" <nmphinney@kmts.ca
Date: May 11, 2020 at 11:43 AM 
Subject: RE: InquiryForm - Fraud - Complaint Our reference: 855-387746 

 

Our reference: 855-387746

 

PROTECTED A

 

Dear Stan Phinney:

 

Thank you for contacting the Financial Consumer Agency of Canada (FCAC) with your concerns about an investment account with the Canadian Imperial Bank of Commerce (CIBC).

 

In the context of consumer complaints, FCAC ensures that banks comply with certain consumer protection measures. If there are no consumer provisions that apply, we give you information about how to deal with your complaint. For more information about our mandate, click here.

 

It is important to note that FCAC does not regulate securities or the securities divisions of the CIBC; therefore, the matter you have raised falls outside of our Agency’s jurisdiction.

 

As you may already know, the securities industry in Canada is overseen by provincial and territorial governments. 

 

Since you have already contacted the Financial and Consumer Affairs Authority (FCAA) and they are looking into the matter, for further possible assistance, you may also wish to contact the Investment Industry Regulatory Organization of Canada (IIROC). IIROC is the self-regulatory body that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. You can contact IIROC by phone at 1-877-442-4322 (toll-free), by fax at 416-364-0753, or by email at InvestorInquiries@iiroc.ca

 

You can also visit its website at www.iiroc.ca.

 

That being said, FCAC has developed key principles to assist federally regulated financial institutions (FRFIs) in establishing their internal dispute resolution policies and procedures.

 

For example, according to the Commissioner’s Guidance CG-12, FRFIs should find the most efficient and effective ways of resolving complaints, particularly when complaints are simple and may be easily addressed. 

 

Therefore, FRFIs should have policies and procedures in place that seek to achieve the following:

 

  • Resolve consumer complaints as soon as possible. In their policies and procedures, FRFIs should outline the actions and time frames that:

 

  • provide the consumer with an acknowledgement of receipt of their complaint without delay once the complaint reaches the first level in the FRFIs complaint escalation process;

 

  • within 90 days or less when possible, provide the consumer with a substantive written response to his or her complaint

 

If you believe that the CIBC may not be following the regulations as described above according to the Commissioner’s Guidance CG-12, please provide our Agency with further details, including any communications you've had with the bank about the matter so that we may review further.

 

In the meantime, since FCAC is not a dispute-resolution agency for consumers in their individual dealings with financial institutions and is unable to provide redress or compensation, consumers must continue to raise their concerns with their bank directly by using its complaint-handling process. All banks must have a process to help resolve disputes with their customers. This process includes an independent external complaints body to which you can appeal. You must follow all steps of the process in sequential order.

 

FCAC has the complaint-handling process for CIBC on the Canada.ca website here.

You may have questions about the impact of the current COVID-19 pandemic on your finances. For more information, please visit our website here.

 

Again, on behalf of the FCAC, thank you for writing to us. I trust the information I have given you will be helpful.

 

Sincerely,

Samantha Leclerc

Consumer Service Representative

Financial Consumer Agency of Canada / Government of Canada 

Info@fcac-acfc.gc.ca/ Tel: 1-866-461-3222 / TTY: 1-866-914-6097

 

Représentante de service aux consommateurs 

Agence de la consommation en matière financière du Canada / Gouvernement du Canada

Info@acfc-fcac.gc.ca / Tél. : 1-866-461-2232 / ATS : 1-866-914-6097

 

From: noreply-aucunereponse.Forms-Formulaires@fcac-acfc.gc.ca <noreply-aucunereponse.Forms-Formulaires@fcac-acfc.gc.ca
Sent: April 19, 2020 5:22 PM
To: Info (FCAC/ACFC) <Info@fcac-acfc.gc.ca>
Subject: InquiryForm - Fraud - Complaint

 

Subject:

voter fraud on cibc world market voting on Karnalyte resources

FirstName:

stan

LastName:

phinney

Email:

nmphinney@kmts.ca

Telephone Number:

8074677109

Organization:

CIBC Bank

Financial Institution:

Canadian Imperial Bank

Location:

Ontario

Topic:

Fraud

Comments:

In agm of krn resources , ast / king changed the votes on my accounts and others. cibc hold the shares and and allowed the accounts to be changed. I gave them the proof of the fraud in sept 5th 2018 and have had major complaints with them. I would suggest you call breana ferra at cibc. and ask them for all the info. They are completely ignoring. I have successfully got the saskatchewan FCC investigating this. If you give me a e-mail account I can forward all the legal documents. Yours truly Stan phinney

RequestType:

Complaint

 

 

 

 

 

Dec. 7, 2021 - Financial Consumer Agency of Canada - reference number 855-408255 response to KRN Fraud 

From: "Info (FCAC/ACFC)" <Info@fcac-acfc.gc.ca>
Date: December 7, 2021 at 11:19:01 AM EST
To: Tom Villeneuve <tdvilleneuve@gmail.com>
Subject: RE: KRN 2018 Vote Fraud Our reference: 855- 408255



Our reference: 855- 408255

 

PROTECTED A

 

Dear Thomas Villeneuve:

 

Thank you for contacting the Financial Consumer Agency of Canada (FCAC) regarding your concerns with the 2018 annual Election of Directors meeting that was held by Karnalyte Resources Inc.

 

Before addressing your specific concerns, I would like to outline who we are and what we do.

 

FCAC protects consumers by:

 

  • Making sure that federal financial institutions such as banks, federal loan and trust companies, and federal insurance companies obey certain laws that protect consumers called consumer provisions.

  • Monitoring agreed-upon codes of conduct and public commitments made by these same institutions and by network operators.

  • Informing Canadians about financial services and products and about their rights.

 

For more information about our mandate, click here.

 

While we appreciate how concerning this is for you, it is important to note that Karnalyte Resources Inc. is not a federally regulated financial institution. Therefore, the matter you raise does not fall within our Agency’s jurisdiction. 

 

That said, we note that Karnalyte Resources Inc. is incorporated in Alberta under the Alberta Business Corporations Act. Information about the Alberta Business Corporations Act can be found here.

 

 

You may also wish to contact the Alberta Securities Commission (ASC), which is responsible for regulating the province’s investment sector. There may be rules with respect to the corporate governance of the Boards of provincially incorporated companies that they oversee.You can contact ASC by phone at 1-877-355-0585 (toll free), by fax at 403-297-6156, by email at inquiries@asc.ca. You can also visit its website at www.albertasecurities.com.

 

 

[Edit : Consistently Wrong information presented to shareholders -One agency says ASC is responsible for KRN other party says FCCA(Sask.) - Please make up your mind. this email comes from Dec, 2021]

 

To learn more about FCAC or the federal laws that protect financial consumers, or to use our tools and calculators online, you can visit our website at www.Canada.ca/fcac. If you have any questions, please call us at 1-866-461-3222 (toll-free).

Again, on behalf of the FCAC, thank you for writing to us. I trust the information I have given you will be helpful.

Sincerely,

 

Samantha


Senior Consumer Services Representative | Public Affairs

Financial Consumer Agency of Canada
Info@fcac-acfc.gc.ca / Tel: 1-866-461-3222 / TTY: 1-866-914-6097

 

Principale représentante du service aux consommateurs | Affaires publiques

Agence de la consommation en matière financière du Canada
Info@fcac-acfc.gc.ca / Tel: 1-866-461-3222 / ATS: 1-866-914-6097

 

signature_979623269

 

 

From: Tom Villeneuve <tdvilleneuve@gmail.com>
Sent: November 29, 2021 6:26 PM
To: CAgapie@ombudsman.on.ca; Marc.Arseneault@asc.ca; enforcement-intake@osc.gov.on.ca; fcaa@gov.sk.ca; breana.ferrara@cibc.com; Ken.Foster@gov.sk.ca; gmorgan@nationalpost.com; Info (FCAC/ACFC) <Info@fcac-acfc.gc.ca>; highwood@assembly.ab.ca; InvestorInquiries@iiroc.ca; ministryofjustice@gov.ab.ca; attorneygeneral@ontario.ca; info@ombudsman.on.ca; inquiries@osc.gov.on.ca; jus.minister@gov.sk.ca; shannon.joblin@cibc.ca; tshufelt@globeandmail.com; julieanne.head@tmx.com; nmphinney@kmts.ca; Valerie Douville <valerie.douville@tmx.com>; Chris Bittle <chris.bittle@parl.gc.ca>; Jennie Stevens <JStevens-QP@ndp.on.ca>
Subject: KRN 2018 Vote Fraud

 

[ATTENTION] This email originated outside of FCAC. Do not click links or attachment unless you recognize the sender and know the content is safe. / Ce courriel provient de l’extérieur de l’ACFC. Ne cliquez pas sur les liens ou pièces jointes à moins que vous reconnaissiez l’émetteur et que vous savez que le contenu est sécuritaire.

 

As an active shareholder in Karnalyte Resources, I am requesting that you take whatever

action is required to investigate the vote fraud and suppression that took place at the

KRN 2018 annual meeting Election of Directors.

 

Yours sincerely

 

Thomas Villeneuve

28 Cole Farm Blvd.,

St. Catharines, ON L2N7E5

905-980-4590

Sent from Mail for Windows

 

 

Nov. 19, 2018 - Letter To KRN Peter Matson (Chairman of the Board) from shareholder

 

Peter Matson Chairman of the Board Karnalyte Resources Inc 3150B Faithfull Avenue Saskatoon, SK S7K 8H3 (Sent by Canada Post and by email to KRN via info@karnalyte.com)

Dear Mr Matson,

As a shareholder of Karnalyte Resources Inc,, I would like to file a complaint and request your immediate action to stop what appears to be manipulative and deceptive undertakings of the Board of Directors over the past 18 months.

 

I believe that your Board has committed a number of securities law contraventions in the past 18 months that may include, but are not limited to:

 

  1. Deceptive and purposeful shareholder vote manipulations at 2018 General Annual Meeting of Karnalyte Resources resulting in fraudulent results being reported

 

  1. Fiduciary Duty failure of the Board to reveal offers to finance development to shareholders

 

  1. Fiduciary Duty failure of the Board to provide quarterly financial reports to shareholders

 

  1. Fiduciary Duty failure of the Board to provide Year End Financial Statements to shareholders until 15 minutes ahead of Annual Meeting

 

  1. Fiduciary Duty failure of the Board to accept nominations to the Board of Directors from shareholders with support of more than 5% of the shareholders

 

  1. Fiduciary Duty failure of the board by manipulative and deceptive activities to write off the primary assets of the corporation (Valued at more than $100 Billion dollars)

 

  1. Fiduciary Duty failure by way manipulative and deceptive activities by Board of Directors to deliver increased value for the shareholders through what appears to be short selling to drive share price down, share dilution through supposed cash grab scam on November 14 with no notice delivered to shareholders.

 

  1. Fiduciary Duty failure by way manipulative and deceptive activities to enable foreign government shareholder to increase shareholding to 47.5% thus enabling current board to take full control of company without any shareholder discussion or input.

 

  1. Fiduciary Duty failure by way manipulative and deceptive activities to change the direction of the company without shareholder discussion or input

 

  1. Fiduciary Duty and Duty of Care failure by way presenting a plan to exhaust all company cash with in 18 months, including funds raised in the current rights offer,  while ignoring current valid offers to finance and failing to draw on the original financial plan that enabled a foreign company to take a significant role in this Canadian resource, a clear conflict of interest.

 

In Canada, Corporate Directors owe Fiduciary Duties to the corporation that they serve. Directors must ensure the corporation’s interests are paramount. It is the fiduciary duty of the director to act honestly and in good faith, with a view to the best interests of the corporation. The Fiduciary Duty also prevents directors from pursuing, for their own benefit, business opportunities that belong to the corporation. The prohibition may extend even further, creating a duty whereby directors must bring to the attention of the corporation, including shareholders, opportunities of which they become aware and in which the corporation may be interested.

 

Canadian corporation statutes require that when directors act, they exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances - a Director’s Duty of Care.

 

It would appear, as a shareholder, that both Fiduciary responsibilities and Duty of Care obligations are being blatantly ignored by the current, self-appointed board.

 

The board of directors' key purpose is to ensure the company's prosperity by collectively directing the company's affairs, whilst meeting the appropriate interests of its shareholders and stakeholders.

 

That being said, please explain to me, in writing, before 5 pm on November 21, 2018 how your current “Rights Offer” and plan to completely drain the treasury within 18 months meets the appropriate interests of its shareholders and stakeholders? Email your response to randy@roibusinesscoaching.com and CC the attached complaint recipients.

 

It would appear that you and the board are making a blatant move to give GSFC an opportunity to walk away with the company’s $100 B asset along with control of the corporation, which I believe was their original intent with their involvement with Karnalyte. I strongly urge you to stop this action immediately.

 

 


Best regards,

 

Charles R Jackson President

 

 

 

CC:     David Linder, Exec Dir,. ASC, (mailed)

Delores Ivany-Fagan, Complaints, ASC, complaints@asc.ca

RCMP - Alberta Headquarters Joint Serious Offences Team (mailed)

IIROC - enforcement@iiroc.ca

Saskatchewan Securities Commission Acting Deputy Director of Enforcement - harvey.White@gov.sk.ca

Ontario Securities Commission - Inquiries@osc.gov.on.ca

Bob Nault MP BOB.NAULT@PARL.GC.CA

Wayne Anderson MLA Highwood AB highwood@assembly.ab.ca

 

March 19, 2021 - Criminal Law Division (CLD) Ministry of the Attorney General (MAG)

MAG CLD Response - M-2021-4502

 

 

From: nmphinney@kmts.ca
To: ministryofjustice@gov.ab.ca
Sent: Sunday, November 7, 2021 2:09 PM
Subject: Fwd: MAG CLD Response - M-2021-4502

 

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: tmx <julieanne.head@tmx.com>, "shufelt, tim" <tshufelt@globeandmail.com>, "ontario, osc" <inquiries@osc.gov.on.ca>, "ontario, attorygeneral" <attorneygeneral@ontario.ca>, "of Justice, Ministry" <ministryofjustice@gov.ab.ca>, "Leclerc (FCAC/ACFC), Samantha" <Samantha.Leclerc@fcac-acfc.gc.ca>, iirock <InvestorInquiries@iiroc.ca>, gov of canada <info@fcac-acfc.gc.ca>, geoffrey morgan <gmorgan@nationalpost.com>, "Foster, Ken FCAA" <Ken.Foster@gov.sk.ca>, "fcaa@gov.sk.ca" <fcaa@gov.sk.ca>, enforcement <enforcement-intake@osc.gov.on.ca>, "Arseneault, Marc" <Marc.Arseneault@asc.ca>, alberta ombudsman <info@ombudsman.ab.ca>, ab legislature <highwood@assembly.ab.ca>
Date: November 7, 2021 at 12:11 PM


Subject: Fwd: MAG CLD Response - M-2021-4502

still waiting for my answer????? voter fraud

 

---------- Original Message ----------
From: "MAG-Crim-Law (MAG)" <MAG.Crim.Law@ontario.ca>
To: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
Date: March 19, 2021 at 12:20 PM
Subject: MAG CLD Response - M-2021-4502

Our Reference #: M-2021-4502

Stan Phinney

nmphinney@kmts.ca

 

Dear Mr. Phinney:

 

Thank you for your correspondence of March 17, 2021 which has been referred to this office for response on behalf of the Ministry of the Attorney General.

 

Please be advised that the Ministry of the Attorney General is not an investigative agency.

As your concerns relate to a publicly-traded corporation, we suggest that you relay them to the enforcement branch of the Ontario Securities Commission, which can be reached at Enforcement-Intake@osc.gov.on.ca .

 

Thank you for bringing this matter to our attention.

 

Respectfully yours,

Criminal Law Division

Ministry of the Attorney General

please do not reply directly to this message. this email account does not accept replies.

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Ce message et ses pièces jointes, s'il y en a, sont de nature confidentielle et pourraient renfermer de l'information privilégiée. Si vous n'êtes pas la personne à qui ils sont destinés (ou ne les recevez pas au nom de leur destinataire), veuillez nous le dire tout de suite en transmettant un courriel à attorneygeneral@ontario.ca puis les effacer de votre ordinateur sans les avoir lus et sans en avoir fait, transmis ou gardé une copie. À noter : Nous avons pris des précautions contre les virus, mais rejetons toute responsabilité relativement aux pertes ou dommages causés par la présence d'un virus quel qu'il soit.

 

Dec 1, 2021 - OSC failed to alert public to many potentially risky investments: auditor general

 

 

From Orginal Article Link Here

 

From: nmphinney@kmts.ca
To: InvestorInquiries@iiroc.ca; Samantha.Leclerc@fcac-acfc.gc.ca; ministryofjustice@gov.ab.ca; attorneygeneral@ontario.ca; inquiries@osc.gov.on.ca; jus.minister@gov.sk.ca; tshufelt@globeandmail.com; info@fcac-acfc.gc.ca; yhussain@postmedia.com; ministryofjustice@gov.ab.ca
Sent: Thursday, December 2, 2021 10:41 AM
Subject: Fwd: Toronto Star Article - proof of OSC incompetence




------ Original Message ------
From: randyjackson4@gmail.com
To: nmphinney@kmts.ca
Sent: Thursday, December 2, 2021 9:56 AM
Subject: Toronto Star Article - proof of OSC incompetence

 

TORONTO - Ontario’s auditor general has found the province’s securities regulator has not alerted the public to many potentially risky investments and failed to collect the majority of fines it imposed over the last decade.

Bonnie Lysyk says in her annual report that her office looked closely at 35 of the 2,029 cases between 2016 and 2021 that the Ontario Securities Commission took limited or no action on after being alerted to problems by other regulators and whistleblowers.

Lysyk’s office found that in almost half of the cases it analyzed, the OSC had sufficient information to issue a warning about potentially harmful activity to investors, but didn’t.

When the OSC did find wrongdoing and imposed fines in other cases, the auditor general found the regulator often failed to collect money.

Lysyk says another audit carried out by her office revealed the OSC imposed $525 million in fines between 2011 and 2021, but only collected 28 per cent of that money.

She says the OSC’s collection rate is so poor in part because it lacks the power to seize assets from those with unpaid fines, which is a tactic used in B.C.

This report by The Canadian Press was first published Dec. 1, 2021.

--

Randy Jackson

 

 

April 6, 2021 - COURT VERDICT KRN - Saskatchewan Government response

 

------ Original Message ------
From: jus.minister@gov.sk.ca
To: nmphinney@kmts.ca
Sent: Tuesday, April 6, 2021 2:18 PM
Subject: FW: COURT VERDICT KRN

Dear Stan Phinney:

 

Thank you for your email. Attached is the response from Honorable Gordon S. Wyant Q.C., Minister of Justice and Attorney General.

 

If you are unable to open this document, please contact us by email and we will send you the original by mail.

 

Regards,

 

Heather Filazek

Junior Administrative Assistant to the

Honourable Gordon Wyant, Q.C.

Minister of Justice and Attorney General

2405 Legislative Drive

REGINA SK S4S 0B3

Phone: (306) 787-5353 Fax: (306) 787-1232

P Please consider the environment before printing this e-mail

Government of Saskatchewan

2021-116

From: nmphinney@kmts.ca <nmphinney@kmts.ca>
Sent: Wednesday, March 17, 2021 3:38 PM
To: Minister JU <jus.minister@gov.sk.ca>
Subject: COURT VERDICT KRN

Hon Gordon Wyant:

 

This has gone to tmx and iirock and every securities , bank and federal agency. I require you to ask your agency why nothing has been done. They have copies of judgement of case 1801-07487 Court of Queens Bench Alberta..

 

If you have trouble getting documents which your gov agency"s have , i can have them sent.

 

My name is Stan Phinney

 

Thank You

 

STAN

 

 

 

March 15, 2021 - TMX request for Specific Information about KRN Claims

 

 

March 15, 2021

 

 

Julieanne Head

Analyst - Compliance & Disclosure

Capital Formation

TMX

Toronto ON

disclosure@tmx.com

 

Dear Julieanne,

 

In response to your concern:  What specifically are your claims with respect to the rights offering?
 

My claim is that the 2018  KRN AGM vote manipulation, executed by AST/D.F. King and the resulting fraudulent election of officers enabled the illegal, self-serving Rights Offering (Dec 2018)  which allowed an illegal foreign take-over of KRN by way of Corporate Terrorism” (See Madam Justice Romaines judgement decision)

 

I also believe that at least six qualified prospective board members were intentionally blocked from the 2018 AGM election ballot, several of whom were unsuccessfully sued by KRN ahead of the 2018 election  (Frank Wheatleys sworn Affidavit claims that he intentionally blocked at least six potential board members from appearing on the 2018 AGM ballot),

 

I also believe that AST/D.F. King was instructed by KRN to manipulate the votes at the KRN 2018 AGM to enable the existing board to be re-entrenched. (See vote change fraud evidence already provided and verified by Madam Justice Romaine’s judgement decision, page 1),

 

I also believe that all shareholder complaints to AST/D.F. King and the ASC went unanswered, even after complaints were reported and filed with the Ontario Provincial Police, RCMP and Calgary Police upon advice from a Crown Attorney,

 

I also believe that votes at the 2018 AGM were intentionally suppressed by the board and CEO by presenting intimidating public press releases and intimidation by police presence at the AGM,

 

I also believe that by manipulating the votes and blocking new board members from running, the fraudulent re-election of the 2017 board resulted in further fraudulent actions and securities act violations: including, but not limited to the 2018 Rights Offering by the fraudulently elected board that led to the ultimate take-over of the company and its assets by the foreign state-owned-enterprise Gujarat State Fertilizers & Chemicals (GSFC) of India. (See Wheatley Affidavit),

 

I also believe that GSFC initiated the total write-down of the potash and magnesium assets in 2014 as part of their long range plan to take over the company,

 

I also believe that there is no evidence that GSFC actually paid for their 10,288,697 Rights Offering shares by way of cash transfer of nearly $1.8 million, but paid by way of a note payable to KRN due in 2038. Using the company treasury to pay for any share purchase is illegal. (See the ASC for details),

 

I also believe that board members  who purchased at least 3,022,930 Shares valued at over half a million dollars may have benefited from similar accounting actions utilized by GSFC,

 

I also believe the Rights Offering resulted in the 38.8% SOE foreign ownership of an extremely valuable Canadian natural resources (potash and magnesium),

 

I also believe that the Rights Offering results enabled GSFC to strategically reduce the number of directors by half to three to ensure that two foreign based (non-independent) GSFC senior employees now control 66% of any vote at the board level which I believe is in contravention or violation of Canadian Securities regulations,

 

I also believe that investment divisions of major Canadian banks are processing ballots of Canadian shareholders in KRN and other companies without seeking full approval or consultation with their investment clients on how they wish to cast their votes, resulting in questionable outcomes and ethics concerns in terms of adviser/client accountability and transparency,

 

I also believe that all or most of my concerns noted above are shared by a majority of Canadian KRN shareholders with the clear exception of those  board members who, in 2018, set out to intentionally improve their own financial resources, ahead of the needs of the company,

 

All information disclosed here is available in the public domain now.

 

We are seeking to have the ASC - as already ordered by the Court of Queen’s Bench of Alberta - completely overturn the results of the 2018 AGM election and all subsequent board decisions and actions including the Rights Offering which you have asked us to elaborate on.  Hopefully this is done before investigative journalists expose the inaction and incompetence on the part of the ASC and our alleged collusion between the KRN board and AST/ D.F. King in manipulating votes at the KRN 2018 AGM.

 

You clearly have a stake in the game here with the forthcoming acquisition of AST. The consequences of such an exposure are a potential liability, both financial and brand, for TMX.  Scandals such as this lead to pervasive mistrust of the entire Canadian securities system and its ability to self regulate.

 

Best regards

Stan Phinney

KRN Shareholder

 

 

 

 

 

 

Illegal Votes of KRN Shareholders

 

From: nmphinney@kmts.ca
To: sales@vanairhovercraft.com; finigan777@yahoo.com
Sent: Tuesday, November 9, 2021 11:21 AM
Subject: Fwd: FW: illegal vote of krn shareholders

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: tmx <julieanne.head@tmx.com>, "shufelt, tim" <tshufelt@globeandmail.com>, "saskatchewan, solicitor general" <jus.minister@gov.sk.ca>, "ontario, attorygeneral" <attorneygeneral@ontario.ca>, "of Justice, Ministry" <ministryofjustice@gov.ab.ca>, "Leclerc (FCAC/ACFC), Samantha" <Samantha.Leclerc@fcac-acfc.gc.ca>, iirock <InvestorInquiries@iiroc.ca>, gov of canada <info@fcac-acfc.gc.ca>, geoffrey morgan <gmorgan@nationalpost.com>, "Foster, Ken FCAA" <Ken.Foster@gov.sk.ca>, "Ferrara, breana" <breana.ferrara@cibc.com>, "fcaa@gov.sk.ca" <fcaa@gov.sk.ca>, enforcement <enforcement-intake@osc.gov.on.ca>, "Arseneault, Marc" <Marc.Arseneault@asc.ca>, ab legislature <highwood@assembly.ab.ca>
Date: November 9, 2021 at 11:20 AM
Subject: Fwd: FW: illegal vote of krn shareholders

---------- Original Message ----------
From: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
To: "ontario, osc" <inquiries@osc.gov.on.ca>, ab legislature <highwood@assembly.ab.ca>, "complaints@asc.ca" <complaints@asc.ca>
Date: February 19, 2020 at 3:30 PM
Subject: Fwd: FW: illegal vote of krn shareholders

 

Now that the court has ruled on the illegal act of krn. who will tell me why my vote and others were changed. I want an answer. They have violated multiple laws.

 

Stan Phinney

 

---------- Original Message ----------
From: Marc Arseneault <Marc.Arseneault@asc.ca>
To: "nmphinney@kmts.ca" <nmphinney@kmts.ca>
Cc: "inquiries@osc.gov.on.ca" <inquiries@osc.gov.on.ca>, Complaints <complaints@asc.ca>, Harvey White <harvey.white@gov.sk.ca>
Date: December 20, 2018 at 1:28 PM
Subject: FW: illegal vote of krn shareholders

 

Mr. Phinney,

 

Thank you for your email regarding Karnalyte Resources Inc.

 

The ASC is responsible for administering Alberta securities laws, including investigating, prosecuting and sanctioning breaches. The ASC also refers complaints to other regulators or self-regulatory bodies when appropriate.

 

In Canada, securities regulation is governed provincially, with regulators cooperating and working together to protect investors as much as possible. Corporations that issue securities in Canada are primarily responsible to their “principal regulator”. With respect to your complaint, please note that the principal regulator of Karnalyte Resources Inc. is the Financial and Consumer Affairs Authority of Saskatchewan (FCAA). Therefore, FCAA would be responsible for evaluating concerns, investigating issues, and taking any actions against the company. The ASC has taken the liberty of forwarding your complaint by way of this email to the FCAA for assessment. If staff of the FCAA requires additional information or wish to follow up with you, they will contact you directly.

 

As for any allegations of criminal activity, I note that you have contacted a number of law enforcement agencies which are the proper authorities to consider that aspect of your complaint.

 

Regards

 

Alberta Securities Commission

 

Marc Arseneault
Manager, Assessment and Emerging Issues
Alberta Securities Commission
Suite 600, 250-5th Street SW, Calgary, AB, T2P 0R4
Phone: 403.297.4252
Fax: 403.297.2685
Email: Marc.Arseneault@asc.ca

THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE ADDRESSEE AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED AND CONFIDENTIAL.
If you are not the intended recipient, you are hereby notified that any dissemination is strictly prohibited. If you have received this communication in error please reply to the sender immediately.

From: nmphinney@kmts.ca <nmphinney@kmts.ca>
Sent: December 18, 2018 4:01 PM
To: ontario, osc <inquiries@osc.gov.on.ca> Complaints <complaints@asc.ca>
Subject: illegal vote of krn shareholders

To whom it may concern:

 

I have called the RCMP in Calgary, Saskatchewan, Ontario. I have called the Saskatoon police, OPP, and the Toronto police. They have copies of the voting alteration by AST/king as supplied at KRN election. All said they can not charge them or follow up until one of you decide to give them a go

 

This is an absolute fraud and criminal. Do I need to hire a lawyer to force you to enforce the laws that you are paid to protect?

 

thanks for a positive response

 

Stan Phinney

 

Thank you for your support

 

Dear fellow friends and shareholders of KRN.

 

I would like to thank you for your outstanding response. I received over 125 complaints representing over

200 shareholders. We now have the website up and running and it is designed to get our message out to all parties responsible for this mess. I encourage you to post any serious complaint you have made from the start of Feb. 2018.

 

I would ask that you only make professional submissions and always identify yourself. The site is user-friendly. I have thousands of emails and correspondence that I and other shareholders will be posting. We have to keep the pressure on the agencies and financial institutions that are allowing this to continue.

 

Yours truly

 

Stan Phinney

 

 

Email from the Government of Saskatchewan - FCAA 

From: Ken.Foster@gov.sk.ca
To: nmphinney@kmts.ca
Sent: Friday, December 3, 2021 6:22 PM

 

Subject: RE: Fwd: Saskatchewan passes new securities legislation to strengthen investor protection | IIROC

 

Mr. Phinney

 

The legislation referred to in the news release is 2019, CHAPTER 23, An Act to amend The Securities Act, 1988 (Assented to May 15, 2019), which I’ve attached. The specific amendments mention in the attached document are found in Section 151.2, 153 and 154 of The Securities Act, 1988. A link to The Securities Act, 1988, can be found on the FCAA’s website at https://fcaa.gov.sk.ca/regulated-businesses-persons/businesses/securities-industry-participants/securities-laws

 

Ken Foster

Financial and Consumer Affairs Authority of Saskatchewan

 

Investigator

Securities Division

601-1919 Saskatchewan Drive

Regina, Canada S4P 4H2

Bus: 306-787-7840

Fax:  306-787-5899

ken.foster@gov.sk.ca

 

YouTube

CONFIDENTIALITY NOTICE:

This email (including attachments) was intended for a specific recipient, it is confidential and may contain information that is privileged or otherwise exempt from disclosure under applicable law. No waiver of confidentiality or privilege nor consent to disclosure may be inferred from the electronic nature or transmission of this communication. If you are not the intended recipient, your use, dissemination, copying or retention of this email is strictly prohibited. If you have received this email in error or are not a named recipient, please immediately notify the sender, by return email, and destroy all copies of this email in your possession.

 

 

From: nmphinney@kmts.ca nmphinney@kmts.ca <nmphinney@kmts.ca
Sent: Friday, December 3, 2021 12:05 PM
To: Foster, Ken FCAA <Ken.Foster@gov.sk.ca> iirock <InvestorInquiries@iiroc.ca> Minister JU <jus.minister@gov.sk.ca>


Subject: Fwd: Fwd: Saskatchewan passes new securities legislation to strengthen investor protection | IIROC

 

WARNING: This message originated from a source that is not managed by SaskBuilds and Procurement, Information Technology Division. Do not visit links or open attachments unless you trust the sender's email ID and ensure it is not a spam/phishing email.

 

GOOD AFTERNOON 

 

could you please send me info on this legislation so I can post on our web site and inform shareholders. 

 

Thanks 

Stan Phinney



------ Original Message ------
From: randyjackson4@gmail.com
To: nmphinney@kmts.ca
Sent: Friday, December 3, 2021 1:22 PM
Subject: Fwd: Saskatchewan passes new securities legislation to strengthen investor protection | IIROC

---------- Forwarded message ---------
From: Randy Jackson <randyjackson4@gmail.com>
Date: Mon, Nov 8, 2021 at 11:06 AM
Subject: Saskatchewan passes new securities legislation to strengthen investor protection | IIROC
To: Stan Phinney <nmphinney@kmts.ca>




https://www.iiroc.ca/news-and-publications/notices-and-guidance/saskatchewan-passes-new-securities-legislation-strengthen-investor-protection


Sent from my iPhone

--

Randy Jackson 

 

Nov. 29, 2021 - The initial request for help with ongoing investigations

 

November 29, 2021

 

To All Friends and Family Shareholders of Karnalyte Resources

 

I am seeking your help on behalf of all of us !

 

For the past 38 months, I have been fighting to get each and every Canadian Securities regulator to investigate how and why AST/ D F King (now owned by the TSX) and the CIBC changed my votes along with well over 4,000,000 votes of 40 other shareholders in the 2018 KRN Election of Directors. I have proof of how I voted and how AST recorded different numbers prior to and at the 2018 annual meeting. To date, I have received no answers.

Perhaps your votes were changed too ????

 

 

As you can see at https://ca.finance.yahoo.com/quote/KRN.TO/history?p=KRN.TO there is a significant number of shares changing hands daily (approx. 200,000 daily on the retail TSX market) so I believe we need to act quickly and as a group, if we want to salvage our investment.  The Alberta Court of Queen’s Bench has stated that there were votes changed and suppressed in the 2018 election resulting in a number of illegal activities by the board but it appears that the regulators have done nothing in response.

 

Please use the link below (copy and paste) to have your voice heard by the Attorney and Solicitor Generals of Alberta, Saskatchewan and Ontario, the heads of the Alberta Securities Commission and Ontario Securities Commission, the TSX, TSX Trust (formerly AST), IIROC, and the FCAC (Federal Consumer Agency of Canada) and other stakeholders. Please copy your provincial and federal Members of Parliament.

If you can fire off a request to investigate by Wed Dec 1, we might get things moving to have the regulators or courts overturn the 2018 election and move forward from there.

 

Thank you for your assistance. Please forward this to anyone you know with shares.

 

Stan Phinney - KRN Shareholder

 

File Link Dec 2012 Request

 

 

 

 

KRN Voter Fraud Request for Submitting letters to the government

 

 

(cut and paste to OutBox:)

CAgapie@ombudsman.on.ca; Marc.Arseneault@asc.ca; enforcement-intake@osc.gov.on.ca; fcaa@gov.sk.ca; breana.ferrara@cibc.com; Ken.Foster@gov.sk.ca; gmorgan@nationalpost.com; info@fcac-acfc.gc.ca; highwood@assembly.ab.ca; InvestorInquiries@iiroc.ca; ministryofjustice@gov.ab.ca; attorneygeneral@ontario.ca; info@ombudsman.on.ca; inquiries@osc.gov.on.ca; jus.minister@gov.sk.ca; shannon.joblin@cibc.ca; tshufelt@globeandmail.com; julieanne.head@tmx.com; nmphinney@kmts.ca

 

(cut and paste) Suggested Subject Line: KRN 2018 Vote Fraud

 

(cut and paste) Suggested Request:

As an active shareholder in Karnalyte Resources, I am requesting that you take whatever action is required to investigate the vote fraud and suppression that took place at the KRN 2018 annual meeting Election of Directors.

 

Yours sincerely

 

Your Name