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  4. Mining Global Inc. (MNGG) Message Board

Canada has a CTO not chill. Cease Trade Order and

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Post# of 12259
Posted On: 03/25/2015 10:32:55 AM
Posted By: rrr1
Re: GoldStandardStill #6575
Canada has a CTO not chill. Cease Trade Order and yes Joel said they need 18k to lift it. Cedric Atkinson never filed in Canada and there are several financials that needed to be filed. Joel is cleaning it up. I am Canadian and it affects me on several stocks and it sucks. I never had this problem pre 2012 when Canadians were allowed to have US brokerage accounts. New laws have really screwed things up and honestly it is just a tax or money grab from the Canadian Government and all it is doing is hurting Canadian citizens as all OTC Canadian traders got trapped without warning in their positions unable to buy or sell. Only way to fix it is for company to file fins on Sedar and pay. Other option is for Canadian to open US brokerage and trust me it isn't as easy as using a friends address I tried. Must have ID and proof of residency. SO my friend while many say screw it use the 18K for buyback who cares about the Canadian traders I am one who has significant money tied to this and has a family like everyone else and saw his money dissipate and could do nothing about it for years and am happy Joel is trying his best to let me recoup it and possibly see a ROI.


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