Letter of Complaint to TSX
posted on
Jan 12, 2008 01:30PM
Engineering, procurement, construction & management of crude oil refineries.
...sent to TSX this am - will report reply to the board - I don't get easily p*ssed but this one really got me...
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I write to express my seriousconcern regarding a statement attributed to a TSX "spokesman" in a January 12th Vancouver sun article authored by David Baines concerning Winfield Resources [wwf.h].
http://www.canada.com/vancouversun/news/business/story.html?id=ec71370e-e0ce-43ba-9c75-c73e1114d6af&k=32289
In that article Steve Kee representing the exchange reportedly stated:
"... the exchange is continuing to review the suitability of all the company's directors and officers."
The remark is coupled with commentary by Mr. Baines suggesting that the exchange may be preparing to require the resignation of WWF president Michael Foley.
Should the remark by Mr. Kee be accurately reported I find it extremely disconcerting that he would presume to issue a public statement which in effect is a negative criticism of the management of the company. In my view such a criticism would be inappropriate in the extreme and indicate a prejudicial bias on the part of the exchange toward the company and its officers.
I am prepared to accept, given the obviously one-sided presentation Mr. Baines gives the subject, that Mr. Kee's remarks were either misconstrued or presented in a context other than that in which they were made. Nevertheless, presented as they are they tend to undermine investor confidence in the company and compromise the perception of impartiality of the exchange.
I would strongly suggest that steps be taken to publicly correct the impression that has been created the statement as quoted and to forestall any damage which might ensue.
Love - XOXOXO
[I really sent the letter - just not the last line - now I feel better]