Hello all,
First I would like to again point out that this blog was created for the York Rio Investors as a source of information and support. Any further comments with a tone such as Winston’s will be deleted from the blog. There is no need for comments like this and they will simply not be tolerated. If they become more frequent we will look at restricting posts for review prior to posting.
We are also putting together a contact list of those investors who provide us with their information as previously mentioned. We now have nearly 10% of the investors on our contact list. This may yet prove beneficial once the OSC has laid charges as a law firm may then be willing to look at a class action on contingency.
We have done some investigating into the Texas Lawyer Nicholas Williams with regard to what was posted by an anonymous investor. Mr. Williams is a legitimate lawyer, however, we believe the individuals he so called ‘represents’ may be con’s. We have contacted the OSC regarding this matter and were told that they have identified several "red flags" that are typical of a double dip.
We are presently looking for contacts in Dallas to report Nicholas Williams for an investigation. Perhaps we will succeed here and find out the truth.
There is a long road ahead but perseverance may yet pay out.
Best wishes and keep the contacts coming.
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York Rio Resources Inc., Victor York, Adam Sherman also known as Jason Sebrooke also known as Michael Chambers, Tom Parker, Joe London, Peter Robinson, Mark Roberts, Abraham Saks, Michael Walsh and Kevin Crawford. Victor York is the President and sole director of York Rio while Sherman, Parker, London, Robinson, Roberts, Saks, Walsh and Crawford, Brilliante Brasilcan Resources Corp
12 comments:
There has far too little to news and action on this for my liking. All this money gone and there seems to be no repercussions. I was led to believe that charges would be laid in June '09. I heard nothing of it. Sooo... Finally, there is another hearing at the OSC tommorow. 10:00AM. I hope something comes of it. I welcome any news anyone hears.
I wouldn't be holding your breath Diamond.
Chances are that OSC will ask to move it to next spring as they never really had anything to begin with anyways.
Original and only real problem was Brilliante. York-Rio got swept in and all that has happened is one looong cease trade.Company has been stuck waiting just like the investors.
That is the way that the OSC has always done it and will always continue to do it.
How else can a provincial agency justify it's $259,000,000. budget?
lazlo. As per the update on the OSC site, you were right. Nothing came of it... except our taxpayer money being spent on a no-news hearing and YRR spending our investor money on legal help.
Hello Everybody,
A news update was mailed out to all investors who have given us their contact information. If you have contacted us with you info but did not receive the news update please email us at yorkrio.investors@gmail.com with you contact information again. We will double check the data and resend the updates. If you have not contacted us but would like to receive this information please give us you contact information to receive the updates. Your contact information will remain confidential unless otherwise agreed upon.
Regards,
I'm one of those who got taken for alot of money. Trying to find Nicholas Williams and his helpers Joseph Grant and Mark Greenwood. Last contact was July 28, 2009 when Joseph emailed to tell me their office was feeling feverish and they all had to go to the hospital. Also the "Price Anderson" transfer agent is a hoax. I am currently filing with the RCMP and Consumer Affairs. Have already checked the Texas Bar association and yesterday spoke to the Attorney Generals department. They haven't heard anything negative about Nicholas Williams. If there is a recent update available, please count me in. I appreciate all you guys are trying to do and I will keep you informed if I find out anything.
Some update!
A year later and no scam, no monies seized or accounts frozen, no charges or allegations filed and another date for next spring (March 2010).
Just wonderful.
This was a train wreck from the getgo.
So glad that so much has been done. I am really thankful Not.
I took the time to look at the Ontario Securities Commission at
http://www.fingov.on.ca/english/publications/salarydisclosure/2009/crown09.html
Sit down before you take a look.
Somehow it seems that the OSC investigator making $104,000. a year at the lowest point and the average is at $150,000to $250,000 a year would reflect a desire to actually move forward in almost a year. A lot of noise,paper and fingerpointing.But still nothing to show. An incredible waste of time and most definitely a waste of money on all sides.
I doubt if we will see any money even after next March.
Sorry for being so cynical but false hopes are worse than no hopes.
http://www.fin.gov.on.ca/english/publications/salarydisclosure/2009/crown09.html
Hello all,
I just received an email from the Ontario Securities Commission warning of another attempt at a double dip for York Rio shares coming out of Japan. It is a scam involving up front fees to cash out your shares. Be carful out there.
Absolutely correct as to that method which is known as "slop-loading".
the salespeople that worked for the consulting companies directly retain some of the information for future use. i was contacted a few days a ago and confirmed that also.
the salespeople(Adam Sherman/aka Jason Seabrooke,Shelley Cash aka Harvey Milton,Clement Singh and a few others)basically contact the investor with a "great offer": during the period that the company remains cease traded and cannot move forward there is a company willing (why?)to purchase their shares for an incredible amount.And they purport to be working out of Japan, Costa Rica,Spain,Panama, Texas etc. All that the investor "needs" to do is cover some administrative costs.
The best way to address these calls/emails is toask for their telephone number and the bona fide address and also advise them that the securities commission NOT the company would be glad to field the matter as the company is no longer trading. The lists of investors are also used for gem sales,ipo's and a variety of unrelated investments that appear "out of the blue".Do not be shy in asking the person: how did you get my name and all information? Do you mind if I get the securities commission to call you and questions that will cause them to suddenly lose interest in you.Their predatory nature will turn to self-preservation and they will avoid you at all costs.
The best way to handle the bottom-feeder salespeople that have retained any information for future use is to invite them or the company to meet in person in Canada. They wont.
Also--Keep track of all email addresses, telephone numbers, names and addresses and give them to the securities commission asap.
I just finished looking at the Winnipeg Free Press story about this "Penn Capital Management Ltd." company in Japan, of all places trying to purchase our shares at inflated prices.
Frankly any investor being contacted "out of the blue" for any investment should call the MSC at once.
Although I am pleased that the MSC passes on any warning I am nonetheless curious as to why they dont take a more proactive stance.
The deep pockets and resourceful staff at most commissions can surely investigate that company. Looking at it's website there is no names attached and the information is sketchy at best.
More than likely the company is not based in Japan at all.
I phoned the number and a recording (in English, no accent) came on asking toleave a message for the individual at that number(No company name!)
Also: when I hit the asterick I got a recording stating :"Thanks for calling T-Mobile".
T-Mobile is based in the U.S.A. NOT Japan.
The address reflects the KINKI OSAKA BANK in Osaka, Japan right down to the postal code.
This tookme all of 15 minutes to find out..plus the Financial Services Agency in japan lists Penn as well as about 2 dozen other companies to avoid.
Personally I would ask that the party/company deduct the cost of a round trip ticket (from Japan?)and 2 or 3 nights at a hotel and bring the funds in person.
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