See the File the BC Securities Commission does not want you see.. why has this file been hidden from public record?
Scrubbed from the BC Court of Appeal records here is missing file #43449 at http://bcsecuritiescommissionasham.blogspot.ca/2017/03/case-43449-bc-court-of-appeal-missing.html
Thursday, 28 January 2016
ONE OF MANY ATTEMPTS TO REACH OUT TO THE BCSC AND PUBLIC OFFICIALS YEARS AGO BUT THEY WERE ALREADY BUSY ENTRAPPING US
Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
Minister of Justice and Attorney General Honourable Suzanne Anton PO BOX 9044 Stn Prov. Govt Victoria BC V8W 9E2
Tuesday, January 28, 2014
Subject: BCSC Unfair Practice
Reference: BCSC Enquiry Log #38849 * June 2013 * SPYru Inc. and Paradox Distributors
Dear Ms. Anton,
We are contacting you as a last result to protect over 300 BC investors and prevent the collapse of a viable company. We have prepared the following information for your review and assessment to investigate the BC Securities Commission for causing financial damages, abuse of power and failing to perform their mandated duties involving our Official Notification dated June 2013 to the "commission" of fraud perpetrated by our off-shore directors located in Providencials, TCI. We also requested the "commission" to assist and guide us as to how we can salvage our 300 BC investors and have these individuals registered as investors under the BC Securities Act.
This involves the start-up of a beverage company based in Providencials, TCI, where in 2010 Mark Glusing and Klaus Glusing formed a company named SPYru Inc. registered in the Turks and Caicos Islands. The Canadian directors were Lorne Cire and Peter Harris both residents of Kelowna, BC. They both resigned from SPYru Inc. in January 2013 on the grounds that Mark Glusing and Klaus Glusing had miss-appropriated funds and we needed to protect over 300 BC investors.
We are now at the stage we need to bring out the mitigating circumstances that have caused this state of affairs. The "commission" has been investigating us from the time we notified them in June of 2013, and after nine months we still have not been accused of any wrong doing other than improper documentation under the "commission". As of last week January 24th the "commission" has now asked for more documentation as they still want to continue to investigate our case. If the "commission" has not found anything after nine months, why are they still investigating?
It does not make sense for the "commission" to ask us to be witnesses and testify against ourselves. We have not been formally accused of any wrong doing and no complaints have been Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
filed to the "commission" by our investors. The "commission" advised us that our case is unique, the "commission" stated they usually go after people, they mentioned they have no protocols for individuals volunteers themselves and the "commission" admitted they were not sure how to handle our official request for assistance.
BCSC – Summonses to Appear
On January 23rd last week Lorne Cire appeared in front of the "commission" at their request and the overall meeting was about the review of bank statements, subscription agreements, credit card bills, balance sheets and so on.
The "commission" never asked Lorne Cire about what happened with Klaus Glusing and ourselves, it was obvious they intentionally avoided the subject.
To date we have paid $125,000.00 to provide the "commission" with evidence as witnesses to be potentially used against us by the "commission". In actuality we have paid $125,000.00 to be investigated by the "commission"? Should that not be at the "commission" expense?
Why are we paying legal fees when we have not been formally accused by the "commission"?
Legal Representation of our Securities Attorney
Teresa M. Tomchak – Farris Law, Vancouver
We have no complaints about Ms. Tomchak as this is a unique case and she is faced with many grey areas, Ms. Tomchak is stuck between a rock and a hard place, after all the "commission" is her bread and butter, how hard can she push?
The "commission’s" Agency Service Failures
It has become apparent the "commission" has no intention to protect the SPYru investors
We requested a meeting with the "commission" to explain our exceptional situation, it was made very clear by the "commission" they had no interest in meeting with us to have a better understanding of our state of affairs as victims, all the "commission" requested was that we tender the SPYru documentation for their review and every time we communicated with the "commission" they strongly advised us to retain the services of an accredited securities attorney
To date we have spent over $100,000.00 in legal fees to deal with strictly documents and not the mitigating circumstances. Moreover, we are now looking at another $25,000.00 in legal fees plus travel, hotel and meal expenses while in Vancouver to appear in front of the "commission"
The "commission" wants this file to go away, it’s a political and potential PR nightmare, by the "commission’s" ongoing actions it’s very clear they do not want to make a Ruling or a Decision to assist and protect the SPYru investors and their investment.
Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
BCSC Public Notifications
Why is our case, BCSC Enquiry Log #38849 is not appearing on the "commission’s" website docket of Herrings, Notifications and Investigations?
The "commission" has not provide efficient, timely, and responsive service. They have not acted fairly and ethically. They not taken responsibility to reach a timely resolve. They have not acted in a transparent fashion. They have not acted in the best interest of the investor’s. They have not taken a risk-based approach, proactive, innovative, and in a cost-effective manner.
Requirements for Corporate Survival
1. We need to stop the hemorrhaging of operational cash to cover legal fees to deal with the BCSC
2. We must prevent the "commission" from their unnecessary and not validated actions to cause the financial collapse of U-GO Brands
3. For the month of January 2014 U-GO Brands lost $250,000.00 of product orders due to the "commission" depleting our cash flow over this case and we still have not been accused of any miss doings
4. The "commission" failed to protect the interest of the SPYru investors
5. The "commission" failed to acknowledge and properly handle in a fair and non-discriminatory manner and properly respond to Peter Harris and Lorne Cire’s official "Statement of Facts" submitted to the "commission" in June 2013 and both Peter Harris and Lorne Cire requested assistance from the "commission" in the SPYru matter to protect over 300 SPYru shareholders the majority being BC residents, the "commission" never responded to our concerns
6. The "commission" failed to inspire SPYru investors’ confidence in resolving this matter in a timely fashion
GENERAL CHAIN OF EVENTS AND TIMELINE
Between Mark and Klaus Glusing, Lorne Cire and Peter Harris
This following was submitted to the "commission" in June 2013
First Approach by Klaus Glusing
In late 2009 Klaus Glusing approached Peter Harris to form a new shipping line operating out of Quebec City to Amsterdam, the company was called ICON SHIPPING and our task was to raise $2M to cover the start-up expenses for the ship charters, container leasing and so on.
Since Peter Harris worked with Lorne Cire at PARADOX as an independent, Peter Harris recruited Lorne Cire to raise investment funds for ICON SHIPPING. Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
For six month Peter Harris & Lorne Cire contacted Canadian and American corporate executives, professional team owners to promote ICON SHIPPING with no success in raising any capital.
Personal Relationships and Working History
Kelowna’s (Lorne Cire & Peter Harris) decision to work with Klaus Glusing was based on Peter Harris’s 17 years of working on and off with Klaus Glusing back in the 70’s at CAST LINES in Montreal and over the years Klaus Glusing became Peter Harris’s mentor and we had no reason not to trust Klaus.
Second Approach by Klaus Glusing
By late 2010, Klaus Glusing asked if PARADOX would be willing to help his son Mark muster-up investors for his son’s new venture called "SPYru Uberwater", the nature of this business is to create and produce a water base drink infused with "Spirulina". According to Mark Glusing he only needed $175,000.00 to get SPYru up and running, this was only going to be a short term assignment. Over time after Mark Glusing’s passing in October 2011, red flags started popping up and as a result from October 2012, Kelowna recognizing that Klaus Glusing had a hidden agenda and this was to constantly badger Kelowna to sign-up new investors and not focus on the commercial development of SPYru and its success.
PARADOX/SPYRU - Money Transfers to Mark Glusing
Since this was going to be a short-term assignment and Kelowna had no intentions of being involved with SPYru on a full time basis, Klaus Glusing suggested Kelowna use Western Union and MoneyGram to transfer investor funds to Mark Glusing for the SPYru venture.
PARADOX/SPYRU – Bank Transfers to Klaus Glusing
Having no success with the ICON SHIPPING campaign, it was decided by all parties to focus our attention on developing SPYru. Base on this decision at first all investment funds collected by Kelowna were deposited in Lorne Cire’s personal bank account and forwarded on to SPYru.
Both Lorne Cire and Peter Harris approach Klaus Glusing insisting SPYru be transferred from Providencials, TCI and set-up in Canada or the United States, they insisted transferring of cash money had to stop. In addition Kelowna insisted that all accounting duties be transferred to Kelowna, our request was belligerently rejected by Klaus Glusing.
In the meantime Lorne Cire switched the banking from his personal account to the PARADOX business account, pending our approaching corporate attorneys to investigate our legal position in Canada versus the Turks and Caicos. Our objective is to salvage our work to date on this project and protect our loyal investors. Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
It became evident Klaus Glusing had no intention to get SPYru Uberwater to market, Kelowna realised this when it was confirmed to Kelowna by major retailers they would not carry SPYru Uberwater due to the chemicals it contained.
Mark and Klaus Glusing were aware of this from the very start and never passed on this information. Thus, Kelowna came to the conclusion the Glusing’s were only interested in razing cash for their personal benefit.
CONFRONTING KLAUS GLUSING FOR MISS-MANAGEMENT OF SPYRU IN.
Board Meeting – October 2012
Both Lorne Cire and Peter Harris traveled to Providencials to express our dissatisfaction on how the company was being administered and we confronted Klaus Glusing with the following questions:
Q. We want to see the company minutes registered in Providencials, TCI?
A. No need for you to see the company minutes, I sent you the Director confirmation
Q. How many shares does SPYru Inc. have in total?
A. No need for you to be concerned, just keep the investors coming and we’ll make it
Q. How many shares do you have now since Mark’s passing?
A. It’s none of your business, let’s move on
Q. What happens to SPYru if you die?
A. A lawyer will be appointed by the court
Q. Do you not have a lawyer to take care of business?
A. No, I don’t need one
Q. How do we protect our investors since SPYru is an off-shore company?
A. Don’t worry about it, I’ve been running off-shore companies for years, they are protected
Q. If the investors are protected, can you explain why we cannot transfer SPYru to Canada or the USA to insure regulations are adhered to?
A. As you know I’ve been researching the possibilities with an Atlanta law firm to possibly setting up SPYru in the USA. I certainly do not want to incorporate in Canada for tax reasons Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
Q. We asked why SPYru is not supplying PARADOX with monthly expenditure reports and bank statements from the funds PARADOX is sending to SPYru/Klaus Glusing
A. You don’t need to worry about that, besides I’m taking care of the books. In the TCI’s we don’t have to submit a financial report to Canada since we’re a private company and off-shore
Total Funds Not Accounted for: $805,515.13
Mark Glusing: $213,759.99
Klaus Glusing: $591,755.13
We have no plans to pursue Klaus Glusing for these funds, our only resolve is to insure investor protection and security.
Action taken to transfer Shareholder Base from Providencials, TCI to Kelowna, BC
Effective March 2013 PARADOX DIST. terminated its business agreement with SPYru Inc. and Klaus Glusing.
Our principal objective is to protect our investor base from losing their private investment and taking into consideration Klaus Glusing refusing to provide PARADOX with monthly financial statements of all funds transferred from Kelowna to Providencials, TCI.
Through our corporate attorneys, FARRIS LLP, Kelowna, BC and through Mr. Kevin Kingston we now have a BC Corporation listed as: ECHO PARTNERS LTD. We have instructed Mr. Kingston not to assign new ECHO PARTNERS and or U-GO BRANDS share certificates pending BC Securities approval.
ECHO PARTNERS LTD. – Profile
Nature of Business
Joint venture Company dedicated in the development of all natural products with dynamic health and environmental sustainability.
Our mandate is to distribute proprietary products and their trademarks under our subsidiary U-GO BRANDS NUTRITIONAL PRODUCTS INC.
Board of Directors
LORNE CIRE, Director, President and CEO
President, Paradox Dist. (1992) Ltd
PETER HARRIS, Director and Board Secretary
Paradox Dist. (1992) Ltd
Anderson Harris Marketing Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213
DR. MICHAEL KWASNEK, Director and Board Treasure
Director Optometry -Great Canadian Super Stores
JOHN THIBERT, Director
President, Bear Promotions
CHRISTOPHER A. BURKE, Director
President, Ghosted Media
SPYru Shareholder General Profile
With the exception of about five investors, from March 2010 to present, PARADOX signed over "Three Hundred" (300) SPYru Investors. A great deal of our shareholder base consists of the Cire Family and friends.
The other two major group of contributors to our shareholder base are, Dr. Michael Kwasnek and John Thibert, as a result we have a substantial amount of Medical Doctors as shareholders. John Thibert is a retired from Ottawa and is very well known in the Okanagan Valley, Mr. Thibert has brought a substantial amount of local business men to our investor base.
SPYru only sold shares to friends, family and business associates. We never promoted or solicited the general public, all investors came referred.
ACTION TAKEN BY KLAUS GLUSING SINCE THE MARCH 2013 TERMINATION OF AGREEMENT
Ever since the termination of our agreement with SPYru, Klaus Glusing has been virtually canvasing via e-mail messages and by phone some SPYru shareholders for more investment funds and criticizing Paradox, no one in Canada has responded to Klaus Glusing’s phone calls or e-mails.
For your reference, the above mentioned e-mail messages can be found in the "Klaus Glusing Correspondence" folder.
In addition Klaus Glusing contacted Dr. Michael Kwasnek, John Thibert to offer them a position in SPYru selling shares in Canada, both have not responded to Klaus Glusing.
October 2013 Klaus Glusing passed away in his sleep of natural causes in Providencials, TCI and SPYru Inc. is no longer operating. In addition, no will or assets have been found by the Providencials authorities, they did find a bank account with $300.00, and no one has claimed the body. Peter Har r is U-GO Brands Nut r i t ional Product Inc. 250-756-8213