Decisions

L.O.M. Medical International, Inc., et al. [Revocation Order]

BCSECCOM #:
2008 BCSECCOM 524
Document Type:
Revocation Order
Published Date:
2008-09-29
Effective Date:
2008-09-26
Details:

2008 BCSECCOM 524

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 2008 BCSECCOM 524

COR#08/170

Revocation Order

L.O.M. Medical International, Inc. and John Klippenstein

Section 171 of the Securities Act, RSBC 1996, c. 418

      Background
¶ 1 On October 24, 2002, the Executive Director issued a notice of hearing against L.O.M. Medical International, Inc. and John Klippenstein, and on July 30, 2003 the Executive Director amended the notice.

¶ 2 On June 24, 2003, the Commission adjourned the hearing and issued a temporary cease trade order under section 161(2) and (3) of the Securities Act, RSBC 1996, c.418 (2003 BCSECCOM 426), that LOM and Klippenstein cease trading in securities of LOM until the hearing is held and a decision is rendered.

¶ 3 The Commission held its hearing and, on May 28, 2004, the Commission issued its decision (2004 BCSECCOM 289) and revoked the temporary order on conditions. These conditions have not been fulfilled.

¶ 4 On September 25, 2008, LOM applied under section 171of the Act for the Commission to revoke the June 24, 2003 cease trade order (2003 BCSECCOM 426). In support of the application LOM filed the affidavit of a director appointed by an Order of the Supreme Court of British Columbia on June 30, 2008 and the undertaking of LOM.
      Order
¶ 5 Relying on LOM’s application, the affidavit and the undertaking, and considering to do so would not be prejudicial to the public interest, the Commission revokes the June 24, 2003 cease trade order (2003 BCSECCOM 426).

¶ 6 September 26, 2008




      Douglas M. Hyndman
      Chair