Archive for June 3rd, 2009

Concrete Equities Admits To Breaching Alberta Securities Laws

Wednesday, June 3rd, 2009

Well check this out – looks like I should have been checking up on Concrete Equities late last year:

“CALGARY, Dec. 23 /CNW/ – The Alberta Securities Commission (ASC) has concluded a settlement with Concrete Equities Executive Club Inc. regarding allegations that it breached Alberta securities laws. As of June 2, 2008, Concrete Equities Executive Club promoted and sold Class B shares to 18 Alberta investors, raising $1,620,000. Concrete Equities Executive Club admitted it breached Alberta securities laws when it engaged in an illegal distribution by distributing its Class B shares to 13 of these investors without a prospectus and without being registered to trade in them. Concrete Equities Executive Club paid $80,000 to settle the allegations and $2,000 toward investigation costs. In addition, Concrete Equities Executive Club has offered to recind and refund all investors who purchased its Class B shares and has undertaken to refund the investments of the 13 unqualified Alberta investors.”

A word to all investors: always do research on the companies you invest with, and the people who run them. Especially the people who run them!

UPDATE: I found a CTV News story on this.

Kimbo Slice On the Next Season of The Ultimate Fighter

Wednesday, June 3rd, 2009

“Kimbo Slice, the controversial heavyweight who in 2008 headlined the most-viewed mixed martial arts card in history, will be one of 16 contestants on the forthcoming season of “The Ultimate Fighter,” the Ultimate Fighting Championship’s reality TV series. Dana White, the UFC’s outspoken president, has repeatedly mocked Slice for his lack of fighting ability. Slice, whose real name is Kevin Ferguson, became a cult figure by competing in street fights that were posted on YouTube. Slice’s “bouts” drew tens of millions of views and led him to turn professional.”  – Yahoo Sports

Oh man…is he even going to make it through the first week without starting a fight and getting kicked out of the house? And Dana White is right, the guy may be scary in a parking lot, but in the ring he seems to lack skills at, well, everything. This will sure be interesting to watch! [shout out toVinny for the tip]