Valtx Cyber Security — Self-Serving, Racist, AllWhite Ontario Securities Commission vs Dennis

This page will update information on the Self-Serving, Racist, All-White Ontario Securities Commission (OSC) and their attacks on many innocent Companies such as Valt.X Holdings Inc., Home Capital and Others

OSC Facts: Takes in $125 million per Year of Investor money. Chair has an annual salary of $708,000 - more than 3 times the salary of Ontario's Premier. OSC has 326 employees on the Sunshine List earning $100,000+ per year, Violations of OSC Staff - Tampering with and Forging Evidence against Respondents. Strategy - attempts to overwhelm Respondents with irrelevant information.

Ontario desperately needs funds - The OSC has $50 million in cash - The Premier should take away these funds from the OSC and cut down their budget.

Doug Ford speaks on Sunshine List: http://www.cbc.ca/player/play/1193751107894/

  

The Valt.X Case:

Valt.X Holdings and its wholly owned subsidiary Valt.X Technologies, both Ontario Companies, raised funds from Accredited Investors and developed innovative Cyber Security technology to cyber secure computers with absolute certainty.

In 2009 and again in 2011 Valt.X appeared before OSC Enforcement Staff who were investigating whether Valt.X investors were Accredited Investors and whether Valt.X was a legitimate Company. The majority of Valt.X Investors are not resident in Ontario. The OSC Staff found that there was nothing wrong with the Company's procedures for verifying that the Investors were Accredited and that all information supplied by the Company was true. In each case no action was taken and the OSC Staff acknowledged that the Company was "a good Company".

In September 2015 the OSC put a Cease Trade Order against the Company based on an alleged "complaint" from a new investor in Texas. The Cease Trade Order came at an untimely moment as the Company had interest in investing from sixty six Doctors. The OSC Enforcement Staff refused to discuss the matter with Valt.X CEO and Founder, Dennis Meharchand,  claiming he had "a reputation". A Hearing was held in October 2015. Valt.X Founder, Dennis Meharchand, discovered that key evidence, the Accredited Investor Certification Form that all Investors fill in was tampered with so that 4/5ths of the page was blank and any Commissioner (Judge) would not be able to see that proper procedures were followed. Valt.X Founder and CEO hired a lawyer. The lawyer discovered that there was no "complaint" and in a recorded interview with the Investor the investor emphasized that he was not making a "complaint" but was merely inquiring as to whether the Share Certificate issued was legitimate. A Hearing was held. The Commissioner judging the case, Timothy Moseley, ruled that the Cease Trade Order would be lifted and that there was no need for the Company and CEO to register with the Ontario Securities Commission. Apparently it was the first time that a Cease Trade Order was ever lifted against a Company appearing before the OSC. There was no admonition of the OSC Staff for tampering with and forging the evidence. The Valt.X lawyer advised that the entire legal community was talking about the case and that Valt.X should think about what it would plead guilty to as the OSC had tremendous resources and would not accept defeat. The CEO and key Investors made a decision to create a Company in the United States, Valt.X Cyber Security, with view to leaving Ontario.

The OSC continued it's investigation - in February 2017 the OSC alleged that the Company raised $1.4 million over 5 years (Jan 2012-Dec 2016) and used the funds inappropriately (alleging fraud). The Company showed that it raised $1.6 million with near $3 million in legitimate expenses and that the CEO and Founder, Dennis Meharchand, took ZERO in Salaries. The additional money came from the CEO himself and funds borrowed by the CEO. The allegations by the OSC nixed a deal with an Investment Bank to list Valt.X on a public Stock Exchange.

On 29th November 2017 Commissioner Timothy Moseley was appointed Vice-Chair of the Ontario Securities Commission with a substantial increase in salary.

In December 2018 The Racist All-White Panel , led by the Vice-Chair Timothy Moseley (who was now in line for a tremendous salary increase) ruled that the Founders evidence was "uncorroborated" and "incoherent" even though the majority of calculations on expenditures was prepared by the OSC themselves and the OSC Panel of Judges had not indicated any misunderstanding of the arguments being made. The racist, Self-Serving Vice Chair who is on path for a huge salary increase found the evidence by the staff was "credible" even though we repeatedly showed that the OSC Staff had tampered with and forged evidence, including:

Tampering with the Companies Subscription Documents blanking out 4/5 ths of it's Accredited Investor Certification form in order to discredit the Company's valid procedures. Note: The Company had appeared twice before the OSC and was told that its procedures were all good.

Merging three separate Company Emails to create a false narrative of the Initial Crowdbuy program (ICP) - Program was canceled on advice of lawyers.

Falsifying many dates to create a narrative that the Respondents were delaying.

The Commission falsely asserting that the Respondents were at all times represented by legal counsel. The Respondents were not represented except for "Settlement Negotiations". The Respondents did not pursue any settlement as they are not guilty of anything. The OSC attempts to overwhelm Respondents - in the Valt.X case over $1 million and 3 man-years were apparently spent on the investigation.

Tampering with and falsifying many other pieces of "evidence".

Hiding from The Panel (Commissioners) evidence of Valt.X Investors corroborating financial transactions.

It is important to note that the Commissioners who are the "Judges" at these Hearings are not impartial - they work for and are paid by the Ontario Securities Commission. The Province should consider eliminating Hearings at the OSC and go straight to Court where impartial Judges can decide cases.

The Vice-Chair Timothy Moseley now changed his mind about whether Valt.X and it's CEO should Register with the Ontario Securities Commission. When asked which of the thousands of other CEO's raising Capital in Ontario had Registered with the Commission the OSC had no answer. Apparently its OK for white people to not register but Niggers, Chinks and Coolies must. I use these words as the Racist people at the OSC may not understand Blacks, Chinese and Visible Minorities.

The Company also argued that it is impossible for the Company and/or CEO to conclusively determine whether an Investor meets the Financial test as we would never know the Investors Liabilities - it is and always has been a SELF CERTIFICATION PROCESS!!

The Ontario Securities Commission needs to be reviewed and changes made to allow Private Small to Medium Sized Businesses unfettered access to Capital Markets and to allow Investors the right as to where to Invest their money. The damage to Ontario's economy is significant.

Now its up to Premier Doug Ford and Finance Minister Vic Fedeli to take action.

To Finance Minister Vic Fedeli;

cc: The OSC Panel and

Maureen Jensen, Chair OSC ($719,000 annual salary);

Doug Ford, Premier of Ontario

I am requesting a meeting to discuss the unprecedented attack by the Ontario Securities Commission against Valt.X Holdings and Valt.X Technologies Inc., Valt.X, an Ontario Cyber Security Company.

The Ontario Securities Commission has spent substantial resources, estimated at well over $1 million against the Companies to prevent the Companies from bringing their innovative Cyber Defense products to market. Products that could protect Canada, The United States of America and their Allies against Cyber Warfare, Cyber Espionage, Cyber Crime and Cyber Terrorism attacks.

The OSC Enforcement Staff have repeatedly forged the information used against the Company and the Self Serving, All White and Racist OSC Commissioners have twisted evidence given at the Hearings against the Company to find the Company guilty.

The result is that enemies of The United States, Canada and our NATO Allies have come against severe Cyber Attacks from China and Russia. See todays news stories -

https://www.bbc.com/news/world-us-canada-46638323 

https://www.theguardian.com/world/2018/dec/20/us-and-uk-accuse-china-of-sustained-hacking-campaign .

I am asking You Vic Fedeli, as Finance Minister of Ontario responsible for the Ontario Securities Commission to intervene in the matter.

What we have here is a Self-Serving Organization, the OSC, spending $125 million of Investors monies annually to attack Ontario and United States Companies while giving themselves huge annual pay raises. The salary level of Chair Maureen Jensen is $708,000 per year compared to Premier Doug Ford's $209,000 salary. Vice-Chairs apparently earn $440,000 per year.

The OSC is doing tremendous damage to the Ontario and Canadian economies and is now impacting our Cyber Defense - facilitating rogue foreign nations attacking us and stealing NATO Country intellectual property.

We need an urgent look at the matter to determine who in the OSC is working for China and Russia pushing these subversive attacks.

Much needs to be done with this rotten organization - the OSC has $50 million in cash and they take $125 million a year from investors. These funds can be put to better use elsewhere. The Premier has taken away funds not properly used from Ontario's Education Sector - what about the OSC with their rotten, corrupt Self-Serving, Racist, All-White Ontario Securities Commission with it's 326 employees on the Sunshine List earning $100,000 or more per year?

I will be calling news conferences to bring these matters to attention of the public.

The Valt.X Case:

OSC alleges that the Company raised $1.4 million over 5 years and used the funds inappropriately (alleging fraud). The Company showed that it raised $1.6 million with near $3 million in legitimate expenses and that the CEO and Founder, Dennis Meharchand, took ZERO in Salary. The Racist All-White Panel , led by the Vice-Chair Timothy Moseley ruled that the Founders evidence was "uncorroborated" even though the majority of calculations on expenditures was prepared by the OSC themselves. The racist, Self-Serving Vice Chair who is on path for a huge salary increase found the evidence by the staff was "credible" even though we repeatedly showed that the OSC Staff had tampered with and forged evidence, including:

Tampering with the Companies Subscription Documents blanking out 4/5 ths of it's Accredited Investor Certification form.

Merging three separate Company Emails to create a false narrative on the Initial Crowdbuy program (ICP).

Falsifying many dates to create a narrative that the Respondents were delaying.

The Commission falsely asserting that the Respondents were at all times represented by legal counsel. The Respondents were not represented except for "Settlement Negotiations". The Respondents did not pursue any settlement as they are not guilty of anything.

Tampering with and falsifying many other pieces of "evidence".

Hiding from The Panel (Judges) evidence of Valt.X Investors corroborating financial transactions.

Dennis Meharchand 

CEO, Valt.X Holdings Inc.

C:416-618-4622

W: www.valtx.com

E: dennis@valtx.com