2014-04-10 15:32:40 -
Barker Minerals Ltd. Reports James Wesley Christian has joined the Company as Special Outside Legal Counsel Regarding Irregularities Exposed by Trading and Settlement Event Analysis Studies
Prince George, British Columbia (FSCwire) - Barker Minerals Ltd. (“BML” on TSX/V) (“Barker” or the “Company”) reports that in conjunction with its Pro Long Strategy (PLS), James Wesley Christian, of Christian Smith & Jewell LLP, will provide specialized legal advice in regards to identified irregular trading and settlement patterns which include indications of “failures to deliver” (FTD) activity, commonly referred to as “naked short selling”(NSS), which is illegal, harmful and destructive to investors and companies alike. For some time Barker has been concerned about a potential link between malicious defamation, libel and apparent abusive irregular
trading and settlement activity. Barker is pleased to report its affiliation with Mr. Christian who brings with him access to a consortium of highly respected and experienced professionals in both Canada and the United States. (U.S.)
The recent association has been created as a follow up of recommendations from a report prepared for the company by independent expert witness Dr. Suzanne Trimbath, Ph.D. of STP Services Inc. ( www.stpadvisors.com/
) Dr. Trimbath stated in her report:
“In conclusion, through the efforts of Barker management, the evidence of manipulative activity is becoming increasingly obvious. Barker Minerals Ltd. has passed the stage where more and further research is necessary. The latest developments and improved methodology and reporting which they are calling the "Pro Long Strategy" provide solid evidence upon which they can take legal action" and she continues "I also recommend that Barker consult lawyers about bringing action against specific broker-dealers identified through PLS reports" (BM-12-217)
About James Wesley Christian ( www.csj-law.com/attorneys/jchristian.html
Mr Christian will provide legal advice, access to his wide network of professionals when and where required, and work together with management in developing the strategies to move the company forward in the most effective manner to stop these harmful and abusive activities from occurring, to hold those participants who are responsible accountable and to determine and recover any significant damages that were caused to the Company as a result of such activities.
Mr Christian’s experience with market manipulation and irregular trading activities is vast and impressive, as is the expertise of the professionals that he brings with him as a team. Mr Christian was part of the legal team representing such companies as Overstock.com, Eagletech Technologies and Taser International Inc. in their lawsuit and subsequent settlement with a number of U.S. brokerage firms. (Taser International Inc. lawsuit announcement) (Taser International Inc. settlement announcement)
The legal consortium created by Mr. Christian is one of only a few which, on the merits of each case, consider representing companies on a “contingency arrangement”, where the legal consortium provide legal services in return for a percentage of any monies received through litigation efforts. Typically the cases taken on by his team, amount to tens or hundreds of millions of dollars in damages.
Mr. Christian comments: “It is quite apparent to me that the stock of Barker Minerals has continuously and systematically been manipulated to the detriment of the Company. The perpetrators of this manipulation scheme need to be brought to justice”
Barker Pro Long Strategy
The continuous use of the Pro Long Strategy was first incorporated by Barker in November 2010. Barker has found the system effective and the monthly summary results very informative at providing transparency of trading and settlement activities in their public share market which is otherwise not easily available.
About Barker Minerals
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets.
Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Litigation may, or may not, occur in the future. There are no guarantee of any success through litigation should it go forward, which can only be determined by going through the legal processes required to reach a conclusion. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE VISIT OUR WEBSITE WWW.BARKERMINERALS.COM OR CONTACT:
Louis E. Doyle Robert H. Kuhl
Tel: (250) 563-8752 Tel: (604) 321-0709
Fax: (250) 563-8751 Fax: (604) 321-0719
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
Source: Barker Minerals Ltd. (TSX Venture:BML) www.barkerminerals.com/s/Background.asp
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