Temporary Order: In the Matter of David Watson et al.

Order
 

 

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED


- AND -


IN THE MATTER OF
DAVID WATSON, NATHAN ROGERS,
AMY GILES, JOHN SPARROW, LEASESMART, INC.,
ADVANCED GROWING SYSTEMS, INC. (a Florida corporation), PHARM CONTROL LTD.,
THE BIGHUB.COM, INC,, UNIVERSAL SEISMIC ASSOCIATES INC.,
POCKETOP CORPORATION, ASIA TELECOM LTD., INTERNATIONAL ENERGY LTD., CAMBRIDGE RESOURCES CORPORATION, NUTRIONE CORPORATION AND
SELECT AMERICAN TRANSFER CO.


TEMPORARY ORDER
(Sections 127(1), (5) and (8))

 


     WHEREAS, on May 18, 2007, the Ontario Securities Commission (the “Commission”) made an order, pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5., as amended (the “Act”), that:

 

 

  1. trading in the securities of the following companies shall cease and that any exemptions contained in Ontario securities law do not apply to them: The Bighub.Com, Inc. ("Bighub.Com"); Advanced Growing Systems, Inc. (a Florida corporation) ("Advanced Growing Systems"); LeaseSmart, Inc. ("LeaseSmart"); Cambridge Resources Corporation ("Cambridge Resources"); NutriOne Corporation ("NutriOne"); International Energy Ltd. ("International Energy"); Universal Seismic Associates Inc. ("Universal Seismic"); Pocketop Corporation ("Pocketop"); Asia Telecom Ltd. ("Asia Telecom"); and Pharm Control Ltd. ("Pharm Control"); and
  2. all trading in any securities by Jason Wong, David Watson, Nathan Rogers, Amy Giles, John Sparrow and Kervin Findlay shall cease;

     AND WHEREAS on May 22, 2007, by further order of the Commission made pursuant to subsections 127(1) and (5) of the Act, it was ordered that trading in any securities by Select American Transfer Co. ("Select American") shall cease and that any exemptions contained in Ontario securities law do not apply to them;

     AND WHEREAS on June 1, 2007, the Commission ordered that the hearing to extend the temporary orders dated May 18 and May 22, 2007 (the “Temporary Orders”) was adjourned until June 25, 2007 and that, pursuant to subsection 127 (8) of the Act, the Temporary Orders were extended until June 25, 2007 or until further order of the Commission, with the exception that the part of the Temporary Orders which ordered that any exemptions contained in Ontario securities law do not apply to the Respondents were not extended;

     AND WHEREAS on June 25, 2007, the Commission ordered inter alia that, pursuant to subsection 127 (8) of the Act, the Temporary Orders, as modified by the Commission’s Order dated June 1, 2007, were further extended in respect of all parties except Jason Wong and Kervin Findlay until September 28, 2007 or until further order of the Commission;

     AND UPON HEARING submissions from counsel for Staff of the Commission and
upon being advised by Staff that Bighub.Com and NutriOne consent to the making of this Order;

     AND UPON HEARING submissions from counsel for Pharm Control that it consents to the making of this Order with no one appearing for David Watson, Nathan Rogers, Amy Giles, John Sparrow, Advanced Growing Systems, LeaseSmart, Cambridge Resources, International Energy, Universal Seismic, Pocketop, and Asia Telecom;

     AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

     IT IS ORDERED THAT:

 

 

  1. the hearing to extend the Temporary Orders, as modified, is adjourned until November 29, 2007 at 2:30 p.m.; and
  2. pursuant to subsection 127 (8) of the Act, the Temporary Orders, as modified, are extended as against the parties named in the title of proceedings in this Order until November 29, 2007 or until further order of the Commission.


DATED at Toronto this 28th day of September, 2007.

 

 

 

 

James E. A. Turner
James E. A. Turner
  Suresh Thakrar
Suresh Thakrar