Proceedings

printer friendly
PDF Version

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

- AND -

IN THE MATTER OF
MRS SCIENCES INC. (FORMERLY MORNINGSIDE CAPITAL CORP.), AMERICO
DEROSA, RONALD SHERMAN, EDWARD EMMONS AND IVAN CAVRIC


ORDER

SUBSECTION 127(1)


      WHEREAS a Notice of Hearing was issued on November 30, 2007 against MRS Sciences Inc., Americo DeRosa, Ronald Sherman, Edward Emmons and Ivan Cavric;

      WHEREAS in December 2007, Staff served MRS Sciences Inc., Americo DeRosa, Edward Emmons and Ivan Cavric in December 2007 as evidenced by the affidavits of service filed as Exhibits;

      AND WHEREAS on December 21, 2007, counsel for Ivan Cavric advised that he also appeared as agent for MRS Sciences Inc., Americo DeRosa, and Edward Emmons;

      AND WHEREAS on December 21, 2007, Staff and counsel for Ivan Cavric and agent for MRS Sciences Inc., Americo DeRosa and Edward Emmons consented to and the Commission ordered an adjournment of this matter to January 31, 2008 at 10:00 a.m.;

      AND WHEREAS in January 2008, five volumes of Staff’s disclosure were couriered to counsel for Ivan Cavric and to counsel for Edward Emmons and Americo DeRosa;

      AND WHEREAS on January 16, 2008, counsel for Ivan Cavric confirmed that he was also acting on behalf of Edward Emmons and Americo DeRosa;

      AND WHEREAS on January 30, 2008, Staff and counsel for Ivan Cavric, Edward Emmons and Americo DeRosa consented to and the Commission ordered the matter adjourned to February 26, 2008 to permit Staff to effect service on Ronald Sherman;

      AND WHEREAS on February 20, 2008, Staff served the Notice of Hearing and Statement of Allegations dated November 29, 2007 and the Commission orders dated December 28, 2007 and January 30, 2008 on Ronald Sherman as evident from the affidavit of Larry Masci sworn February 26, 2008 filed as an exhibit;

      AND WHEREAS on February 26, 2008, the agent for Ronald Sherman agreed to accept delivery of Staff’s disclosure on behalf of Ronald Sherman;

      AND WHEREAS on February 26, 2008, counsel for Ivan Cavric, Edward Emmons and Americo DeRosa requested a short adjournment to consider whether his clients will bring any pre-hearing motions;

      AND WHEREAS Staff of the Commission and counsel for Ivan Cavric, Americo DeRosa and Edward Emmons consent to an adjournment to March 25, 2008 at 9:30 a.m.;

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

      IT IS ORDERED that the matter is adjourned to March 25, 2008 at 9:30 a.m.

Dated at Toronto this 26th day of February, 2008.


“Wendell S. Wigle”
Wendell S. Wigle, Q.C.
  “ David L. Knight ”
David L. Knight, FCA