Proceedings

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

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IN THE MATTER OF
MAJESTIC SUPPLY CO. INC.,
SUNCASTLE DEVELOPMENTS CORPORATION,
HERBERT ADAMS, STEVE BISHOP,
MARY KRICFALUSI, KEVIN LOMAN AND
CBK ENTERPRISES INC.

ORDER



    WHEREAS on October 20, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 37, 127 and 127.1 of the Securities Act, R.S.O. c. S.5, as amended in connection with a Statement of Allegations dated October 20, 2010 filed by Staff of the Commission (“Staff”) with respect to Majestic Supply Co. Inc., Suncastle Developments Corporation, Herbert Adams (“Adams”), Steve Bishop (“Bishop”), Mary Kricfalusi (“Kricfalusi”), Kevin Loman (“Loman”) and CBK Enterprises Inc. (collectively, the “Respondents”);

    AND WHEREAS the hearing on the merits began on November 7, 2011 (the “Merits Hearing”) and Staff and the Respondents completed the evidence phase of the Merits Hearing on November 29, 2011 and scheduled closing oral submissions for January 24, 2012;

    AND WHEREAS on January 24, 2012, Staff, Adams, Bishop, Kricfalusi and counsel for Loman appeared before the Commission on a motion to reopen the matter to adduce fresh evidence prior to making closing submissions on the merits (the “Motion Hearing”);

    AND WHEREAS on January 24, 2012, the Commission ordered that the Motion Hearing continue on February 22, 2012 and February 23, 2012 at 10:00 a.m.;

    AND WHEREAS on February 22, 2012, Staff, Adams, Bishop and counsel for Loman appeared before the Commission and made submissions on the motion;

    AND WHEREAS, at the conclusion of the Motion Hearing on February 22, 2012, the Commission reserved its decision on the motion, vacated the February 23, 2012 hearing date, and adjourned the Merits Hearing pending the issuance of a decision on the motion;

    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 Motion Hearing date of February 23, 2012 is vacated; and
  2. The Merits Hearing is adjourned pending a decision on the motion to be issued in due course.

    DATED at Toronto, this 22nd day of February, 2012.

 

" Edward P. Kerwin "
Edward P. Kerwin 
  " Paulette L. Kennedy "
Paulette L. Kennedy