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 FRANKLIN DANNY WHITE,
NAVEED AHMAD QURESHI,
WNBC THE WORLD NETWORK BUSINESS CLUB LTD.,
MMCL MIND MANAGEMENT CONSULTING,
CAPITAL RESERVE FINANCIAL GROUP, and
CAPITAL INVESTMENTS OF AMERICA


ORDER



      WHEREAS on February 7, 2008, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and Statement of Allegations pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);

      AND WHEREAS the first appearance for this matter is scheduled for Thursday, February 28, 2008 at 11:00 a.m.;

      AND WHEREAS Staff of the Commission (“Staff”) appeared at the hearing held on Thursday February 28, 2008;

      AND WHEREAS counsel for Naveed Ahmad Qureshi (“Qureshi”), Capital Reserve Financial Group (“Capital Reserve”) and Capital Investments of America (“Capital Investments”), informed Staff by letter dated February 26, 2008, that counsel and these respondents would not be attending the hearing on February 28, 2008, and that they consent to adjourning this matter to a pre-hearing conference;

      AND WHEREAS by letter dated February 26, 2008, Franklin Danny White (“White”) wrote on behalf of himself and WNBC The World Network Business Club Ltd. (“WNBC”) to inform Staff that White and WNBC would not be attending the hearing on February 28, 2008, and that they consent to adjourning this matter to a pre-hearing conference;

      AND WHEREAS by hand-written addendum dated February 28, 2008, White wrote on behalf of MMCL Mind Management Consulting (“MMCL”) to inform Staff that MMCL also consents to adjourning this matter to a pre-hearing conference;

      AND WHEREAS having heard submissions from Staff as to the proposed adjournment agreed to by Staff and the respondents, the Commission expressed reservations about scheduling a pre-hearing conference without also setting a date for the hearing on the merits;

      AND WHEREAS the Commission advised Staff that it would be willing to grant a brief adjournment of this matter to allow Staff to canvass potential hearing dates with the respondents;

      AND WHEREAS the Commission considers it to be in the public interest to make this order;

      AND WHEREAS by Commission order dated April 4, 2007, pursuant to subsection 3.5(3) of the Act, each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, Robert L. Shirriff, Harold P. Hands, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of the Act;

      IT IS HEREBY ORDERED that this matter be adjourned to March 18, 2008 at 3:00 p.m. for the purpose of scheduling hearing dates for the hearing on the merits and a pre-hearing conference.


      DATED at Toronto on this 28th day of February, 2008.



“Lawrence E. Ritchie”
Lawrence E. Ritchie