IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
JOHN R. HART, MAXIM C.W. WEBB, PETER WOOD, JAMES JIANG, SHEILA C.FERGUSON, JAMES F. MOSIER, PICO HOLDINGS, INC.,
IMPRIMUS INVESTORS, LLC AND JOHN T. PERRI
STATEMENT OF ALLEGATIONS OF STAFF
OF THE ONTARIO SECURITIES COMMISSION
Staff of the Ontario Securities Commission ("Staff") make the following allegations:
1. Conex International ("Conex") is incorporated under the laws of Canada. Conex isa reporting issuer in Ontario.
2. Each of John R. Hart, Maxim C.W. Webb, Peter Wood, James Jiang, Sheila C.Ferguson, James F. Mosier, Pico Holdings, Inc., Imprimus Investors, LLC and JohnT. Perri (individually, a "Respondent" and collectively, the "Respondents") is, or wasduring the financial year of Conex ended December 31, 1999 a director, officer,significant shareholder (beneficial ownership of 10% or more of the voting rights ofConex) or individual that has, or may have, access to material undisclosedinformation.
3. Conex failed to file annual financial statements for its financial year endedDecember 31, 1999 (the "Financial Statements") on or before May 19, 2000,contrary to subsection 78(1) of the Securities Act (Ontario).
4. By virtue of his/her/its relationship, each Respondent has, or may have, access toinformation regarding the affairs of Conex that has not been generally disclosed.
5. It would be prejudicial to the public interest to allow the Respondents to trade in thesecurities of Conex until such time as all disclosure required by Ontario securitieslaw has been made by Conex.
6. It is therefore in the public interest for the Commission to order that all trading,whether direct or indirect, in the securities of Conex by the Respondents cease untilsuch time as Conex has made all filings it is required to make under Ontariosecurities law.