All posts by Dan Senick

INVESTOR ALERT – AGGRESSIVE STOCK PROMOTION EXPLOITS FEARS OF CORONAVIRUS RECESSION

The Financial and Consumer Affairs Authority (FCAA) is warning the public to exercise extreme caution about aggressive promotion of Crestview Exploration Inc., a B.C. gold mining company.

A mailing sent this week from a “stock analyst and geologist” to
residents of B.C., Alberta, Manitoba and Saskatchewan makes exaggerated claims about Crestview, predicting that its stock price “will soar as the recession hits.” The letter comes in an envelope, without a return address, that says in bold red letters, “CORONAVIRUS AFFECTING MARKETS: READ NOW.”
“The short-term upside potential for investors buying shares of Crestview Exploration today is around 500% while long-term shareholders (12+ months) could see gains exceeding 2,400%,” the letter says.

Crestview, listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange, issued a statement April 8 stating that it was not responsible for the promotion, and said the letter contained “unfounded forward-looking statements.” The company urged investors and potential investors to verify any statements, and the source of such statements, contained in buy recommendations.

The FCAA reminds investors to exercise caution when considering aggressive promotions as a basis for investment decisions, as these promotions may make false claims of large profits and baseless stock price projections. Most aggressive stock promotions in recent years have been done through unsolicited email or social media, but promotions delivered through the mail carry the same risks.

The FCAA encourages anyone who is considering buying or selling an investment to do research or talk to their registered investment advisor to ensure it is an appropriate decision.

For information on how to become a better informed investor visit
https://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/investors
https://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/investors.

COVID-19 UPDATE: NINE NEW CASES, 17 MORE RECOVERIES, SEVEN IN HOSPITAL

As of April 12, 2020, Saskatchewan has seven new confirmed cases and two new presumptive cases of COVID-19, bringing the total to 298 reported cases.

The presumptive positives are due to more testing machines being added in Saskatchewan.

A new machine to test for COVID-19 is online at the Roy Romanow Provincial Laboratory (RRPL). The first 10 positive specimens identified by the new machine must be considered presumptive positives and require confirmation using RRPL’s existing machine.

In addition, Meadow Lake has started testing and these cases are considered presumptive positives until confirmed by the RRPL.

Of the total number of reported cases, 130 cases are considered active.

Seventeen more people have recovered, bringing the provincial total to 164.

There are seven people in hospital in the province, who are all receiving inpatient care. No one is in intensive care.

Of the 298 cases in the province:
• 129 cases are travel related;
• 112 are contacts or linked to mass gatherings;
• 25 have no known exposures; and
• 32 are under investigation by local public health.

Overall in Saskatchewan:
• 32 of the cases are health care workers; however, the source of the infections may not be related to health care in all instances.
• 147 of the cases are from the Saskatoon area, 63 from the Regina area, 56 from the north, 15 from the south, 10 from the central region and seven from the far north.
• 20 cases involve people 19 years of age and under, while the remainder are adults.
• 129 cases are in the 20-44 age range; 99 are in the 45-64 age range; and 50 are in the 65-plus range.
• 53 per cent of the cases are males and 47 per cent are females.
• Four deaths related to COVID-19 have been reported to date.

To date, 19,276 COVID-19 tests have been performed in the province. Saskatchewan continues to have the second highest rate of testing per capita among provinces that have reported.

Case surveillance and testing information, including regional locations of cases, is available at www.saskatchewan.ca/COVID19.

Public inquiries may be directed to COVID19@health.gov.sk.ca.

COVID-19 UPDATE: SASKATCHEWAN RECORDS FOURTH DEATH

A Saskatchewan resident in their 60s has died from complications related to COVID-19. The death took place in Regina.

The province now has four deaths related to the virus.

As of April 11, 2020, Saskatchewan has four new cases plus confirmation of the presumptive positive reported April 10. This brings the total to 289 cases in Saskatchewan.

Of the total number of cases, 138 cases are considered active.

Eleven more people have recovered, bringing the provincial total to 147.

There are eight people in hospital in the province. Seven people are receiving inpatient care and one person is in intensive care.

Of the 289 cases in the province:
• 126 cases are travel related;
• 106 are contacts or linked to mass gatherings;
• 22 have no known exposures; and
• 35 are under investigation by local public health.

Overall in Saskatchewan:
• 30 of the cases are healthcare workers; however, the source of the infections may not be related to health care in all instances.
• 145 of the cases are from the Saskatoon area, 60 from the Regina area, 52 from the north, 15 from the south, 10 from the central region and seven from the far north.
• 18 cases involve people 19 years of age and under, while the remainder are adults.
• 126 cases are in the 20-44 age range; 96 are in the 45-64 age range; and 49 are in the 65-plus range.
• 54 per cent of the cases are males and 46 per cent are females.
• Four deaths related to COVID-19 have been reported to date.

To date, 18,448 COVID-19 tests have been performed in the province. Saskatchewan continues to have the second highest rate of testing per capita among the provinces.

Case surveillance and testing information, including regional locations of cases, is available at www.saskatchewan.ca/COVID19.

Public inquiries may be directed to COVID19@health.gov.sk.ca.

COVID-19 UPDATE: SEVEN NEW CASES, 21 MORE RECOVERIES, EIGHT IN HOSPITAL

As of April 10, 2020, Saskatchewan has six new confirmed cases and one new presumptive case of COVID-19 in Saskatchewan, bringing the total to 285 reported cases.

The one new presumptive case was indeterminate (neither positive nor negative) and is being sent to the National Microbiology Laboratory for further testing.

Of the total number of reported cases, 146 cases are considered active.

Twenty-one more people have recovered, bringing the provincial total to 136.

There are eight people in hospital in the province. Six people are receiving inpatient care and two people are in intensive care.

Of the 285 cases in the province:
• 123 cases are travel related;
• 103 are contacts or linked to mass gatherings;
• 22 have no known exposures; and
• 36 are under investigation by local public health.

Overall in Saskatchewan:
• 30 of the cases are health care workers; however, the source of the infections may not be related to health care in all instances.
• 142 of the cases are from the Saskatoon area, 60 from the Regina area, 52 from the north, 15 from the south, 10 from the central region and six from the far north.
• 17 cases involve people 19 years of age and under, while the remainder are adults.
• 124 cases are in the 20-44 age range; 96 are in the 45-64 age range; and 48 are in the 65-plus range.
• 54 per cent of the cases are males and 46 per cent are females.
• Three deaths related to COVID-19 have been reported to date.

To date, 17,634 COVID-19 tests have been performed in the province. Saskatchewan continues to have the second highest rate of testing per capita among the provinces.

Case surveillance and testing information, including regional locations of cases, is available at www.saskatchewan.ca/COVID19.

Public inquiries may be directed to COVID19@health.gov.sk.ca.

COVID-19 UPDATE: SEVEN NEW CASES, 12 MORE RECOVERIES, EIGHT IN HOSPITAL

As of April 9, 2020, Saskatchewan has seven new, confirmed cases of COVID-19, bringing the provincial total to 278.

One hundred and sixty of the cases are considered active – five fewer than the day before.

Twelve more people have recovered, bringing the provincial total to 115.

Currently, there are eight people in hospitals across the province with COVID-19. Six people are receiving inpatient care, while two are in intensive care.

Of the 278 cases in the province:
• 122 cases are travellers;
• 96 are community contacts (mass gatherings included);
• 20 have no known exposures; and
• 40 are under investigation by local public health.

Overall in Saskatchewan:
• 27 of the cases are health care workers; however, the source of the infections may not be related to health care in all instances.
• 138 of the cases are from the Saskatoon area, 58 from the Regina area, 52 from the north, 15 from the south, 10 from the central region and five from the far north.
• 15 cases involve people 19 years of age and under, while the remainder are adults.
• 120 cases are in the 20-44 age range; 95 are in the 45-64 age range; and 48 are in the 65-plus range.
• 54 per cent of the cases are males and 46 per cent are females.
• Three deaths related to COVID-19 have been reported to date.

To date, 16,672 COVID-19 tests have been performed in the province.

This includes 1,051 tests conducted in the past day, representing the single highest number of tests conducted in a day so far. Saskatchewan continues to have the second highest rate of testing per capita among the provinces. Case surveillance and testing information, including regional locations of confirmed cases, is available at www.saskatchewan.ca/COVID19.

Public inquiries may be directed to COVID19@health.gov.sk.ca.

COVID-19 UPDATE: 11 NEW CASES, 15 MORE RECOVERIES, EIGHT IN HOSPITAL

As of April 8, 2020, Saskatchewan has 11 new, confirmed cases of COVID-19, bringing the provincial total to 271.

One hundred and sixty-five of the cases are considered active. Fifteen more people have recovered, bringing the provincial total to 103.

Currently, there are eight people in hospitals across the province from COVID-19. Six people are receiving inpatient care, while two are in intensive care.

Of the 271 cases in the province:
• 119 cases are travellers;
• 90 are community contacts (mass gatherings included);
• 16 have no known exposures; and
• 46 are under investigation by local public health.

Overall in Saskatchewan:
• 26 of the cases are health care workers; however, the source of the infections may not be related to health care in all instances.
• 135 of the cases are from the Saskatoon area, 56 from the Regina area, 51 from the north, 15 from the south, 10 from the central region and four from the far north.
• 15 cases involve people 19 years of age and under, while the remainder are adults.
• 114 cases are in the 20-44 age range; 94 are in the 45-64 age range; and 48 are in the 65-plus range.
• 54 per cent of the cases are males and 46 per cent are females.
• Three deaths related to COVID-19 have been reported to date.

To date, 15,621 COVID-19 tests have been performed in the province. Saskatchewan continues to have the second highest rate of testing per capita among the provinces. Case surveillance and testing information, including regional locations of confirmed cases, is available at www.saskatchewan.ca/COVID19.

Public inquiries may be directed to COVID19@health.gov.sk.ca.

Health System Planning Information Online

Today, the Saskatchewan Health Authority provided updated information on the health system’s preparations and planning for COVID-19. You can find that information online at www.saskatchewan.ca/COVID19.