Speck, Nadine Antoniazzi, and Canada's Missing and Murdered Indigenous Women

Updated on August 24, 2017
Stephen Sinclair profile image

Stephen Sinclair is a freelance Canadian writer who has been publishing professionally for several years.

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Two national disgraces

After being swept under the carpet by northern Ontario media, not to mention authorities, for several years, the suspicious circumstances surrounding the October 2008 death of Nadine Antoniazzi are once again being openly discussed. Ms. Antoniazzi was the sister-in-law of Mayor Tony Antoniazzi of Kirkland Lake, Ontario, a small, fairly remote mining community in the province's north. It has been proposed that financial motive with regard to concealing knowledge of future stock losses could conceivably have played a role in her death.

Nadine's husband is Paul Antoniazzi, a current or previous chief executive officer or board member with Opawica Explorations Inc. (TSXV: OPW), RT Minerals Corporation (TSXV: RTM), and Affinity Gold Corporation (USOTC: AFYG). The stock of each has lost more than 95 percent of its value and has been distributed in a manner seemingly comparable with techniques utilized by convicted U.S. swindler Jordan Belfort, who was featured in the 2013 film, The Wolf of Wall Street. Other circumstantial evidence with regard to Ms. Antoniazzi's untimely passing includes a witness account of Paul making romantic advances with another woman, about a week after his wife was found hanging.

A report featuring close to 100 seemingly comparable firms was included in a January 2017 report to Canadian Minister of Public Safety Ralph Goodale. Many of these companies operate near First Nations lands. One, highly speculative, though fact-based, example of a geographical connection is the death of 14-year-old Azraya Ackabee Kokopenace, who was last seen walking away from a hospital in Kenora, in April 2016, as reported by the CBC, and Opawica Explorations, which conducts operations 120 km south of Kenora, which, by northern Ontario standards, is virtually right next door.

A formal national inquiry into missing and murdered indigenous women was assembled by Prime Minister Justin Trudeau with the goal of getting to the bottom of why Canada's First Nations women make up 16 percent of homicides in the nation, but only account for 4 percent of the overall population, as reported by The Record. Families of the missing women have called for a "hard reset" of the inquiry, after its commissioner, Marilyn Poitras, quit last month, as reported by the Toronto Star.

There are at least several other profitless companies with questionable shares that operate in the Kenora area. High-level, speculative geographic associations of this nature might be seen as reasonable starting points for further research by police, the inquiry, and families. Other seemingly noteworthy companies with shares with operations in the Kenora area include: Canstar, Avalon, Rockex, Canterra, Brandenburg, Treasury, Quest, Pacific Iron, Strikepoint, Vanity, Intact, Skyharbor, Manitou, and Frontline. These are but a few examples, there are other comparable companies found across Canada, located in close proximity to locations where indigenous women have gone missing, been found murdered, or died under suspicious circumstances.

Opawica Explorations stock

Opawica Explorations stock is down more than 98 percent, since 2010.
Opawica Explorations stock is down more than 98 percent, since 2010. | Source

Option time-value decay

Time-value decay of at- and out-of-the-money options.
Time-value decay of at- and out-of-the-money options. | Source

How can stocks create motive for murder, and other nefarious acts?

Companies like Opawica Explorations sell stock by way of the private placement, as reported by Yahoo Finance. It has been explained how someone, with a few hundred thousand dollars in capital, could buy an amount of Opawica stock via private placement with the intention of attempting to create the impression of false demand on the open market, along with the dissemination of misleading news releases and analysis, to specifically target an elderly person or other potentially marginalized victim to take for a significant amount of capital.

It has also been outlined how those in personal contact with those distributing stock, including the directors of issuing companies, which goes on to lose the majority of its value, in this manner are put at risk if they come to learn the deception behind, what would seem to be, a confidence game. As of August 21, 2017, Yahoo Finance reports that Opawica shares are down 98.67 percent, since 2010. The company has never booked any revenues or profits.

As Paul Antoniazzi appeared to have possibly been holding motive to hide critical information regarding the future of Opawica stock, it would seem reasonable to suspect that this motive may have played a role in his wife's death.

In that Kirkland Lake is a small, insulated, fairly remote town, it holds many similarities with First Nations communities. Of the potentially close to 4,000 cases of missing and murdered indigenous women in Canada, as reported by the CBC, how many may have had personal relationships with those who held nefarious secrets about future stock losses? It would seem reasonable to suspect that at least 10 of the 4,000 might have, which would seem to make this an issue worthy of the attention of Canadian police, politicians, and the leaders of the federal inquiry.

How speck can save lives

In the aforementioned report to Minister Goodale, this writer has focused on a seeming gap in the disclosure afforded to average, everyday Canadian retail investors between shares of the likes sold by Opawica and out-of-the money call options. Making light of this disparity, in the name of "full, true and plain disclosure," the golden rule of the securities industry, as reported by the Ontario Securities Commission, this writer has demonstrated the urgent need for a new class of stock, which he has proposed be called speck, and how this will save lives.

It has been proposed that formal definitions for stock, equity, and corporation, and speck, speculity, and speculation be legislated into existence, and that speck investors be shown charts comparable with time-value decay charts, which options investors are required to understand before trading. Journalists, issuers, and paid investment analysts would be required to refer to the equity of revenue-less companies as speck or speculity.

Though perhaps not readily apparent, this rename would remove much of the motive to commit nefarious acts seemingly held by issuers and distributors, and, had it been implemented years ago, could possibly have saved the lives of Nadine Antoniazzi and at least some First Nations women.

Further, the creation of a more transparent investment marketplace, with a reduced propensity to manufacture apparent motive to commit nefarious acts, would result in increased investor confidence, seemingly providing the potential for increased business activity, as well as the participation of companies previously unable to take part in equity offerings.

Speck, Stock, Option: Similarities and Differences

 
Speck
Stock
Option
Derivative
No
No
Yes
Revenue
Yes
No
N/A
Voting Rights
Yes
No
N/A
Perpetual
Yes
Yes
No
Participants
all investors
qualified investors only
qualified investors only
Worst Likely Outcome
retains some value
loses almost all value
goes to zero
Best Likely Outcome
single-, double-, and triple-digit percentage gains; pays dividends
rare triple- and quadruple-digit percentage gains
rare triple- and quadruple-digit percentage gains

© 2017 Stephen Sinclair

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