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Bullboard - Stock Discussion Forum 3 Sixty Risk Solutions Ltd SAYFF

3 Sixty Risk Solutions Ltd provides risk mitigation services to the public and private sectors. It offers services primarily in the risk management spectrum, from providing secure transport services nationally, to embedding security specialists within Canada. The company also is focused on physical security and transportation within the cannabis industry. It also provides corporate knowledge... see more

GREY:SAYFF - Post Discussion

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Post by MattLaff on Jun 11, 2020 7:50am

Form 7

Why didn't they release form 7 for april and may?Is there a connection with the delays of financial?

I know they hired a new CFO...are you confident with Q4 2019 and Q1 2020? I know there ´re bigger forces against us but do you see a 40 to 60 millions market cap in a near futur? Market seems chilly, less bid and now CIBC is coming back with 49k at 0,075...hope he doesn't dump.
Comment by Georgia2000 on Jun 11, 2020 12:39pm
I'm not expecting anything good until Q2 2020.
Comment by Afriens on Jun 17, 2020 6:57am
So... 1.  They can't find anyone to sign their financials, 2.  They have begun to use "source deductions" from their employees/CRA to make their payroll and pay their bills.  3.   They are subbing as much work as possible (always nice when your competition lends you their cash flow).   Especially when you can delay payables.   4.   Their ...more  
Comment by DiamondBoy1 on Jun 17, 2020 8:37am
The death throes of a company can lead people to very crazy behaviour and criminality. Anything is possible right now. Who put that 17 million in? How could they screw up all that money so quickly? I bet the 17 million was ill gotten gains from overseas and the investment in 360 was an attempt to launder. The $17 million was 80% of the start up capital for which they got 20% of the stocks: nobody ...more  
Comment by DiamondBoy1 on Jun 17, 2020 8:55am
The embezzlement of source deductions, (which are payroll taxes collected by the company and then not submitted to the government) is a last ditch gambit to save a company with cash flow problems.  John O'Grady's company Executive Aerogarde was taken down in the 1990's by his controller who pocketed the payroll deduction money. If Thomas G. is skimming off the payroll taxes he ...more  
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