RE:biggest fraud in CanadaSanitycheck wrote: I am simply amazed at how ignorant the investing public continues to be. it is outrageous that a pump and dump like Facedrive has managed to get to $1.3B in market cap, with essentially zero revenue, no coherent strategy or protectable position, and a litany of inexperienced and self dealing principals attached to this company.
In my 30 years of active investing, i have never, ever seen a bigger scam than this one (with the possible exception of Bre-X). All of you long investors are in for such a severe shock when the locked up stock floods the market next year, that you wont know what hit you.
Have any of you actually read the company's SEDAR filings, including its ridiculous Q2 repoort that arrived quietly and 4 months late which actually showed a decrease in its already pitiful revenue numbers and a massive loss due to the $8M the company paid to its offshore Promoter, Medtronic? Or have you actually read the Hindenburg Research report from July which put a $0.70 target on this piece of garbage? If you havent, you should....this company is an absolute fraud and it is going to zero....in 2021.
You have been warned.
Well said