RE:RE:RE:RE:RE:Holy Christ I base my opinions on Reliq upon the information from various credible sources available on line. From the BCSEC, Yahoo finance/ selected comments on discussion boards ( whether positive/negative), the Reliq website, and all the available youtube videos of lisa pre-arranged interviews and Reliq paid news releases.
Nothing is 100% accurate and a bit subjective at time, which in turn may affect my insights to a degree.
but from what I gathered when doing my DD on Reliq is that Dr L Crossley was brought to become the CO CEO by the Thindals brothers ( who had bought the small CO she operated in 2016)
so she could give some credence to the CO being touted as a health CO, while they kept busy pumping/hyping the stock value by several means in the marketplace and Twitter. they succeeded to lift the SP to over $2 cad.
They controlled the CEO to the point she signed-off on the fake financials presented to her by, A. Thindal , the CO CFO at the time... so while personally she did not fully participate in the Pump and later dump scheme she had to be aware of what was going on just by looking at the fake figures on the spreadsheet, when the SP was going up for no valid reasons since the CO had only a few patients and signed up a couple of identifiables clients then.
I'm clueless about what brought the CO to the attention of the market regulators or the BCSEC, but as the CO was ordered to re-state some of its financials, and penalised about it
for whatever reason. the SP crashed to cents overnight. Lisa in a NR to shareholders stated that it was all due to false allegations and she was going to vigorously challenge them in court....
However in a later NR she mentioned it would take too much of her time growing the CO, settled through mediation for $ 2.5 million cad no contest out of court.
and then went right back to hype the stock with a repeated series of promises/lies/ misinformations with never attainable goals for the next 4 yrs I followed.
On my visit to the Reliq website which I posted I think around April/June 2023, I didn't buy their promotional video about the Iugo platform. I founf it not workable as presented... not enough staff nor costwise access to the various specialist they presented on a page and I also found their disclaimer page assinine... both pages were later deleted.
So in a nutshell while I can and don't mind be proven wrong, this is why I'm still not satisfied Reliq is a real telemedicine health CO.
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No I did not mean to say there is such a thing as a regulators investment (ok my bad, wrong word), what I tried to convey is that regulators hope to recoup the time/energy and costs of a prosecution for the simple reason their resources are not illimited.