Post by
Mitch43 on Jul 26, 2023 3:29pm
About yesterday BCSC News release ...
While it focuses on 6 people who from 2017 to 2019 while working for a company Core Capital Partners Inc. carried out a pump-and-dump scheme that artificially inflated the price of three B.C. reporting issuers ( one being Reliq ) arranged to conceal their control of the issuers; coordinated and caused the issuers to distribute misleading news releases; arranged for the publication of misleading promotional campaigns; and sold their shares of the issuers during the promotional periods, for X++ net proceeds seems (not proven yet) to be guilty as charged by BCSC and will have to defend these charges in court in October....
However while not mentioned in the NR, Reliq management had to be aware at least about all these misleading news releases/promotions, including their actions on the SP going up for no real reason.
eventually details will be forthcoming during the trial.
Although I'm not even interested how that particular trial will conclude... Nonetheless that case seems to parallel from my viewpoint what we are witnessing in 2023 so far.
Some individual/s posting on this board is/are promoting at great lenght without credible reason and perhaps for the prospect of some financial gain the stock definitely from the CO perspective of overpromising while never attaining it, rather than the one from concerned shareholders. which eventually might become to the attention of the BCSC.
Reliq uses/pays an advertising Co for its promotional videos and another CO, lytham partners, for its IR with shareholders ....
The pattern seems to some degree similar to what , Core Capital Partners Inc. did between 2017 to 2019.
This is just my personal opinion, all resemblance with actual events would be just purely coincidental.
I'm a decent human being,
and I authorized this post.
No need to thank me!