RE:RE:RE:RE:RE:RE:Reading news releases from 2016 and 2017mdjbrown wrote: knowsnothing, shhhhhhhh your going to wake the kids with all that screaming...lol
you better do a little more reading, yourself
If ASC is successful in proving security breaches, the doors will swing wide open for Class Action, which is usually countered by the corporation with court protection filings,.
I still hold worthless shares in Posieden Concepts in my portfolio, just to remind me of how quick things can turn south.
"Poseidon filed for court protection through the Companies Creditors Arrangement Act in April 2013, and its assets were liquidated by court-appointed monitor PricewaterhouseCoopers Inc. for less than the $79 million it owed secured members of its lending syndicate."
First the ASCs announcement that the corporation breached securities rules and settled:
https://calgaryherald.com/business/local-business/poseidon-concepts-executives-reach-settlement-with-asc-admit-to-breaching-securities-laws
followed by Class Action:
https://www.siskinds.com/poseidon-concepts-corp-2/
.
I find it odd that since you still hold Poseidon paper, your recollection of the sequence of events of the demise of Poseidon and the resulting criminal and civil proceedings are off by a country mile!
First of all, Siskinds began the Class Action lawsuit long before the ASC ever announced any charges against the Poseidon management team.
Second, the ASC case against the Poseidon management team has not fully wrapped up yet!
Finally, the Class Action has been stayed until the ASC case against the last remaining defendant is actually wrapped up!
I think that everyone needs to keep in mind that Poseidon Concepts was a fraud from Day One, whereas this company seems to have issued a few misleading NR's concerning a shipment of a sample, as far as we know! Now I am not defending Saint Jean, nor am I condoning it, but so far I have not seen enough evidence for a Class Action lawsuit to be launched!
What is also telling from the ASC's standpoint is that if they already had evidence of fraud by Saint Jean, then a CTO would have been issued by now, in my opinion!
Kherson