GREY:BLEVF - Post by User
Post by
jaskenon Dec 01, 2018 8:34am
140 Views
Post# 29049042
SUBSTANTIAL DOUBT ON ABILITY TO CONTINUE
SUBSTANTIAL DOUBT ON ABILITY TO CONTINUEThis is from the company's financials and is of grave concern to any investor:
"The Compnay will require additional financing in order to conduct its planned business operations, meet its ongoing levels of overhead and discharge its liabilities and committments as they come due, all of which casts substantial doubt upon the Company's ability to continue as a going concern."
And yet the management team felt they were entitled to almost $6 million in bonuses:
"During the six months ended September 30, 2018, the Company issued 27,650,000 common shares to certain directors of the Company as bonus compensation valued at $5,914,000".
Add the BC Securities investigation into the mix and the only reasonable conclusion is that Beleave is a fraud. It operates as a scam to line the pockets of management only. Andrew Wenk and the entire Management Team need to be fired and pay back the money they took!