OTCQB:EMHTF - Post by User
Comment by
cannhealthon Feb 13, 2019 1:53pm
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Post# 29359423
RE:Related Party Transaction - Emerald Health Therapeutics $EMH
RE:Related Party Transaction - Emerald Health Therapeutics $EMH
Well isn't this post interesting. FelixFun's unabashed and seemingly, wholehearted support for EMH surfaced immediately following the NR regarding EMH's contract with an Atlanta USA based IR firm for an $8000 USD fee / month. While I don't know for sure, though suspect, said contract may have been terminated by EMH for whatever cause (if so likely performance based). Now we have FelixFun bashing because of a SA Report of "related party transactions" which were not only disclosed to the market, but legal and approved by the exchange. Do I smell sour grapes? Related party transactions are often used by public companies to the benefit of shareholders e.g. to maintain insider control of the company, thus preventing hostile take-overs. Of course, any tool can be abused and to be sure.. they have been and are. To date, none of the aspersions/suspicions cast toward the Dhillons have been substantiated. I as much (if not more than most) are watching closely the behaviour of insiders. As a substantial retail shareholder, I view the Dhillons, the Board, the company and every public entity I invest in with healthy skepticism. So far, they're in compliance. I've read every negative report and the facts are a matter of public record, but the conclusions and/or speculations of wrong doing are, IMO, attempts by the short cadre at profiteering.