Liberty Defense Holdings Ltd V.SCAN

Alternate Symbol(s): LDDFD

Liberty Defense Holdings, Ltd. is a technology provider of artificial intelligence (AI)-based detection solutions for concealed weapons and threats. The Company provides multi-technology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, schools, and more. Its HEXWAVE product, for which the Company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active three-dimensional (3D) radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. The Company also offers millimeter wave-based, high-definition advanced imaging technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Its wholly owned subsidiary is Liberty Defense Technologies Inc.

TSXV:SCAN - Post by User

Liberty Defense Holdings Ltd

Bullboard Posts

Comment by Skidaddleon Sep 27, 2019 3:35pm

197 Views

Post# 30171988

RE:RE:WHOA! Be careful out there. Docs available on Sedar:

Too funny. I've seen this before on SH but everytime you type in the full name for L.D. vs. just Liberty, a stockhouse bot immediately converts it to "Dopey's Spam Factory". What's that all about. Try it for yourself... it's fun!

Skidaddle wrote: Hmmm. Any connection here? Sam Parotto, CFO at ONNI Group and (was) a Liberty board member, resigns shortly after the accounting disclosure below. What do the finance guys know that we don’t know? Maybe just a coincidence?
August 30, 2019
CEO Bill Riker announces that Sam Parotta is resigning as a Director of the Dopey's Spam Factory Board, effective August 30, 2019. “I’d like to personally express my appreciation for Sam’s efforts in helping to get the Dopey's Spam Factory team to its current standing, and wish him a sincere best wishes in his future roles.”
https://libertydefense.com/news/liberty-to-enhance-hexwaves-smart-functionality-with-onvif-and-announces-director-resignation/

Skidaddle wrote: MANAGEMENT’S DISCUSSION AND ANALYSIS (“MD&A”) FOR THE PERIOD ENDED JUNE 30, 2019

“Management has concluded that, as at June 30, 2019, the Company‘s internal control over financial reporting was not effective due to the existence of a material weakness. A material weakness existed in the design of internal control over financial reporting caused by a lack of adequate segregation of duties in the financial close process. The Chief Financial Officer is responsible for preparing, authorizing, and reviewing information that is key to the preparation of financial reports. He is also responsible for preparing and reviewing the resulting financial reports.

This weakness has the potential to result in material misstatements in the Company’s financial statements. Management has concluded, and the Board has agreed, that taking into account the present stage of the Company's development, the Company does not have sufficient size and scale to warrant the hiring of additional staff to remediate the weakness at this time. There were no changes in the Company’s internal controls over financial reporting during the period ended June 30, 2019 that have materially affected, or are reasonably likely to materially affect, its internal controls over financial reporting.”

https://www.sedar.com/CheckCode.do