Conflict of interest re $1m invested in 3 Sixty Secure? Did Xpresschek get any work from 3 Sixty Secure Corp? Avante invested $1m of the $17.5 raised by 3 Sixty. Did Avante know that Xpresschek could potentially benefit too? No evidence it did or did not benefit. But seems there was that possibility. Did Avante know this or get informed, prior to investing $1m?
Avante March 31 2020 Financials Note 18(c):
The Company, while making this investment in 3 Sixty, also signed a memorandum of understanding with 3 Sixty...in which 3 Sixty will refer business to the Company on a preferred basis for a number of services .....and due diligence services related to employees and contractors such as employee background screening..."
From Xpresschek website:
"XpressChek Inc has been the leading Canadian owned and operated background check services company since 2003. We believe in providing accurate, quick background information that helps save time, money and security in hiring new staff."