Just read this on Reddit about RECO/ambulance chasers It is well known that Anson Funds work with most of these garbage law firms behind the class action lawsuits.
When I looked into it more I found something very interesting from the Catalyst Capital lawsuit against Anson Funds. Read this piece from the Financial Post: https://financialpost.com/news/fp-street/catalyst-capital-files-450-million-lawsuit-accusing-anson-funds-west-face-of-short-selling-conspiracy
From the article:
“Among the claims in the lawsuit is an allegation that some guarantors who owed money to Callidus “filed false ‘whistleblower’ complaints against Callidus through the Ontario Securities Commission.”
Then, once the whistleblower complaints were filed, it alleges “the Conspirators worked together to leak allegations contained in the complaints to the media in order to generate media interest.”
It is alleged that the “conspirators” sought to spread rumors within the financial industry that Callidus and Catalyst were the subject of OSC whistleblower complaints and subject to investigations by the OSC and Toronto Police, as part of an effort “to undermine the public confidence in both firms.”
This is exactly the same playbook as we saw with RECO earlier in the year where a whistleblower filed a false report with the SEC and then leaked it to National Geographic and Globe & Mail (to the corrupt Niall McGee), who both based a multitude of hit pieces on it. It was also the basis for the first attacks by these ambulance chasing firms.
When are Anson going to pay for their crimes. RECO is just one of their victims. If you are an investor and have suffered from this whole short and distort campaign you should file a complaint. Make sure you do it with the SEC as the Canadian regulators are too corrupted and compromised to care: https://www.sec.gov/oiea/Complaint.html