TSXV:RHT.H - Post by User
Comment by
Mitch43on Jan 04, 2024 3:59pm
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Post# 35811243
RE:RE:Is there any chance
RE:RE:Is there any chanceEd:
"That one can do so reveals regulators don't regulate"
Wrong as usual.... regulators from the Vancouver BCSEC forced the CO in 2018 after the RELIQ pump and dump scheme by the Thindal brothers and associates whicn allegedly netted for them an estimated $19 million cad, to restate some of its fake financials presented by then Reliq' CFO A.Thindal, and approved by CEO Dr Lisa Crossley for which the CO was required to pay $2.5 million cad (which Lisa settled out of court without contest) while it started legal proceeding against 6 individuals ( including the Thindal brothers) presently put on trial in a BC court.
Dr L. Crossley though aware of what was going on since as CEO she signed on the financials wasn't charged because the BCSEC couldn't gather enough valid proofs that she fully participated into the details of the pump and dump scheme as the thindal brother and associates.
This time might be different for her on the eventual coming lawsuits , not for all the lies, hypes she repeatedly spewed over the years because it's not a crime to do so for a CEO to pump the merits of their CO, but it is a crime to tell publicly to shareholders/investors on several occasions that the company won't have to issue more shares because of its fake profitability.