eXeBlock Technology Corp C.XBLK.X

It's up hard!

[GoldBug024]

congrats to all longs! Lol jk, the management and ir should be shot

[HXFCPA11]

What a bunch of crooks!!! Drain the treasury!! Check out the related party transactions (note.9) in the latest financials. Numus (ie Dawe) stealing 20k a month! for nothing!; and then another $4k on top of that for rent lol what a fn joke. Oh, and also, a finance fee of $150k (7.5%). Stay clear

[Mechanizm]

Notwithstanding the ongoing hemorrhage of cash, the first page of Deloitte's 2018 audit report says all we need to know. Material Uncertainty Related to Going Concern Without qualifying our opinion, we draw attention to Note 1 of the consolidated financial statements, which indicates the existence of material uncertainties that may cast significant doubt about eXeBlock Technology Corporations

[NoobieDoobie]

I said it long, long ago!!!!   STOCKHOLDER LAWSUIT!

[NoobieDoobie]

Misappropriation of funds, breach of trust, misuse of funds, making misleading or unsubstantiated claims and statements to illegally obtain funds while knowing otherwise, etc!  Pretty cut and dry even without real investigation or digging into the files (or lack there of) and the tracing of relationships and actions by previous and current CEO's and owner operators. Sue the buggerers

[robins1]

I hope someone with more resources than me files a lawsuit . I'm in !

[mozzarella]

This post has been removed in accordance with Community Policy

[robins1]

I doubt we will ever see a penny . they probably burned through all our cash .  

[Mechanizm]

Probably? Definitely.  Wade Dawe and Jim Megann are happily siphoning $20K/mo for nonexistent management consulting fees. It stands to reason this should come under scrutiny as the corporation's single largest opex cost but no, the senior team continues to "pay" an obviously ineffective consulting team.

[HXFCPA11]

Not to mention; if they're getting paid a management fee, through Numus Financial how are they also getting paid a $150,000 (equal to 7.5%) "Finder's fee" (commission) on the financing through their 100% owned sub, Numus Capital.  Just check out Policy 5.1 of the TSXV Corporate Finance manual.  I guess they got the go ahead from the Exchange on that one some how. 

[HXFCPA11]

...just plain greasy. 

[Mechanizm]

Oops, seems I broke the Stockhouse rules when I posted home contact information of officers and related parties.  

[robins1]

You have to wonder what the securities and exchange commission is good for ?  not much protection for us poor suckers .