Inner Spirit Holdings Ltd. INSHF

Questions on this company

[Bdiggins]

Looking to invest some capital and was looking at this company . Yet I am having issues with some information. So id like to get clear on a few things ! 1. I understand the CEO D.Bondar Declared bankrupcy including indicating insolvency with his company (Watchit ) it just 10 months ago 2. That the CFO history includes two failed energy companies 3.. That the insiders are failed franchise operators of watch it. 4. That the head office is simply a shell in a apartment style building. 5. That the corporate store is rented space in Calgary in a third tier strip mall 6. That the CEO granted himself over a million dollars woth of shares on the IPO 7. That flow capital was given 8.3 % of the company based on their equity in a insolvent company (Watch it ) The story I have is that these guys did a flashy web page with two rented spaces used that and a story of 100 franchise deals signed to do a deal with XLY.V and HIP.V used the equity from the deals as collateral to get to the IPO . So what exactly is the story with these guys ? Am I way off , on or what ?. If half of what i've been told is true it seems like a total scam ... anyone care to offer some facts ! Thanks.

[quinlash]

All very good concerns.  I would suggest either staying away or take one of these two approaches; invest a small amount that you are willing to risk/lose and pull out when you have a decent return or secondly, invest a larger amount that you can pull out after a big run (assuming it happens) and let the profits ride.   I am taking the second approach due to the fact that this is a

[Bdiggins]

Thank you for your reply!

[cudjo]

thanks bdiggins, see bankruptcy pdf here for Bondar [url=https://cdn2.hubspot.net/hubfs/211718/docs/WatchIt%20&%20Comfortable%20-%20Affidavit%201%20of%20Darren%20Bondar%20-%20sworn%20May%2016,%202017.pdf?t=1496770652568]bankruptcy[/url] He owned all the shares, companies formed in 99 and out in 2017, sold/sell watches and jewelry, tough business.  He didn't hurt shareholders and

[cudjo]

no idea why the link didn't work, try again here: [url=https://cdn2.hubspot.net/hubfs/211718/docs/WatchIt%20&%20Comfortable%20-%20Affidavit%201%20of%20Darren%20Bondar%20-%20sworn%20May%2016,%202017.pdf?t=1496770652568]bankruptcy]bankruptcy[/url]

[cudjo]

f'k it, see: https://cdn2.hubspot.net/hubfs/211718/docs/WatchIt%20&%20Comfortable%20-%20Affidavit%201%20of%20Darren%20Bondar%20-%20sworn%20May%2016,%202017.pdf?t=1496770652568]bankruptcy

[Bdiggins]

To a more specific question ... how is it that A. As stated in the affidavit That he is the sole Director issuer and holder of all issued, outstanding and common shares.............. and then grants flow capital 8.36% of ISH (new company ) in consideration of their holdings in another and insolvent company (watch It)..... So either he lied on the court document or failed to disclose third party

[Bdiggins]

Also there is no mention in the Affidavit of flow Capital listed as a interested party , yet all the debtors are in fact listed. Ya im done with this one!!! its obvious that 8.6% or over 2 milllion just got skimmed off ., Obvious scam !!! Thanks for the replys

[Clacker1]

Glad you are done!

[trader129]

flow had a royalty agreement on the watch it revenue.  so he used the spirit leaf concept to pay for the watch it recievership..

[Bdiggins]

How is that even legal, The recievership was his (Darren Bondars) problem personally. How a publicly traded company becomes responsible for another companies bankrupcy obligations doesnt make sense to me. Total scam BEWARE !

[captiveking]

One can’t be director of a Canadian public and be a bankrupt. Watchit wasput into voluntary bankruptcy after what was once a going concern prior to the advent of Apple Watch etc. In order  to file a prospectus for a franchise dispensary model,  Watchit was necessary to provide regulators a prior history of revenue