“Hello ,
As you are aware, the board appointed a special committee of independent directors to review and confirm the Company's record. That work continues and will be presented as soon as possible. We want to let the special committee complete its work so that there can be no doubt of the conclusions presented as a result.
Thanks,
Joel Pierce Investor Relations Administrator”
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.apha&postid=29106448#ML017jCOauwJdVs3.99
Source = Twitter Account
We estimate that $APHA has diverted upwards of C$700m via such transactions, or about 50% of Aphria’s total net assets. We believe the conduct of Aphria’s executives and deal partners has been deeply unethical and possibly criminal. ALL of the Canadian shell entities were previously named after $APHA / $SOL insider Andy DeFrancesco's personal private firm, and then ALL of the names were changed prior to deal announcement, ensuring the personal firm name was left off all deal-related press releases. (11/x) We are still waiting patiently for the $APHA rebuttal. It's been a week and a half already.
Perhaps they needed to re-write the part about relying on counsel now that the Globe & Mail outed their lawyer as being Andy DeFrancesco's brother in law? Holders of the shell included key Aphria, Scythian, and Liberty deal partner/insider Andy DeFrancesco, along with 3 individuals recently alleged by the SEC to have run multiple pump & dump schemes. Liberty acquired a Florida property this year. Rather than just buying the assets, they were acquired through a newly-formed entity, netting the shell holders an estimated ~C$5 million gain in 6 days.
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