Here is a copy of a letter being sent out that was just posted on FB. I was pretty impressed by it so I wanted to share....I sent out an email on Thursday to the OSC and received a response. Today I sent out this email to the Health Minister, the OSC, SEC, and the Windsor Star. I included screenshots and documents of everything --
I am an investor in Creative Edge Nutrition / CEN Biotech (FITX) can attest to a multitude of of hit pieces, accusatory statements, and innuendos that have been thrown at the company for over a year. The CEO, nor other Insiders, have ever been convicted of Insider Trading or Pumping and Dumping. There have been accusations thrown at them, but no one has ever been able to definitively prove that their sales were done illegally. In fact the only thing that Creative Edge Nutrition / CEN Biotech is guilty of being is a penny stock! They are the easiest stocks to manipulate!
I have a few examples of lies, deception, and straight up admitted fraud, impersonation, and stock manipulation.
Most recently, I read an article by Grant Robertson of the Globe and Mail that stated that CEN Biotech is being investigated by the OSC. I am confused and am curious about OSC's jurisdiction in to the trading conspiracies that have been purported to in the media. Creative Edge Nutrition, the parent company of CEN Biotech, trades in the United States markets and not in the Canadian Exchanges.
According to a Grant Robertson Globe and Mail article from February 17, 2015:
"The Canadian loophole
Were it not for a convenient loophole in Canadian securities regulations, shareholders would be able to know a lot more about CEN Biotech. And Canadians could more closely examine the company that seeks to dominate the medical marijuana industry.
Last summer, securities administrators across the country discussed a new rule called Multilateral Instrument 51-105, which states that OTC market companies in the U.S. that want to operate in Canada must comply with Canadian reporting rules – which means filing prospectuses, audited financials and other disclosure documents typically expected of a public company.
The goal was to improve disclosure standards for these companies and to discourage abusive “promotional activities,” such as inaccurate or exaggerated claims made to investors.
The new rule, proposed by British Columbia, was accepted by the other provinces – except Ontario, which disagreed that it was needed.
That means a company like Creative Edge doesn’t have to answer to the Ontario Securities Commission.
In an e-mailed statement, the OSC said it investigated last year to see if such problems were an issue but “has not found sufficient evidence of abusive activity being conducted in Ontario.”
Health Canada now finds itself in the position of potentially granting a licence to a company that does not fall under the watch of any financial regulator.
The introduction of 51-105 stemmed from “a desire to step in and be the regulator of last resort, if you will, for companies that weren’t otherwise regulated,” said Rob Lando, a corporate securities lawyer at Osler. “It says, since no one else is regulating you, we will.”
But Ontario’s refusal to sign on creates a “safe haven” for OTC companies, he added. “Maybe the word is out that Ontario is open season because it’s the only province that doesn’t have 51-105. It’s possible.”"
http://m.theglobeandmail.com/…/how-much-d...008885/…
But then on March 25 2015, he reports that the OSC is investigating CEN Biotech:
"CEN Biotech, a company that soared to be worth hundreds of millions of dollars last year on claims that it was being licensed to build the world’s largest medical marijuana facility in Canada, is under investigation by the Ontario Securities Commission.
The regulator said Wednesday it is looking into the company and its parent firm, but did not provide further details, such as how long the investigation has been going on or if regulators in the United States are involved.
“The OSC has an active investigation into this matter,” Carolyn Shaw-Rimmington, spokeswoman for the OSC, said in an e-mail to The Globe and Mail."
http://www.theglobeandmail.com/…/ontario-s...e23622472/
Meanwhile, since his latest article was published, the stock was lost 30% of it's value!!! And to that point, Grant Robertson of the Globe and Mail has written 11 or 12 articles accusing the CEO of wrongdoing, but has never proven anything other than spreading accusations and innuendoes. Every time he published an article the stock PPS dropped dramatically!
I did a bit more digging and found that indeed the OSC does not investigate OTC stocks as it did not sign on to 51-105.
I am sure that you are well aware of the problems that CEN Biotech has had with the Town of Lakeshore, but what might you might not know is that other Licensed MMPR companies have been possibly connected to the demise of CEN Biotech.
I did some research and also found and an interesting connection between Aphria CEO Vic Neufeld and the Town of Lakeshore. It might not be anything, but the connections and the comment by Mr. Neufeld about CEN Biotech's License application were enough for me to be suspicious.
Vic Neufeld is former CEO of Jamieson Laboratories in Windsor. They are Canada's oldest and largest Vitamin company. He is a power broker in the region and sits on the board of Windsor Canada Utilities and most recently was appointed to the Windsor Federal Credit Union board.
He said this in a December Windsor Star article -- " “They must be livid in Ottawa right now,” Aphria Inc. CEO Vic Neufeld said of the likely Health Canada response to the recent reports on CEN Biotech."
http://blogs.windsorstar.com/…/questions-ra...-lakesh…
He is also friends with Marty Komsa, the CEO of WFCU, who also sits on the board of Windsor Canada Utilities. Komsa recently christened the new Aquatic Center in Lakeshore brandishing the name Windsor Federal Credit Union.
http://blogs.windsorstar.com/…/lakeshore-na...ic-cent…
http://www.ottawacitizen.com/Local+golfers+Al...story.html
https://www.wfcu.ca/…/News%20Release_WFCU%2...0th%20A…
http://www.enwin.com/about/corporate.directors.cfm
Strangely, Aphria released a PR last week which stated that they were 'working' with Health Canada, which is a charge that was made against Bill Chabaan to which Health Canada said they do not work with anyone...
"Aphria also announced that it successfully renewed its license to cultivate and sell marijuana under the Marihuana for Medical Purposes Regulations ("MMPR"
. However, commensurate with its announcement last week of a two-phase expansion plan, the first part of which will commence immediately, Aphria will be working with Health Canada to increase the amount it is permitted to cultivate and sell under the MMPR from its current annualized growing capacity of 1,400 kilograms to 2,50"
http://www.marketwired.com/…/aphria-success...nds-lic…
And coincidentally, Grant Robertson did some nice write ups on Aphria --
http://m.theglobeandmail.com/…/from-vitam...979550/…
http://m.theglobeandmail.com/…/health-can...821901/…
I have seen Chuck Rifici, the former CEO, use Twitter to Tweet out a multiple of Tweets calling FITX a scam. I have even seen an email received by another Long Investor that shows Brendan Kennedy, former CEO of Tilray, and head of Privateer Holdings calling FITX a scam.
To demonstrate very real fraud and deception, I have included screenshots and a formal complaint that I filed with the SEC back in July concerning a member of the IHUb community impersonating Kirk Foran, a Canadian public official from Lakeshore, in order to manipulate the stock. He went by rolphtonair on IHub and then had a false Facebook account under the name Eddie Jorge Falco. He emailed me under the name Joey Sunstrom trying to gain my confidence to perpetuate his fraud. He said in the email that he had corresponded with one Nathan Armstrong of the now defunct Motive Industries who had developed a Hemp Composite of which Creative Edge Nutrition came to own the molds and tooling through their Hemp Technologies division. I was able to do a Google image search and connected the FB user profile to be the same as one Eddie Tsao of Toronto. I can not say for certain that the person responsible for the fraud is Eddie Tsao, but that it what I found.
I have also included screenshots of a Twitter conversation that I had with Chris Parry of Stockhouse.com where he admits to being a paid stock promoter. He has been the author of many negative article about Creative Edge Nutrition and CEN Biotech.
I have never been witness to so much Bashing against a stock in all of the time that I have invested in the stock market. I know that it occurs, but I have never personally been invested in a stock where it did occur.
I wanted to share a sample of the sort of information that has been spread over the past year concerning the company and I hope that you will at least consider that there are forces at work here who indeed wish for CEN Biotech to fail before they've ever been given the opportunity to run a business.
Best regards,
Eli Sentman
I am an investor in Creative Edge Nutrition / CEN Biotech (FITX) can attest to a multitude of of hit pieces, accusatory statements, and innuendos that have been thrown at the company for over a year. The CEO, nor other Insiders, have ever been convicted of Insider Trading or Pumping and Dumping. There have been accusations thrown at them, but no one has ever been able to definitively prove that their sales were done illegally. In fact the only thing that Creative Edge Nutrition / CEN Biotech is guilty of being is a penny stock! They are the easiest stocks to manipulate!
I have a few examples of lies, deception, and straight up admitted fraud, impersonation, and stock manipulation.
Most recently, I read an article by Grant Robertson of the Globe and Mail that stated that CEN Biotech is being investigated by the OSC. I am confused and am curious about OSC's jurisdiction in to the trading conspiracies that have been purported to in the media. Creative Edge Nutrition, the parent company of CEN Biotech, trades in the United States markets and not in the Canadian Exchanges.
According to a Grant Robertson Globe and Mail article from February 17, 2015:
"The Canadian loophole
Were it not for a convenient loophole in Canadian securities regulations, shareholders would be able to know a lot more about CEN Biotech. And Canadians could more closely examine the company that seeks to dominate the medical marijuana industry.
Last summer, securities administrators across the country discussed a new rule called Multilateral Instrument 51-105, which states that OTC market companies in the U.S. that want to operate in Canada must comply with Canadian reporting rules – which means filing prospectuses, audited financials and other disclosure documents typically expected of a public company.
The goal was to improve disclosure standards for these companies and to discourage abusive “promotional activities,” such as inaccurate or exaggerated claims made to investors.
The new rule, proposed by British Columbia, was accepted by the other provinces – except Ontario, which disagreed that it was needed.
That means a company like Creative Edge doesn’t have to answer to the Ontario Securities Commission.
In an e-mailed statement, the OSC said it investigated last year to see if such problems were an issue but “has not found sufficient evidence of abusive activity being conducted in Ontario.”
Health Canada now finds itself in the position of potentially granting a licence to a company that does not fall under the watch of any financial regulator.
The introduction of 51-105 stemmed from “a desire to step in and be the regulator of last resort, if you will, for companies that weren’t otherwise regulated,” said Rob Lando, a corporate securities lawyer at Osler. “It says, since no one else is regulating you, we will.”
But Ontario’s refusal to sign on creates a “safe haven” for OTC companies, he added. “Maybe the word is out that Ontario is open season because it’s the only province that doesn’t have 51-105. It’s possible.”"
http://m.theglobeandmail.com/…/how-much-d...008885/…
But then on March 25 2015, he reports that the OSC is investigating CEN Biotech:
"CEN Biotech, a company that soared to be worth hundreds of millions of dollars last year on claims that it was being licensed to build the world’s largest medical marijuana facility in Canada, is under investigation by the Ontario Securities Commission.
The regulator said Wednesday it is looking into the company and its parent firm, but did not provide further details, such as how long the investigation has been going on or if regulators in the United States are involved.
“The OSC has an active investigation into this matter,” Carolyn Shaw-Rimmington, spokeswoman for the OSC, said in an e-mail to The Globe and Mail."
http://www.theglobeandmail.com/…/ontario-s...e23622472/
Meanwhile, since his latest article was published, the stock was lost 30% of it's value!!! And to that point, Grant Robertson of the Globe and Mail has written 11 or 12 articles accusing the CEO of wrongdoing, but has never proven anything other than spreading accusations and innuendoes. Every time he published an article the stock PPS dropped dramatically!
I did a bit more digging and found that indeed the OSC does not investigate OTC stocks as it did not sign on to 51-105.
I am sure that you are well aware of the problems that CEN Biotech has had with the Town of Lakeshore, but what might you might not know is that other Licensed MMPR companies have been possibly connected to the demise of CEN Biotech.
I did some research and also found and an interesting connection between Aphria CEO Vic Neufeld and the Town of Lakeshore. It might not be anything, but the connections and the comment by Mr. Neufeld about CEN Biotech's License application were enough for me to be suspicious.
Vic Neufeld is former CEO of Jamieson Laboratories in Windsor. They are Canada's oldest and largest Vitamin company. He is a power broker in the region and sits on the board of Windsor Canada Utilities and most recently was appointed to the Windsor Federal Credit Union board.
He said this in a December Windsor Star article -- " “They must be livid in Ottawa right now,” Aphria Inc. CEO Vic Neufeld said of the likely Health Canada response to the recent reports on CEN Biotech."
http://blogs.windsorstar.com/…/questions-ra...-lakesh…
He is also friends with Marty Komsa, the CEO of WFCU, who also sits on the board of Windsor Canada Utilities. Komsa recently christened the new Aquatic Center in Lakeshore brandishing the name Windsor Federal Credit Union.
http://blogs.windsorstar.com/…/lakeshore-na...ic-cent…
http://www.ottawacitizen.com/Local+golfers+Al...story.html
https://www.wfcu.ca/…/News%20Release_WFCU%2...0th%20A…
http://www.enwin.com/about/corporate.directors.cfm
Strangely, Aphria released a PR last week which stated that they were 'working' with Health Canada, which is a charge that was made against Bill Chabaan to which Health Canada said they do not work with anyone...
"Aphria also announced that it successfully renewed its license to cultivate and sell marijuana under the Marihuana for Medical Purposes Regulations ("MMPR"
. However, commensurate with its announcement last week of a two-phase expansion plan, the first part of which will commence immediately, Aphria will be working with Health Canada to increase the amount it is permitted to cultivate and sell under the MMPR from its current annualized growing capacity of 1,400 kilograms to 2,50" http://www.marketwired.com/…/aphria-success...nds-lic…
And coincidentally, Grant Robertson did some nice write ups on Aphria --
http://m.theglobeandmail.com/…/from-vitam...979550/…
http://m.theglobeandmail.com/…/health-can...821901/…
I have seen Chuck Rifici, the former CEO, use Twitter to Tweet out a multiple of Tweets calling FITX a scam. I have even seen an email received by another Long Investor that shows Brendan Kennedy, former CEO of Tilray, and head of Privateer Holdings calling FITX a scam.
To demonstrate very real fraud and deception, I have included screenshots and a formal complaint that I filed with the SEC back in July concerning a member of the IHUb community impersonating Kirk Foran, a Canadian public official from Lakeshore, in order to manipulate the stock. He went by rolphtonair on IHub and then had a false Facebook account under the name Eddie Jorge Falco. He emailed me under the name Joey Sunstrom trying to gain my confidence to perpetuate his fraud. He said in the email that he had corresponded with one Nathan Armstrong of the now defunct Motive Industries who had developed a Hemp Composite of which Creative Edge Nutrition came to own the molds and tooling through their Hemp Technologies division. I was able to do a Google image search and connected the FB user profile to be the same as one Eddie Tsao of Toronto. I can not say for certain that the person responsible for the fraud is Eddie Tsao, but that it what I found.
I have also included screenshots of a Twitter conversation that I had with Chris Parry of Stockhouse.com where he admits to being a paid stock promoter. He has been the author of many negative article about Creative Edge Nutrition and CEN Biotech.
I have never been witness to so much Bashing against a stock in all of the time that I have invested in the stock market. I know that it occurs, but I have never personally been invested in a stock where it did occur.
I wanted to share a sample of the sort of information that has been spread over the past year concerning the company and I hope that you will at least consider that there are forces at work here who indeed wish for CEN Biotech to fail before they've ever been given the opportunity to run a business.
Best regards,
Eli Sentman
