Creative Edge Nutrition Inc (FITX)

[deafelephant]

Classic example of corruption and illegal insider enrichment schemes - "In 2014, CEN acquired Hemp Technology, based in New Zealand, for $643,500. The purpose of the acquisition was to obtain and use its knowledge and not for any ongoing business operations. The purchase price was expensed as research and development costs and categorized as an operating expense. During 2014, expenses of $501,869 relating to the individuals associated with Hemp Technology are included in “wages and consulting fees.”"

http://www.sec.gov/Archives/edgar/data/1653821/000107878216002623/f10k123115_10k.htm

Cen Biotech is not even a traded company yet and already it's in severe debt - fair warning "We have not yet generated any revenue and have no committed sources of ongoing debt or equity financing. At December 31, 2015, we had cash of $3,016 and a working capital deficit of $13,483,293. "

Cen Biotech still hopes to use Lakeshore as their location for their grow-op but... "The Town is now retroactively attempting to enact a bylaw to change the zoning required. We have filed a claim against the Town before the Ontario Municipal Board but cannot predict the timing or outcome of this action."

Cen Biotech has just ONE employee - guess who... Bill Chaaban.

And guess what his yearly salary that he's paying himself will be.... "Bill Chaaban will make all decisions concerning his compensation for the foreseeable future. These decisions may not be in the best interests of other investors.

Mr. Chaaban currently has an employment agreement calling for annual compensation of $1,200,000 per year and will make all decisions determining the amount and timing of his compensation for the foreseeable future until, if ever, we establish a compensation committee of the board of directors. His decisions about compensation may not be in the best interests of other shareholders."

It's abundantly clear Bill is continuing to attempt to run yet another scam

http://www.sec.gov/Archives/edgar/data/1653821/000107878216002623/f10k123115_10k.htm