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[1] On April 18, 2022[1], the Administrative Tribunal for Financial Markets (“Tribunal”) issued, ex parte, freezing orders targeting the funds, securities and other property of the respondents and certain respondents and those held for them by the financial institutions involved.
[2] The initial freezing orders were issued as part of an investigation conducted by the Financial Markets Authority (“Authority”) against the respondents. This investigation concerns alleged serious breaches of applicable legislation[2], essentially a market manipulation scheme in which the respondents allegedly participated.
[3] These blocking orders have been extended twice since[3].
[4] The Court, on September 28, 2023[4], partially lifted the blocking orders in order to allow the liquidation - at the market price and within 6 months - of six securities held by the respondent Ramy Kamaneh in an account opened with the respondent TD Waterhouse Canada inc. as well as the deposit and conservation of the balance of these cash transactions in this account, all under close supervision by the Authority.
[5] The Authority presented to the Tribunal a request, dated October 5, 2023, seeking to extend the blocking orders currently in force in this case, for a period of 12 months. The Authority alleges that the investigation in the present case is still ongoing and that the reasons which justified the initial blocking orders still exist.
[6] During the pro forma hearing held on October 26, 2023, the respondents' lawyers informed the Court that they intended to contest this request for extension of the blocking orders presented by the Authority. After consulting the parties, the Tribunal has scheduled a pre-hearing conference for November 29, 2023 to plan for the proper conduct of the merits hearing regarding the above-mentioned extension request.
[7] However, as the freezing orders in force in this case expire on November 8, 2023 and, moreover, the Court needs time to render a written decision following the hearing to be scheduled, the Court decides - in order to continue to protect the public interest - to extend these blocking orders on an interim basis until February 8, 2024.
FOR THESE REASONS, the Administrative Financial Markets Tribunal, in the public interest and under Article 93 and 97 al. 2 (3o and 7o) of the Financial Sector Regulation Act[5], sections 249 and 250 of the Securities Act as well as sections 119 and 120 of the Derivatives Act[6]:
EXTENDS on an interim basis the freezing orders it issued on April 18, 2022, as renewed since then, until February 8, 2024, in the following manner, unless they are modified or repealed before expiry of this term:
ORDERS the respondent Ramy Kamaneh and the respondents SDIT inc. and SDÉT inc. not, directly or indirectly, withdraw or dispose of funds, securities or other property that they have in their possession or funds, securities or other property in the possession of another person who has custody, custody or control for Ramy Kamaneh, SDIT inc. and SDÉT inc., notably in the following bank accounts and brokerage accounts:
ORDERS the respondent Ramy Kamaneh and the respondent Doua'a Ismail not, directly or indirectly, to transfer, encumber, alter, destroy and/or alienate the building with the building built on it bearing the civic number [...] ], Montreal (Île-Bizard), province of Quebec, [...], known and designated as lot number [...] ([...]) of the Cadastre of Quebec, in the registration division of Montreal ;
ORDERS the Officer of the Registry Office of the registration division of Montreal to proceed with the publication of the blocking order and this decision relating to the immovable with a building constructed on it bearing the civic number [.. .], Montreal (Île-Bizard), province of Quebec, [...], known and designated as lot number [...] ([...]) of the Cadastre of Quebec, in the registration division of Montreal;
ORDERS the respondent Toronto Dominion Bank Inc., having a branch at 3720, boulevard des Sources, in the city of Dollard-des-Ormeaux, province of Quebec, H9B 1Z9, not to dispose of, directly or indirectly, the funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Ramy Kamaneh and the defendants SDIT inc. and SDÉT inc., notably in the following bank accounts:
ORDERS the respondent TD Waterhouse Canada inc., having a place of business at 7250, rue du Mile End, 6th floor, in the city of Montreal, province of Quebec, H2R 3A4, not to dispose of it, directly or indirectly, funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Ramy Kamaneh and the defendants SDIT inc. and SDÉT inc. notably in the following brokerage accounts, with the exception of the terms provided for the account [...] in the agreement ratified by the Court in decision no. 2022-010-004 of September 28, 2023 [7]:
ORDERS the respondent Scotia Bank, having a branch at 3828, boulevard de la Côte-Vertu, in the city of Montreal (Saint-Laurent), province of Quebec, H4R 1P8, not to divest, directly or indirectly, funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Ramy Kamaneh and the defendants SDIT inc. and SDÉT inc., notably in the following bank accounts:
ORDERS the defendant Nour El-Chafei not to, directly or indirectly, withdraw or dispose of funds, securities or other property in the bank accounts bearing the numbers [...] and [...] with the indictment Royal Bank of Canada having a branch at 3131, boulevard de la Côte Vertu, room F-1, in the city of Montreal (Saint-Laurent), province of Quebec, H4R 1P8;
ORDERS the respondent Mohamed Kada Mesli not, directly or indirectly, to transfer, encumber, alter, destroy and/or alienate the building with the building built on it bearing the civic number [...], in the city of Montreal ( Saint-Laurent), province of Quebec, [...], known and designated as lot number [...] ([...]) of the Cadastre of Quebec, in the registration division of Montreal;
ORDERS the Officer of the Registry Office of the registration division of Montreal to proceed with the publication of the blocking order and this decision relating to the immovable with a building constructed on it bearing the civic number [.. .], in the city of Montreal (Saint-Laurent), province of Quebec, [...], known and designated as lot number [...] ([...]) of the Cadastre of Quebec, in the registration division of Montreal;
ORDERS the respondent Royal Bank of Canada, having a branch at 3131, boulevard de la Côte-Vertu, room F-1, in the city of Montreal (Saint-Laurent), province of Quebec, H4R 1P8, not to dispose of, directly or indirectly, the funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Mohamed Kada Mesli, 7350341 Canada inc. and Auriga ERP Consulting inc., notably in the following bank accounts:
ORDERS the respondent Royal Bank of Canada, having a branch at 4119, rue Jean-Talon Est, in the city of Montreal (Saint-Léonard), province of Quebec, H1S 1J5, not to divest, directly or indirectly , funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Mohamed Kada Mesli, 7350341 Canada inc. and Auriga ERP Consulting inc., notably in the following bank account:
ORDERS the respondent RBC Placements en Direct inc., having a branch at 1, Place Ville-Marie, ground floor, in the city of Montreal, province of Quebec, H3B 3Y1, not to divest, directly or indirectly, funds, securities or other property that it has on deposit or of which it has custody or control for the respondent Mohamed Kada Mesli, 7350341 Canada inc. and Auriga ERP Consulting inc., notably in the following brokerage accounts:
ORDERS the Financial Markets Authority to notify the parties and, where applicable, their lawyers of this decision.
100 % agreed.
that was expected, they will keep delaying until it gets thrown out.
Dr. Vin is selling water to a well i heard.
how's the Q2 fins coming along? didn't they request a 5 day extension? and they are late?
this engine is running on fumes.
CE is still there, not coming off anytime soon or at all
no trades today so far, it's almost 130 pm.
2 trades today. Flying like hotcakes
Canadians aren't buying because we are not convince the CE is coming off in the near future. The CE is staying put.
bunch of clowns running the $ICOA show.
July 25, 2023 - "Annual Report - Restated FY 2022 Annual Report after Goodwill impairment with added Officers and Directors"
July 26, 2023 - " Annual Report - Annual Report - Restated FY 2022 Annual Report after Goodwill impairment with added Officers and Directors - Typos corrected"
July 26, 2023 - " Quarterly Report - Quarterly Report - Restated Q1 2023 Quarterly Report after Goodwill impairment - Counsel updates"
Bunch of useless tits
how many times does this company need to revise the filings. Bunch of 🤡's
3rd time this week. last one titled " Quarterly Report - Quarterly Report - Restated Q1 2023 Quarterly Report after Goodwill impairment - Counsel updates" upload yesterday.
the CE isn't coming off at all
the goodwill assets was bullshit to begin with hence dropping it down to $0 instead of a more realistic value $1 million for example.
Monday will be another Monday to start the week. CE is still there and dreamers will still be dreamers.
yup! their IR person is a criminal/fraudster.
would not believe anything she says on Discord.
CE is still there, that's a known fact.
the CE ain't coming off the end of June like everyone is hoping for.
the CE is forever etch into $ICOA. Dr. VinClown is a scam, he claims to be a doctor, claims to be a crypto guru but no proof.
Would not believe anything that comes out of his mouth or twitter feed. The company has not addressed the CE because they know they can't do anything about it. They got caught with their pants down. DrVin blowing Mr. Ching Chong .
100 % agree with you there.
It's just random people posting random sh*t. Also, all the sh*t the company is posting is worthless. Attending conventions won't do shit unless you sign someone up. Too date, none. So hasn't produced any fruits.
They need to produce something. not fluff. Real David Chong just pumps and pumps this company. What about finishing the financials, SEC compliance, etc.
The discussion panel won't be broadcast live on TV, this is a conference people.
just saying.
answer this, supposedly they are in Florida in doing a presentation in front rich f*cks, but why no photo or video to show?
supposedly, the doctor will appear on a segment on CNBC? why no details?
a little suspicious that's all.
will the CNBC segment be an American segment or not some foreign offshoot like CNBC AFRICA or something stupid
old clip of Dr.Vin Mennon speaking on a CNBC AFRICA segment.
so this panel discussion? where is the info? What segment is it on CNBC?
There's no problem.
Just clarifying that ICOA does not own any BTC as everyone seems to think.
@ysung? bueller bueller?
I just wanted to provide clarification. People seem to think ICOA owns 5000 BTC which they don't as already stated by the CEO on discord
this clarified in one of the meetings.
"...ICOA does not own any BITCOIN, BGBF currently has 3,240 BTC under management..."
big difference.
they don't own 5000 BTC just an FYI as most people seem to think.
Thanks, hopefully they deliver today. They've been good on delivering on time.
isn't there something coming out today?
Jason resign!
10Q = garbage + more notes
Jason Remillard is handing out notes like food stamps
in other news....
https://www.bloomberg.com/news/articles/2021-10-26/twitter-user-alexander-delarge-charged-for-hyping-penny-stocks
newest acquisition company crypto is now listed on coinmarket.com
https://coinmarketcap.com/currencies/ibg-finance/
sounds like a lot of people can't read. they did not acquire "Kweichow Moutai" which is a a partially publicly traded company. they are acquiring a company called Five Grain Treasure Spirits Co.". unfortunately, not much on this company on the internet. so scrap those potential revenues people are throwing around. At this point its pretty much zero until it shows up in the financials just like vinnafilms. not existent to this point. just saying.
posted this while back.
just posting it, some people just don't know where to look. Classidocs is the thing of the pass, they rebranded the product. don't matter anyways this stock is dead, well to the long shareholders. new ones might have a fighting chance but knowing Jason's CEO resume, new investors will be doom just like the rest of us.
people are still on this board?
There's nothing to talk anymore on this company, only that Jason finally put the last nail in the coffin for all his long shareholders. Until then this board is dead.
I'm still in, just smaller share count and never recovering my investment but I will keep by shares till the end.
just says its effective
so when is the acquisition going to be complete? kinda don't want to happen.
shell symbol on OTC