Chalice Brands Ltd (CHALF)

[JimofRidge]

I have a difficult time getting past the Industrial Enterprises of America Inc (Plantiff ) v. Ardent Advisors,LLC,et al. I will leave it for now as et al. This is Case No.09-11475 (BLS) It is a bankruptcy of Industrial Enterprises of America Inc. where the shareholders were wiped out. A very smart observation uncovered a scheme, didn't actual conduct the scheme but non the less received $500,000 in a stock payment from that company to show the company how the scheme was set up and how it was operating.The stock payment was illegal as was the receiving the stock. When the company went bankrupt the settlement required repayment to the shareholders so as to avoid prosecution. Take the time to look at what happened.