Can B Corp (CANB)

[PoorTrader500]

Canbiola fired Island Stock Transfer last month and Carl Dilley resigned.

Carl Dilley owned Island Stock Transfer, and he was charged with fraud for making dozens of shell companies seem legit and selling them to investors.

After firing Island Stock Transfer, Canbiola rehires them with a new name - Transhare Corporation.

Canbiola seems legit to most, including me to some extent.

The problem that I’m seeing is, how do we know Canbiola REALLY IS LEGIT?

After all, they did just increase their authorized share count to 1.5 billion.

Initially, I thought the increase was nothing, probably just done to help finance their seemingly legitimate business operation.

Now, I’m not so sure. After all, selling shares of seemingly legit companies is what IST (now operating as Transhare) is known for.

I realize that Canbiola submitted audited financials. If you read the charges brought against Carl Dilley, that was his M.O. - make these companies look real, defraud the SEC, DTC, and FINRA, and sell some shares.

Therefore, relying on the reported financials to prove that Canbiola is a legitimate business is falling for the same exact scam that Carl Dilley and Island Stock Transfer ran for years.

There has to be more going on here...