Saturday, August 17, 2019 9:57:00 AM
First, the terminated Mr.Peter Aceto and the resignated Mr. Eric Paul will be criminally charged by OSC, RCMP and Ontario Police.
They believe Their sale of $6 million dollars by the two will be demanded to be repaid. Other monetary claims may be made as well.
Also, ALL shares held by these persons will be seized and cancelled!
Any other employees who were aware of the attempted fraudulent production of the cannabis will be subject to criminal charges. The “I was just following orders” is NOT a legal excuse!
The question of what should be done with the illegally produced 12,700 Kilograms of cannabis a more difficult question to be decided by Health Canada.
They could decide to destroy the cannabis. But the federal and provincial government would lose the tax revenue.
There is a shortage of cannabis in Canada.
Since the shares of those who were found criminally at fault will be seized, perhaps Health Canada will mitigate the losses of legal shareholders by returning the cannabis to the company. I CAN DREAM
There will be some financial penalty charged to TRST as well.
There are 2 possible scenerios that Health Canada possibly would consider. Allow the new management group, under strict rules of compliance. OR A THIRD PARTY BY ANOTHER approved Cannabis company would purchase the company
Personally, I feel the shares of TRST should have been halted at the first report of a possible problem . But shareholders buy any shares of any company realising that there is RISK
Recent TRST News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 08:50:30 PM
- Rendering Speculation Unnecessary, TrustCo Delivers Again With a Quarterly Dividend of $0.36 Per Share • GlobeNewswire Inc. • 08/20/2024 08:00:00 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 08/13/2024 04:11:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 07:41:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:20:30 PM
- TrustCo Delivers Once Again With Second Quarter Results Net Interest Margin Up 3.7% on Loan Growth of 3.8% • GlobeNewswire Inc. • 07/22/2024 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 07:07:01 PM
- Trustco Bank Announces Management Changes – Leonard, Curley, and Others Assume New Roles • GlobeNewswire Inc. • 07/16/2024 06:38:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 08:00:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 06:24:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 05:47:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:45:45 PM
- With Steadfast Reliability; TrustCo Reports Quarterly Dividend of $0.36 per Share • GlobeNewswire Inc. • 05/21/2024 08:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:19:59 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3% • GlobeNewswire Inc. • 04/22/2024 08:00:00 PM
- TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024 • GlobeNewswire Inc. • 04/10/2024 08:00:00 PM
- TrustCo Bank Corp NY Announces Stock Repurchase Plan • GlobeNewswire Inc. • 03/29/2024 08:00:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/11/2024 08:51:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 07:21:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 09:01:31 PM
- Strong Capital Supports TrustCo’s Consistent Dividend; Annualized Payout of $1.44 per share • GlobeNewswire Inc. • 02/21/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/15/2024 09:37:49 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM