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Thursday, 05/20/2021 10:52:06 AM

Thursday, May 20, 2021 10:52:06 AM

Post# of 48953
The Alberta Securities Commission just settled with a company who sold shares during the cease trade order. They paid a fine AND had to cancel (refund to investors) the shares sold while under the cease trade order so ouch. ACRL sold shares while the cease trade order was in force and having to return the money from the Class B Preferreds (the ones Mr. Grant claimed investors could not lose money on, a big no no no under securities law up north!). Returning the money raised, well, that will cross the tees and dot the eyes on this puppy since they cannot even pay an accountant to get the audits done (the same audits Mr. Grant claimed were done and in the hands of their lawyer back in 2019-now, how much money have they made since then? None.)