The company remains responsible for its negligence. The promoting that Jeffrey Friedland conducted on behalf of One World Cannabis should have included a disclaimer. That simple. But that wasn't the case. I simply won't buy into the notion that the company is free any culpability.
That isn't close top being accurate - in the SEC complaint - they state very clearly that OWCP was complicit in the scam.
Friedland couldn't have completed his fraudulent activity without the knowledge and help from OWCP.
For your edification about the OWCP scam:
On or around August 18, 2014, OWC provided an opinion letter to its transfer agent from a disbarred attorney in connection with its issuance of stock to Intiva...
Pursuant to the compensation terms of the Global PR/IR Agreement, OWC transferred 5,134,375 OWC shares to Global on February 5, 2016. OWC provided an attorney opinion letter to OWC’s transfer agent from a disbarred attorney in connection with the issuance of OWC’s stock to Global.
You seem to have forgotten the SEC is investigating OWCP as they detailed in the 10-K!
We may expend a substantial amount of time and resources in connection with SEC or stockholder-related inquiries or legal actions related to an ongoing investigation by the SEC.
In March 2018, we received a non-public subpoena dated February 16, 2018 issued by the SEC ordering the provision of documents and related information concerning certain of the issues involved in the Friedland Matter. We are in a process of responding to the subpoena and intend to fully cooperate with the SEC. We are unaware of and unable to predict the length, scope, outcome or impact of the SEC’s investigation. As a result, we do not know how the SEC investigation is proceeding, when the investigation will be concluded, or if we will become involved to a greater extent than merely responding to the subpoena we received. This may become a material cost to us, distract the time and attention of our officers and directors or divert our resources away from ongoing research and development programs and result in loss of investor confidence and a decline in price of our Common Stock.
It is obvious to all but those that are married to OWCP that they have a serious problem with the SEC/Justice Department.