Replies to post #31865 on Integrated Ventures Inc (INTV)

[StockDetective]

Why catch the falling knife?? What’s next bankruptcy?? Over 1 million in net losses!

[PennyStock Alert]

STOCK WARNING to all who are current Integrated Ventures [OTC: INTV] shareholders:

This SCAM claims to be a bitcoin mining company, however, recently the sole owner of this unaudited shell was arrested for Fraud and Conspiracy to commit Fraud by the US government. *** We expect that this shell company will be halted within the next few days. ***

** The recent unaudited 10K shows extreme Dilution from 40 million shares to 250 million shares.
Integrated Ventures, Inc. **

Condensed Statements of Cash Flows
(Unaudited)

Six Months Ended
December 31,2018

Net loss for the last quarter: $1,171,446

https://ih.advfn.com/p.php?pid=ihm_newsArtView&article=79275000&symbol=NO%5EINTV&hl=1#INTV_10Q_HTM_INDEX%20TO%20FINANCIAL%20STATEMENTS

https://www.sec.gov/Archives/edgar/data/1520118/000147793219000493/intv_10q.htm

Additionally, we find the following that was hidden within the unaudited 10K filing which was recently released:

The Chief Executive Officer/Chief Financial Officer has determined that the Company continues to have the following deficiencies which represent a material weakness:

1. As of December 31, 2018, we did not maintain effective controls over the control environment. Specifically, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-B. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

2. As of December 31, 2018, due to the inherent issue of segregation of duties in a small company, we have relied heavily on entity or management review controls and engaged an outside financial consultant to lessen the issue of segregation of duties over accounting, financial close procedures and controls over financial statement disclosure. Accordingly, management has determined that this control deficiency constitutes a material weakness.

3. As of December 31, 2018, we did not establish a written policy for the approval, identification and authorization of related party transactions. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Because of these material weaknesses, management has concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2018, based on the criteria established in “Internal Control-Integrated Framework” (2013 Framework) issued by the COSO.

Disclaimer: INTV is one of the most risky stocks to invest in and extreme caution is advised prior to any purchase of shares.

https://recordsfinder.com/mugshot/