Replies to post #67364 on GRN Holding Corp (GRNF)

[e-ore]

What your saying then is that the Treasury Department didn't freeze CANN money, they froze PBC/GRN Funds money.

[Roemp]

The problem with your statement is JC offered no proof of the frozen accounts and neither did FINEC, If you gave me $1000 bucks and then asked for it back, I say I can't cause the accounts are frozen you would want proof not take my word for it.

[Computerbux]

The Capital Management Agreement specifically says that PBC accounts are FDIC insured.

CMA should clue you in that this is an equity based account, most likely GRN Funds. That’s perfectly legal. And that’s how they make a ton of money. They probably have a bank charter with backing for asset protection that a certain percent must be kept in blue chips.

I would bet that PBC deposits funds in several banks to achieve the FDIC proper deposit ratios.