23:00:55 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Crestview Exploration Inc
Symbol CRS
Shares Issued 13,516,932
Close 2020-07-06 C$ 0.50
Market Cap C$ 6,758,466
Recent Sedar Documents

Globe says Crestview, Blue Lagoon may have same scammer

2020-07-06 09:04 ET - In the News

Also In the News (C-BLLG) Blue Lagoon Resources Inc

The Globe and Mail reports in its Monday, July 6, edition that Crestview Exploration, at the centre of an alleged "pump and dump" mailing campaign, was also the target of an aggressive on-line stock promotion on both sides of the Atlantic. The Globe's Niall McGee writes that website posts and e-mailed stock tips promoting Crestview strongly resemble letters mailed across Canada this past spring that made false claims about the tiny gold explorer. Crestview chief executive officer Glen Watson has denied having anything to do with the letters. Blue Lagoon Resources has also caught the attention of securities market surveillance groups because it too has experienced a stock promotion similar to the Crestview letters. Blue Lagoon CEO Rana Vig says the various promotions have caused his company nothing but grief. The Globe says the campaigns on both Crestview and Blue Lagoon pull back the curtain on the hard-to-police, lightly regulated world of stock promotion and the difficulties regulators in Canada and the United States face in trying to hold suspected scammers to account. The overlap in the Blue Lagoon and Crestview promotions raises the possibility that the same party may have been behind both.

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