12:01:31 EST Thu 21 Nov 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Pivot Pharmaceuticals Inc
Symbol PVOT
Shares Issued 88,679,077
Close 2019-09-26 C$ 0.275
Recent Sedar Documents

Pivot defendants complain of deceit, broken promises

2019-09-27 10:18 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Patrick Rolfes and Ross Franklin, two California men facing a lawsuit from Pivot Pharmaceuticals Inc. over control of a powderized cannabis business, claim that Pivot obtained the business from them using fraudulent means. The company falsely told them that it would be trading on the "prestigious" Toronto Stock Exchange, the men say. They also claim that the man they negotiated with was Charles Kamal Dass, who has a regulatory history and once faced criminal charges.

The accusations from Mr. Rolfes and Mr. Franklin come in response to a lawsuit that Pivot filed against the men in the Supreme Court of British Columbia on April 23, 2019. The company claimed that the pair had committed fraud in attempting to obtain control of Pivot's powderized cannabis business. The men had previously owned the operation, called ERS Holdings LLC, and had remained as employees. Pivot did not say exactly how the men intended to take control of ERS, only accusing the pair of making "extortionate representations" to achieve their goals.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.