Creative Edge Nutrition Inc (OTCMKTS:FITX) a nutritional supplement firm working on active lifestyles issued another letter to its shareholders. The company highlighted that as many of the shareholders are aware that CEN Biotech, Inc. has witnessed tiresome attacks in last one year. Most of the recent attacks were from a Canadian newspaper, known as the Globe and Mail.
A “reporter” for the newspaper, Grant Robertson has continued a campaign of untruths and misrepresentations to attack the firm in what can only be said as an effort to destroy the Company that shareholders and management have strived to create. He has made numerous false accusations against the firm and the firm’s President Bill Chaaban. He made accusation of being involved in insider trading and a “pump and dump” scheme.
Creative Edge further stated that the reckless allegations are made without any merit and just intended to destroy the company and its value of shareholders holdings. The reporter alleged CEN Biotech management and also its affiliates of selling massive shares upon news that Health Canada rejected application even before the news was made public on March 11, 2015.
Creative Edge Nutrition Inc (OTCMKTS:FITX) added that there are numerous websites on the internet that Newspaper reporter should have explored to decide whether management actually sold shares or not. Had the reporter done the research work, he would have discovered that no affiliate of Creative Edge had submitted any 144 paperwork. Without conducting due diligence the reporter made the accusations as he didn’t bothered with what were the facts? He didn’t have any interest in the authenticity of his allegations.
Moreover, the company said that the Health Canada denied the license due to reasons unknown. It has see fit to hold the company to standards and requirements that no other firm has been subjected to. It required CEN Biotech to respond to allegations levied by a newspaper which at worst is irresponsible and at best is odd.