The BridgeMark Group, #allsharesmatter, and the Companies Involved

Last week, the British Columbia Securities Commission (BCSC) issued a notice that caused retail traders and investors to rejoice. After months of Twitter users utilizing the #allsharesmatter tag, retail traders finally had someone fighting for their rights. The commission had finally issued a notice in relation to a group of individuals that allegedly had been abusing the consultant exemption to profit for themselves at the expense of shareholders.

#allsharesmatterCollectively known as the BridgeMark Group, it reportedly involves twenty six entities controlled by roughly twenty five individuals. In total, eleven CSE listed companies were named in the filing as well, all of which have had a temporary order placed upon them which prohibits them from issuing securities under the Consultant Exemption. Although 11 issuers were named, the notice highlights four companies in particular that they are certain abused the consultant exemption – Green 2 Blue Energy Corp, Cryptobloc Technologies Corp (formerly Global Remote Technologies), BLOK Technologies Inc, and New Point Exploration Corp.
 

How the Alleged BridgeMark Scheme Works

The BCSC also identified how the purported scheme worked, outlined as follows:

  • (a) members of the BridgeMark Group entered into agreements to provide consulting services to the Issuers,
  • (b) members of the BridgeMark Group paid for free-trading securities of the Issuers through private placements,
  • (c) the Issuers issued securities through private placements to members of the BridgeMark Group relying on the consultant exemption to the prospectus requirement in section 2.24 of National Instrument 45-106 (Consultant Exemption),
  • (d) members of the BridgeMark Group purported to be consultants under the Consultant Exemption but were not,
  • (e) the Issuers paid most of the private placement funds back to members of the BridgeMark Group and kept very little of the money raised,
  • (f) members of the BridgeMark Group sold securities of the Issuers in the market, often at prices below the private-placement acquisition cost, and
  • (g) the Issuers issued news releases informing the market they raised the full amount of the private placement when they had only retained a small portion of the funds.

Although many are excited at the proposition of these consultants getting recognized as what they really are, few understand the purpose behind this scheme in and of itself. Why would a company perform such actions, and what purpose does it serve? Essentially, it served a few purposes. Here’s a summary of the benefits we have identified:

  1.  Generated liquidity for the company,
  2.  Brought attention to the entity for retail traders,
  3.  Allowed a company to state that it’s private placements were either fully or over subscribed,
  4.  The above caused further investors to flock to the equity with a ‘bandwagon’ mentality.

The scheme itself involved both private placements as well as that of issuance of securities under the consultant exemption. In reality, it is alleged that no consultant work was actually provided by these individuals to the listed issuers. Instead, it was a means of generating liquidity on the equity and returning funds back to the entities involved.

In the case of the four aforementioned, the securities commission outlined the process slightly better in layman’s terms.

  • (a) the private placements raised a total amount of $17,927,500,
  • (b) the four Issuers paid $15,331,000 back to the BridgeMark Group,
  • (c) the BridgeMark Group sold shares of the four Issuers for $8,769,923,
  • (d) the scheme generated profits of $6,173,423 to the BridgeMark Group, and
  • (e) members of the BridgeMark Group who purchased securities from these four Issuers under the Consultant Exemption may not have been consultants under National Instrument 45-106.

In total, the Bridgemark Group was involved in private placements to the tune of over $50mm, with over 252mm securities being issued to the involved entities within the group. Here’s a nice chart outlining both the issuers involved, as well as when the raise occurred and BridgeMarks involvement. This was provided directly via the BCSC.

BridgeMark Private Placements
BridgeMark Private Placements



Who was involved in the alleged BridgeMark scheme?

However, this view is a little too high level for us. We like to get into the nitty gritty of things, so we spent our weekend compiling data which you’ll see a bit further down. First, here’s the list of “respondents” listed by the BCSC, also known as The BridgeMark Group.

  • BridgeMark Financial Corp., Jackson & Company Professional Corp., Anthony Kevin Jackson;
  • Lukor Capital Corp., Justin Edgar Liu;
  • Rockshore Advisors Ltd. (formerly known as Cam Paddock Enterprises Inc.), Cameron Robert Paddock;
  • Simran Singh Gill; JCN Capital Corp., John Rosarino Bevilacqua;
  • Essos Corporate Services Inc., Sway Capital Corp., Von Rowell Torres, David Matthew Schmidt;
  • Detona Capital Corp., Danilen Villanueva; Natasha Jon Emami;
  • Altitude Marketing Corp., Ryan Peter Venier;
  • Platinum Capital Corp., 658111 B.C. Ltd., Jason Christopher Shull;
  • Tryton Financial Corp., Abeir Haddad;
  • Tavistock Capital Corp., Robert John Lawrence;
  • Jarman Capital Inc., Scott Jason Jarman;
  • Northwest Marketing and Management Inc., Aly Babu Husein Mawji, Rufiza Babu Husein Mawji-Esmail, Denise Marie Trainor;
  • Randy White, Escher Invest SA, Hunton Advisory Ltd.;
  • Kendl Capital Limited;
  • 1153307 B.C. Ltd., Russell Grant Van Skiver;
  • Bertho Holdings Ltd., Robert William Boswell;
  • Haight-Ashbury Media Consultants Ltd., Ashkan Shahrokhi;
  • Saiya Capital Corporation, Tara Kerry Haddad; Keir Paul MacPherson;
  • Tollstam & Company Chartered Accountants, Albert Kenneth Tollstam;
  • 727 Capital, David Raymond Duggan;
  • Viral Stocks Inc.;
  • 10X Capital.

Further to that, here is the list of issuers that the BC Securities Commission has identified as being involved with this group of consultants. Please note that it appears the BCSC has only gone back as far as February in their research, so there may or may not be more issuers that were involved in the alleged scheme.

  • Cryptobloc Technologies Corp. (CSE: CRYP);
  • New Point Exploration Corp. (CSE: NP);
  • Green 2 Blue Energy Corp. (CSE: GTBE);
  • BLOK Technologies Inc. (CSE: BLK);
  • Kootenay Zinc Corp. (CSE: ZNK);
  • Affinor Growers Inc. (CSE: AFI);
  • Beleave Inc. (CSE: BE);
  • Liht Cannabis Corp. (formerly known as Marapharm Ventures Inc.) (CSE: LIHT);
  • PreveCeutical Medical Inc. (CSE: PREV);
  • Speakeasy Cannabis Club Ltd. (CSE: EASY);
  • Abattis Bioceuticals Corp. (CSE: ATT);

Before you get too excited to see the data we’ve compiled, hold up for a moment. In addition to many of these companies being involved in the alleged schemes, there are a number of companies that have the individuals listed above as either directors or executives. Based on their history, it may be telling of their qualifications as a member of management, or their motive for being in such a position. Let’s cover that first.

BridgeMark Member Management Roles

NAMEISSUERROLE
ANTHONY JACKSONSPEAKEASY CANNABIS CLUB (CSE: EASY)CFO; DIRECTOR
ANTHONY JACKSONGLOBAL UAV TECHNOLOGIESCFO
ANTHONY JACKSONGLOBAL HEALTH CLINICS (CSE: MJRX)CHAIRMAN
ANTHONY JACKSONABATTIS BIOCEUTICALSCFO
ANTHONY JACKSON NEW TECH LITHIUM (CSE: NTM)CFO
ANTHONY JACKSONKOIOS BEVEREAGE CORP (CSE: CFO; DIREFCTOR
ANTHONY JACKSONKOOTENAY ZINC CORP (CSE: ZNK)CFO; DIRECTOR
ANTHONY JACKSONMONTEGO RESOURCES (CSE: MY)CFO
ANTHONY JACKSONNAVIS RESOURCE CORP (CSE: SUV)CFO; DIRECTOR
KENNETH TOLLSTAMQUANTUM COBALT CORP (CSE: QBOT)CFO
KENNETH TOLLSTAMMONTEGO RESOURCES (CSE: MY)CEO
VON ROWELL TORRESWINSTON RESOURCES INC (CSE: WRW)DIRECTOR
VON ROWELL TORRESHADLEY MINING (CSE: HM)DIRECTOR
VON TORRESQUANTUM COBALT CORP (CSE: QBOT)DIRECTOR
VON TORRESNAVIS RESOURCE CORP (CSE: SUV)DIRECTOR

Within, you’ll see a listing of all the entities claimed to be a member of the Bridgemark Group, what companies they’ve received shares in over the last few years, and the details of those shares. Don’t be surprised when you notice several repeated names, or names that you may have previously invested in.

Please be aware that this data simply identifies shares in which members of the BridgeMark Group have obtained from the specified issuer. We are by no means claiming that the listed issuer was involved in any form of scheme. Rather, we are identifying where the entities may have performed consultation work or invested within in the past. Please be aware that this data is by no means comprehensive. We are still adding to it day by day.

Bridgemark Member Involvement

NAMEENTITYISSUERDATECONSULTANT OPTIONSPLACEMENT SHARES
JASON SHULLPLATINUM CAPITAL CORPALLIANCE GROWERS (CSE: ACG)6/5/20152,750,000
ALBERT KENNETH TOLLSTAMBELEAVE (CSE: BE)4/27/2018374,286
ANTHONY JACKSONBRIDGEMARK FINANCIALBELEAVE (CSE: BE)4/27/20181,142,858
CAM PADDOCKCAM PADDOCK ENTERPRISESBELEAVE (CSE: BE)4/27/2018571,429
DANILEN VILLANUEVADETONA CAPITAL CORPBELEAVE (CSE: BE)4/27/2018571,429
TARA HADDADSAIYA CAPITALBELEAVE (CSE: BE)4/27/2018197,143
CAM PADDOCKCAM PADDOCK ENTERPRISESCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20183,166,667
DANILEN VILLANUEVADETONA CAPITAL CORPCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20186,666,667
JASON SHULLPLATINUM CAPITAL CORPCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20181,666,667
JASON SHULL658111 BC LTDCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20181,666,667
JOHN ROSARINO BEVILACQUAJCN CAPITAL CORPCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20181,773,333
RYAN PETER VENIERALTITUDE MARKETING CORPCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20181,026,667
SIMRAN GILL-CRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/2018300,000
VON ROWELL TORRESESSOS CORPORATE SERVICESCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20187,066,667
VON ROWELL TORRES, DAVID MATTHEW SCHMIDTSWAY CAPITAL CORPCRYPTOBLOC TECHNOLOGIES (CSE: CRYP)6/5/20186,666,667
JASON SHULLPLATINUM CAPITAL CORPFAR RESOURCES (CSE: FAT)9/8/20171,000,000
ANTHONY JACKSONGLOBAL HEALTH CLINICS (CSE: MJRX)8/24/2018400,000
JUSTIN LIUGLOBAL HEALTH CLINICS (CSE: MJRX)8/24/20183,000,000
JASON SHULLPLATINUM CAPITAL CORPGLOBAL REMOTE TECHNOLOGIES (CSE: RGT)
(NOW CSE: CRYP)
11/2/2017260,000
JASON SHULLPLATINUM CAPITAL CORPGLOBAL REMOTE TECHNOLOGIES (CSE: RGT)
(NOW CSE: CRYP)
9/14/2017840,000
NORTHWEST MARKETING AND MANAGEMENTHADLEY MINING (CSE: HM)11/6/2017962,000
ANTHONY JACKSONHADLEY MINING (CSE: HM)11/6/20171,500,000
ANTHONY JACKSONBRIDGEMARK FINANCIALHADLEY MINING (CSE: HM)11/6/2017500,000
DENISE TRAINORHADLEY MINING (CSE: HM)11/6/2017500,000
JASON SHULLPLATINUM CAPITAL CORPHADLEY MINING (CSE: HM)11/6/2017100,000
JUSTIN LIUHADLEY MINING (CSE: HM)11/6/20172,000,000
RYAN VERNIERHADLEY MINING (CSE: HM)11/6/201740,000
VON TORRESHADLEY MINING (CSE: HM)11/6/20175,000
ANTHONY JACKSONBRIDGEMARK FINANCIALHIGHMARK MARKETING (CSE: HMK) (NOW CSE: LVI)5/8/2016346,500
JASON SHULLPLATINUM CAPITAL CORPICC INTERNAIONAL CANNABIS (CSE: WRLD)10/10/2018100,000
JASON SHULLPLATINUM CAPITAL CORPICC INTERNAIONAL CANNABIS (CSE: WRLD)4/5/2018160,000
DAVID RAYMOND DUGGAN727 CAPITALIMAGIN MEDICAL (CSE: IME)4/18/2018250,000
JASON SHULLPLATINUM CAPITAL CORPIMAGIN MEDICAL (CSE: IME)2/7/2018156,250
JASON SHULLPLATINUM CAPITAL CORPIMAGIN MEDICAL (CSE: IME)1/9/20181,000,000
NORTHWEST MARKETING AND MANAGEMENTKOIOS BEVERAGE CORP (CSE: KBEV)12/14/2017125,000
ANTHONY JACKSONKOIOS BEVERAGE CORP (CSE: KBEV)7/17/2017500,000
JUSTIN LIUKOIOS BEVERAGE CORP (CSE: KBEV)10/27/2017100,000
RYAN VENIERKOIOS BEVERAGE CORP (CSE: KBEV)10/27/2017125,000
SIMRAN GILL-KOIOS BEVERAGE CORP (CSE: KBEV)10/27/201725,000
VON ROWELL TORRES, DAVID MATTHEW SCHMIDTSWAY CAPITAL CORPKOIOS BEVERAGE CORP (CSE: KBEV)10/27/2017250,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)02/24/20171,000,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)03/15/20171,500,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)08/11/20172,000,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)11/24/20172,000,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)12/22/20172,000,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)1/3/20182,000,000
JASON SHULLPLATINUM CAPITAL CORPMATICA ENTERPRISES (CSE: MMJ)2/3/20182,000,000
JASON SHULLPLATINUM CAPITAL CORPNEW AGE FARM (CSE: NF)10/19/20161,400,000
JASON SHULLPLATINUM CAPITAL CORPNEW AGE FARM (CSE: NF)10/31/20161,000,000
JASON SHULLPLATINUM CAPITAL CORPNEW AGE FARM (CSE: NF)6/23/20174,500,000
JASON SHULLPLATINUM CAPITAL CORPNEW AGE FARM (CSE: NF)11/22/20161,400,000
NORTHWEST MARKETING AND MANAGEMENTNEW TECH LITHIUM (CSE: NTM)8/11/20171,200,000
ANTHONY JACKSONBRIDGEMARK CAPITALNEW TECH LITHIUM (CSE: NTM)8/11/2017100,000
JUSTIN LIUNEW TECH LITHIUM (CSE: NTM)8/11/20171,000,000
VON ROWELL TORRES, DAVID MATTHEW SCHMIDTSWAY CAPITALNEW TECH LITHIUM (CSE: NTM)8/11/2017200,000
NORTHWEST MARKETING AND MANAGEMENTSPEAKEASY CANNABIS CLUB (CSE: EASY)3/28/2018150,000
ANTHONY JACKSONSPEAKEASY CANNABIS CLUB (CSE: EASY)3/28/2018150,000361,111
DANILEN VILLANUEVASPEAKEASY CANNABIS CLUB (CSE: EASY)3/28/201835,000
JUSTIN LIUSPEAKEASY CANNABIS CLUB (CSE: EASY)3/28/2018150,000
VON TORRESSPEAKEASY CANNABIS CLUB (CSE: EASY)3/28/201875,000
JASON SHULLPLATINUM CAPITAL CORPSTINA RESOURCES LTD (CSE: SQA)10/17/2017375,000
JASON SHULLPLATINUM CAPITAL CORPSTINA RESOURCES LTD (CSE: SQA)4/24/20171,250,000
ANTHONY JACKSONSTOMBY BOT (CSE: BOT)12/21/2017105,526
ANTHONY JACKSONBRIDGEMARK ADVISORSSTOMBY BOT (CSE: BOT)12/21/201710,552,674
ANTHONY JACKSONBRIDGEMARK FINANCIALWEEKEND UNLIMITED (CSE: YOLO)12/21/20171,000,000

Later this week the above data will be reallocated to a new resource page intended to track these parties for future use by the #allsharesmatter movement. Please bare with us as we load further information into the tables above.


Information for this briefing was found via Sedar, The CSE, and The British Columbia Securities Commission. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses. 

As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.