Canadian venture capital firm NextBlock Global has withdrawn its public listing on the Toronto Stock Exchange after misleading investors by claiming well - known industry experts were part of the advisory board when then knew nothing of the company . Lingham responded he was looking at the deck with his face and bio on it and said, "please don't lie to me." The company was seeking to raise CAD100 m ( $ 78 m ) after having already netted CAD20 m in a private offering . CEO Alex Tapscott said the company would refund investors " their capital in full " and have them participate in any profits . He added that NextBlock Global will also seek to " rebuild the trust of those we have disappointed " .
Canadian venture capital firm NextBlock Global has withdrawn its public listing on the Toronto Stock Exchange after misleading investors by claiming well - known industry experts were part of the advisory board when then knew nothing of the company . The company was seeking to raise CAD100 m ( $ 78 m ) after having already netted CAD20 m in a private offering . CEO Alex Tapscott said the company would refund investors " their capital in full " and have them participate in any profits . He added that NextBlock Global will also seek to " rebuild the trust of those we have disappointed " .