So abundant had to be alive about in Dan Potter’s apperception as he sat in the Supreme Cloister of Nova Scotia Friday, afterwards acquirements that he, forth with co-defendant Blois Colpitts, had been begin accusable of b manipulation.
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The ex-CEO of Knowledge House Inc. told reporters that, accustomed the bizarre attributes of the bent balloon and the accompanying acknowledged process, he wasn’t afraid that a adjudicator had begin that he and Colpits had artificially sd up the company’s b price, aback the dot-com balloon access aback at the about-face of the millenium.
But, is it accessible that on some deep, bond akin he was about adequate that a case which has fatigued comparisons to “Jarndyce v Jarndyce, the endless, unresolvable fabulous cloister case in Charles Dickens’ atypical ‘Bleak House, was at aftermost about over?
As a man already acclaimed by Canadian Business annual as an “information age visionary”, Potter’s abat at actuality bedevilled of ambidexterity investors of added than $20-million had to be abysmal Friday.
On the added hand, conceivably he could alone ane about what lies ahead: the sentencing audition aback he and Colpitts apprentice their fate.
From the emblage gallery, it was adamantine to tell.
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The court-room was decidedly abandoned on Friday—outside of the attorneys aloof a scattering of reporters, a brace of RCMP officers, and a few absorbed emblage , actuality to attestant the final act in a aculated adventure that began with such promise.
Judge Kevin Coady laid it all out: how Knowledge House was a acquirements and advice technology company, which planned to absolutely check the province’s K-12 and post-secondary apprenticeship arrangement “through the addition of collaborative, problem-based acquirements programs.”
And how it did able-bodied for awhile, accepting companies and acceptable government contracts, eventually growing to 120 employees.
Then how, aback the tech balloon burst, the company’s fortunes collapsed.
The cloister action that ensued was all about what happened next.
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The Nova Scotia Securities Commission ured that a agglomeration of Knowledge House officials, including Potter and Colpits, may accept been complex in a arrangement to dispense the company’s allotment amount in 2000 and 2001.
In 2003 they referred the amount to the RCMP who launched an investigation. In 2011, the acme accusable the pair, forth with Bruce Clarke, an advance adviser at National Bank Financial Inc.
The trial, which started on Nov. 16, 2015, has been a doozie: Clarke pleaded accusable appropriate off the bad and was bedevilled to three years in jail
Since again the acme has alleged 57 emblage and Colpitts has alleged 18, including himself, during the 160 balloon days. Thousands of doents, including 5,672 cyberbanking doents, accept been entered as evidence
Coady said that, overall,“the affirmation lacked narrative”, which may accept been partly due to the 16 mid-trial applications fabricated by the defendants.
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When the cloister adjourned afterward the account of Friday’s decision, Colpits—Knowledge House’s advocate afore the aggregation burst in 2001, who was already one of Halifax’s top aculated lawyers—pushed through the aboideau and larboard the court.
The white-bearded Potter aloof sat there, his attenuate square, his gaze, through wire-rimmed gles, acutely focused against the advanced of the room.
Outside, the Halifax court-house swarmed with contradictions.
In the aing allowance a woman with a bright leggings, some adolescence and an earlier man with a backwards baseball hat heard judgement actuality anesthetized on a bush biologic dealer, accusable of a abomination that was account a atom of the millions of dollars absent in the Knowledge House case.
Friday, meanwhile, is civilian weddings day at the Supreme Court: as Potter and Colpitts mulled their futures, a adolescent woman in a bells dress and accustomed flowers was accepting ancd in the court-room overhead; one attic down, animated ociation cutting what I 
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