Genius Group Launches Phase 2 Legal Battle Against Naked Shorts
Global Newswire – Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group announces the launch of legal action against illegal trading activities in the company’s shares.
The Company has previously disclosed that it has retained the legal teams of Christian Levine Law Group, LLC, (“Christian”) and Warshaw Burstein, LLP, (“Warshaw”), both of whom have specific expertise in stock fraud and illegal trading litigation, to investigate possible illegal market manipulation of the company’s shares.
Following analysis by the legal teams and share tracking companies ShareIntel and BuyIns.Net, the Company’s Illegal Trading Task Force has instructed Christian and Warshaw to commence legal actions where appropriate against various parties and to seek to recover liquidated damages for the cost incurred on the company.
Roger Hamilton, CEO of Genius Group, said:
“The company is currently pursuing a combination of negotiations, legal action and shareholder actions with an aim to minimize and recover the costs that illegal market manipulation has had on our share price.
These activities are ongoing. At the same time, Genius Group, it’s staff, faculty and partners remain focused at the long term success and growth of the company.
We are committed to take all necessary measures to protect ourselves and our shareholders from bad actors and will not stop until we have achieved our objectives.
We thank our shareholders for their ongoing support.”
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Roger Hamilton Shares His Story with Retail
$GNS CEO Roger Hamilton walked us through how he was able to identify naked short selling in Genius Group and shares his thoughts on why he thinks they were targeted.
“I don’t think we’re special, I personally think there’s thousands and thousands of companies out there and everyone that I’ve spoken to says the number of companies that have gone bankrupt over the last 20 years because of this is in the thousands.
We just happen to be one of the companies recently that has gone more vocal about it. At the time when Patrick Byrne was getting vocal there weren’t enough people brave enough to stand up at that point or even be aware this stuff was happening.
So, it was easy for basically the media campaign against him to say he was just a crazy guy. It’s much more difficult when you got dozens of CEOs all saying together to say they’re all crazy”, said Roger Hamilton in a space call with retail investors.
Roger Hamilton listed Genius Group as a means to provide its employees with the opportunity and right to own a part of the company they work for.
You can listen to the full interview below.
Related: $GNS, $MMTLP, Taking Regulators and Manipulation Head On
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Do you support Genius Group and other CEOs fighting naked shorts? Leave your thoughts below.
Squaring off against market manipulation is no easy feat and retail has always been on the front lines with you.
Deep pocketed support won’t show up until there are proven results.
Is this a fight that can be won and sustained?