Tag: GNS Stock News

GNS CEO Shares Petition to End Naked Shorting

Naked Shorting Petition
Market News: GNS CEO shares naked shorting petition.

Genius Group (NYSEAMERICAN:GNS) CEO shared a petition to end naked shorting on Twitter.

$GNS CEO Roger Hamilton is leading a movement created by retail investors to fight naked short selling.

The CEO said on Twitter that other CEOs $NWBO, $GTII, $MICT, $COSM, $CRTD, $MMTLP, $TRCH, are taking legal action with Wes Christian, a lawyer who has been investigating stock manipulation since 2000.

Earlier this month, Global Tech Industries Group (OTCMKTS:GTII) took legal action against naked shorts.

“They’re predators. They’re doing something illegal, and we want it to stop”, says GNS CEO Roger Hamilton.

The CEO shared a petition from Change.org on Tuesday to stop illegal naked shorting.

More than 1,800 individuals have signed the petition.

Taking on Wall Street giants is going to take more than just a petition, but raising awareness is how change starts.

GNS: The Fight Against Naked Shorting

Market News: GNS CEO shares petition to end naked shorting.
Market News: GNS CEO shares petition to end naked shorting.

The Board of Directors (the “Board”) of Genius Group Limited, a leading entrepreneur edtech and education group, approved at a meeting of the Board held on Wednesday 18th January 2023, an action plan to address illegal short selling of its stock.

This action plan includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.

This Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group.

The Company has been in communication with government regulatory authorities and is sharing information with these authorities to assist them.

“It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.” – Roger Hamilton, CEO of Genius Group Limited.

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Genius Group Launches Phase 2 Legal Battle Against Naked Shorts

Genius Group Stock News Today - $GNS launches phase 2 in legal battle against naked shorts.
Genius Group Stock News Today – $GNS launches phase 2 in 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.”

Roger Hamilton Shares His Story with Retail

Roger Hamilton NYSE
Roger Hamilton at NYSE – GNS stock news today.

$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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Market News Today: Genius Group Stock News, GNS Stock News.
Market News Today: Genius Group Stock News, GNS Stock News.

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