AUVI..... early a.m runner on...what else ?They're all doing this now...... I hope it takes care of a major issue !!!
But then again..... doesn't it go hand in hand.... The Stock market & Lawyers ??
Applied UV, Inc. Retains Legal Counsel to Investigate Potential Illegal Naked Short Selling
2023-01-27 04:00 ET - News Release
MOUNT VERNON, N.Y. -- (Business Wire)
Applied UV, Inc. (Nasdaq CM: AUVI) (“Applied UV” or the “Company”), a global technology leader that applies the power of narrow-range ultraviolet light (“UVC”) and catalytic bioconversion technology for air purification, today announced that it has engaged the services of Herrick, Feinstein LLP to investigate potential illegal short selling of the Company’s stock.
Applied UV has reason to believe that market participants may have engaged in illegal short selling practices, which could adversely impact the market integrity of the Company’s stock. “We are concerned that there may have been certain illegal activities with respect to the trading of our securities, which we cannot tolerate,” said Max Munn, CEO of Applied UV, Inc. “Accordingly, on behalf of the Company, we have engaged outside counsel to aggressively investigate these activities and take whatever steps that are appropriate to protect the Company and its shareholders.”
Herrick Feinstein’s efforts will be led by Mr. Howard Elisofon, a nationally renowned litigator. Mr. Elisofon is a former SEC Trial Attorney and the current Co-Chair of Herrick’s Securities Law & Enforcement Practice.
Follow us on Twitter