RE:RE:Facedrive Reportedly Mulls Filing For Bankruptcy Under CCAAIt seems Mr. Khan issued a fake letter to indicate that the Facedrive will be out of business. Share price went down to below $1.00. Now it's close to $4.00.share.
This seems planned news release to create a panic and people sold their share low and now the management and Khan is buying share at low price.
I am not sure why the regulator does not investigate Mr. Khan and Facedrive Management.