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DOCASA, Inc. Comments on Recent Unrelated Promotional Activity
DOCASA, Inc. Comments on Recent Unrelated Promotional Activity.
About this update from Coffee Inc.
[{"type":"text","content":"\n\n\n\nDOCASA, Inc. Comments on Recent Unrelated Promotional Activity\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDOCASA, Inc. Comments on Recent Unrelated Promotional Activity\nPR Newswire\nSCHAUMBURG, Ill., July 18, 2018\n\n\n\nSCHAUMBURG, Ill., July 18, 2018 /PRNewswire/ -- DOCASA, Inc. (OTCQB: DCSA) was been notified by OTCMarkets on July 17, 2018 regarding certain stock promotion that was performed relating to the Company.  This press release is intended to comment on the inquiry by OTCMarkets.\n\nTo date, the Company's last press release and/or information disclosed to the public, with exception to the Form 8-K, the Form 10-Q and the Form 10-K, was in August 2017.  The Company has no involvement with any stock promotion performed by third parties.  The Company, including management, was unaware of the stock promotion until notified by OTCMarkets on or about July 5, 2018.\n\nThe Company's common stock, as traded, until July 5, 2018 (from September 1, 2016 when the reverse merger occurred, and current management was appointed), traded only approximately 748,611 shares of common stock over 462 trading days, or approximately 1,620 shares of common stock per day.  Of the approximately 748,611 shares of common stock traded, approximately 108,342 (or 14.5%) shares were traded in a three-day period (August 29 – 31, 2017).  Beginning on July 5, 2018, the common stock of the Company began trading at higher levels without any inducement by the Company and/or its officers or directors.  The total for July 5, 2018 through July 17, 2018 was 826,708 shares of common stock, or approximately 91,857 shares per day, which is approximately 56.7 times higher than the historical trading.\n\nThe Company was initially notified by OTCMarkets about the stock promotion performed by an unrelated third party.  According to the copy of the stock promotion provided for review by OTCMarkets to the Company, the web site releasing the stock promotion was www.thewolfofpennystocks.com.  The Company has reviewed the release and determined that th...