Business
Cosmos Health Retains Christian Levine Law Group to Further Monitor Trading Irregularities
CHICAGO, IL / ACCESSWIRE / January 26, 2023 / Cosmos Health, Inc. ("the Company") (Nasdaq:COSM), a global healthcare group with proprietary lines of
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / January 26, 2023 / Cosmos Health, Inc. (\"the Company\") (Nasdaq:COSM), a global healthcare group with proprietary lines of nutraceuticals and distributor of pharmaceuticals, branded generics, OTC medications and medical devices, announces that in response to the data obtained through Shareholder Intelligence Services, it has retained services of Wes Christian of Christian Levine Law Group and Alan Pollack of Warshaw Burstein, LLP (the \"Firms\"), to help the company develop its next course of action. The Firms are premiere law firms with a strong focus in the field of naked short selling and stock manipulation.As previously announced, Cosmos management, in conjunction with its advisors, has been reviewing trading data recently received from Shareholder Intelligence Services, LLC, and will continue to do so moving forward. Based on preliminary findings, management has concluded that there is merit to pursue this matter further and will benefit from the Firms' expertise to help develop a strategy and explore all available options to protect the interests of our shareholders. Cosmos is committed to ensuring that all shareholders are treated fairly and that any instances of market manipulation are fully investigated and addressed.Greg Siokas, Chief Executive Officer of Cosmos Health stated: \"The Company places great value on its shareholders and is committed to fulfilling its fiduciary duty to ensure their protection to the fullest extent possible. Considering the review of COSM trading patterns, as well as recent developments concerning other companies facing similar issues of alleged market manipulation, the Company is closely monitoring the situation and will take all necessary actions to safeguard the interest of its shareholders. As such, the Company is pleased to announce the retention of the Firms, a leading expert in naked short selling and stock manipulation, to assist in the development of a strategy to address these issues. As previously communicated, we are excited about Cosmos' long-term prospects and our recently strengthened balance sheet allows us the ability to execute on our multi layered growth strategy which is now underway. We continue to enter into strategic agreements with partners which we expect to lead to revenue growth for many years to come. At the same time, we are taking adv...