Business
Gopher Protocol Issues Statement About Recent Stock Trading Activity
Gopher Protocol Issues Statement About Recent Stock Trading Activity.
About this update from Gbt Technologies Inc.
[{"type":"text","content":"\n\n LOS ANGELES, CA, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Gopher Protocol Inc. (OTCQB: GOPH) (\"Gopher\" and the \"Company\"), a company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies today announced that on December 11, 2017, it was made aware by OTC Markets of promotional activities surrounding the Company's common stock. \n OTC Markets provided an example of the promotional material for reference. The activities in the example provided involved a promotional newsletter encouraging investors to place the Company's common stock on a watchlist and start researching.  Although the statements pertaining to the Company’s operations were accurate, the party that disseminated this information surrounded such statements with promotional language.  This promotional activity coincided with higher than average trading volume and fluctuations in the Company's stock price. The Company was unaware of the promotional activity until informed by OTC Markets, and is unaware of the full nature of the promotional activity, the extent of the newsletters' dissemination, or the responsible parties. The Company immediately initiated an internal investigation into this matter and made inquiries of its executive officers, directors, controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities, of which there is one) and third-party service providers.   In its investigation into this matter, the Company has made direct inquiries of its executive officers, directors, its controlling shareholders and its third-party service providers. Neither the Company, nor its executive officers, directors or, to the Company's knowledge, its controlling shareholders  have been involved in any way with the creation or distribution of promotional materials including these email newsletters. Additionally, neither the Company's executive officers, directors nor, to the knowledge of the Company, any controlling shareholders or any third party service providers, sold or purchased any material or significant amount shares of common stock of the Company within the last 90 days.  All activity in the Company’s common stock by the Company’s executive officers, directors and controlling shareholders have been disclosed by such officer,...