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Golden Grail Beverages (OTC: GOGY) Addresses Alleged Promotional Activity
Golden Grail Beverages (OTC: GOGY) Addresses Alleged Promotional Activity.
About this update from Golden Grail Technology Corp
[{"type":"text","content":"\n\n\n\nGolden Grail Beverages (OTC: GOGY) Addresses Alleged 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\nGolden Grail Beverages (OTC: GOGY) Addresses Alleged Promotional Activity\nPR Newswire\nFORT LAUDERDALE, Fla., March 24, 2023\n\n\n\nFORT LAUDERDALE, Fla., March 24, 2023 /PRNewswire/ -- Golden Grail Technology doing business as Golden Grail Beverages, (OTC: GOGY), today addressed the promotional activity that caused OTC Markets to place a \"Stock Promotion Designation\" alongside the company's symbol on the OTCMarkets.com website.\nGolden Grail management and counsel have reviewed the emails published by third-parties, and each of the third parties claim they received compensation for producing and distributing the content. While the articles quote from the Company's press releases, the Company wants to reaffirm that it did not participate in the articles and was not contacted by the authors for comment.\n\"We believe that these promotion emails could be related to the naked short selling that we announced on March 7th, as bad actors look to artificially lower GOGY's stock price\" declared Golden Grail CEO Steven Hoffman.\nNaked short selling is an issue that currently plagues many OTC issuers, and negatively affects OTC investors and shareholder value. We have noticed that some of our peers are starting to take action to combat these short sellers. For example, Global Tech Industries Group (GTII) recently filed a lawsuit against multiple brokers and market makers such as Canaccord Genuity LLC, Credit Suisse Securities, (USA) LLC, Instinet LLC, Lime Trading Corporation and GTS Securities, LLC, that are allegedly engaging in this nefarious conduct (https://www.nasdaq.com/press-release/global-tech-industries-group-inc.-gets-confirmation-its-complaint-has-been-served-on).\n\"We received confirmation from some of our shareholders that the same short selling practices are happening with Golden Grail, as market makers are trading against their orders to lower our share price. Our team continues to analyze the trading of GOGY stock using multiple re...