Business
InnerScope Hearing Technologies, Inc. Issued statement About Promotional Activity Concerning Its Common Stock
InnerScope Hearing Technologies, Inc. Issued statement About Promotional Activity Concerning Its Common Stock.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\n\n\n\nInnerScope Hearing Technologies, Inc. Issued statement About Promotional Activity Concerning Its Common Stock\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\nInnerScope Hearing Technologies, Inc. Issued statement About Promotional Activity Concerning Its Common Stock\nPR Newswire\nROSEVILLE, Calif., Dec. 7, 2017\n\n\n\nROSEVILLE, Calif., Dec. 7, 2017 /PRNewswire/ -- InnerScope Hearing Technologies Inc. (OTCQB \"INND\"), (the \"Company\" or \"InnerScope\") announced today that it has been made aware of and requested by the OTC Markets Group, Inc. (\"OTC Markets\") to comment on recent trading and promotional activity concerning its common stock.\n\nOn December 5, 2017, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common stock. OTC Markets informed the Company that it had become aware of promotional literature encouraging investors to purchase the Company's common stock. The Company has been informed that this promotional activity coincided with higher than average trading volume in the Company's stock. The Company was unaware of the promotional activity until informed by OTC Markets on December 5, 2017, and is unaware of the identity and scope of these efforts by unaffiliated third parties. The Company is not aware of the extent of the promotional activity or the extent of its dissemination. \n\nThe Company was, and is not aware of the effect of the unauthorized promotional activities, if any, on the trading activity of InnerScope's common stock. The Company has previously issued over the preceding several weeks press releases and reports regarding the opening of its e-commerce store and its name change. The Company was also featured in the magazine \"The Hearing Review.\" Additionally, the Company also believed that any increase in trading activity was the result of the Company hiring a third party, CorporateAds.com, to produce a flyer highlighting the various avenues for revenue generation being pursued by the Company. This flyer contained only content from Company press releases, however,...