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Mangoceuticals, Inc. Retains ShareIntel - Shareholder Intelligence Services
Strengthens Measures to Protect Shareholder Interests through ShareIntel's DRIL-DownTM process.DALLAS, TX / ACCESSWIRE / March 30, 2023 / Mangoceuticals, Inc.
About this update from Mangoceuticals, Inc.
[{"type":"text","content":"Strengthens Measures to Protect Shareholder Interests through ShareIntel's DRIL-DownTM process.DALLAS, TX / ACCESSWIRE / March 30, 2023 / Mangoceuticals, Inc. (\"MangoRx\" or the \"Company\"), a company focused on developing, marketing and selling a variety of men's health and wellness products via a secure telemedicine platform, including its uniquely formulated erectile dysfunction (ED) drug branded \"Mango,\" today announced that it has retained Shareholder Intelligence Services, LLC (\"ShareIntel\") for a 12-month, full-service agreement to review the trading of the Company's common stock to track, identify and monitor for potential illegal short selling activities and deploy solutions to help combat any such activities.ShareIntel aggregates and analyzes shareholder trading data through its DRIL-DownTM process, a compliance driven Software-as-a-Service \"SaaS\" platform that examines equity flows and reveals suspicious, aberrant, and/or unusual trading activity. The tool aims to help management to identify, interpret and communicate shareholder and broker-dealer movement to the market.The Company is concerned that it may have been the target of a market manipulation scheme involving illegal short selling based on the recent trading pattern of the stock. The Company is committed to taking all necessary actions to protect the interests of its shareholders and will continue to work with ShareIntel and other partners to combat potential manipulative and egregious illegal short selling and trading activities to help ensure fair market conditions.About Shareholder Intelligence Services, LLCShareholder Intelligence Services, LLC, or ShareIntel, is a compliance driven Software-as-a-Service (\"SAAS\") provider, retained by public companies to track shareholder ownership, monitor critical broker-dealer and shareholder movement. This process is managed through a proprietary patented web-based application known as the \"Data Repository Information Link\" system, DRIL-DownTM. The ShareIntel solution empowers public companies with unique analytical tools and provides actionable analytic metrics to help identify abusive short selling, coordinate and monitor for regulatory compliance and provide solutions to help facilitate investor relations, shareholder outreach and more. www.shareintel.com.About Mangoceuticals, Inc.Mangoceuticals, Inc. i...