Business
Natural Health Farm Holdings, Inc. Issues Statement About Recent Promotional Activity Concerning Its Common Stock Pursuant To OTC Markets' Request
Natural Health Farm Holdings, Inc. Issues Statement About Recent Promotional Activity Concerning Its Common Stock Pursuant To OTC Markets' Request.
About this update from Natural Health Farm Holdings Inc
[{"type":"text","content":"Las Vegas, Nevada, March 26, 2019 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”), a nutraceuticals biotechnology company was notified by OTC Markets (“OTC”) of recent trading and promotional activity concerning NHEL common stock. The Company has been informed that the higher-than-average trading volume in the Company's stock may be the result of unauthorized promotional activity. The Company has also been informed that the promotion consists of telephone calls operated by anonymous entities which encourage investors to purchase NHEL shares. OTC has named two possible operators of the promotional activity are entities conducting business under the names Traders Group Online and Equity Traders.The Company had no knowledge of the subject promotional campaign until notified by OTC and shares OTC’s opinion that such activities are of concern and need to be addressed immediately, and in that regard, the Company is working diligently to do so. After receiving the OTC notice, the Company conducted an inquiry of the Company’s management, directors and control persons in an effort to determine whether these Company insiders are or have been involved in the stock promotion in any way or have sold or purchased the Company’s securities within a 90-day period leading up to, during, and after the promotional activity. No insiders have been found to be selling any of the NHEL shares over the last 90 days.NHEL hereby states that the Company, its officers, directors and, to the Company's knowledge, its controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of the any promotional materials; and that the neither the Company, its officers, directors, nor, to the knowledge of the Company, any controlling shareholders, have sold or purchased any shares in the open market within the past 90 days..The Company has no agreements with any entity to make promotional telephone calls to our shareholders. Other than LiveCall IR, who assist the Company with drafting press releases, the Company does not have, and has never had any service providers who provide IR services, public relations services, paid promotion, marketing or o...