Business
ProtoKinetix Discusses Investor Awareness Campaign and Recent Market Activity
ProtoKinetix Discusses Investor Awareness Campaign and Recent Market Activity.
About this update from Protokinetix, Inc.
[{"type":"text","content":"\n \n ProtoKinetix, Incorporated (www.protokinetix.com) \n (the “Company” or “ProtoKinetix”) (OTCQB: PKTX) \n has been requested by OTC Markets Group to comment on certain recent \n promotional activity encouraging investors to purchase the Company’s \n common shares. The Company first became aware of certain promotional \n third-party newsletter activities from OTC Markets Group on May 2, 2019.\n \n \n Effective May 1, 2019 the Company engaged two investor relations groups \n to launch a marketing campaign, Burdell Partners LLC and Murdock Capital \n Partners Corp. The campaign was designed to bring the awareness of the \n investment community to the Company’s progress and continued successes \n in multiple health related studies and clinical trials.\n \n \n Trading volumes of the Company’s common stock on the OTCQB began to \n increase on or about May 1, 2019. The Company attributes the increase to \n a number of factors, including the marketing campaign that began in \n early May, a \n Company press release dated April 23, 2019 which announced phase 3 of \n testing using AAGP® in retinal cell replacement therapy at the \n University of British Columbia, and downstream circulation of \n marketing collateral such as the promotional materials you referenced in \n your letter to the Company.\n \n \n After inquiry of management, the directors and control persons, its \n officers, directors, and any controlling shareholders the Company \n confirms that none of the foregoing were involved with the creation or \n distribution of the promotional third-party newsletter materials, and \n did not have editorial control over such content, such as to the factual \n aspects about the Company’s operations and activities. The Company \n confirmed with Burdell Partners LLC and Murdock Capital Partners Corp. \n that they were not involved with the newsletter materials and were only \n recently engaged by the Company.\n \n \n Based on the filings with the SEC and after inquiry of management, \n directors, officers, control persons and any third-party service \n providers, in the last 90 days the Company’s President and Chief \n Executive Officer purchased the Company’s securities on the open market \n and pursuant to a private placement, and the Company’s Chief Financial \n O...