Business
Zoompass Issues Statement About Promotional Activity Concerning Its Common Stock
Zoompass Issues Statement About Promotional Activity Concerning Its Common Stock.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n \n \n Zoompass Issues Statement About Promotional Activity Concerning Its Common Stock\n \n \nZoompass Issues Statement About Promotional Activity Concerning Its Common Stock\n \n TORONTO, ONTARIO--(Marketwired - May 9, 2017) - Zoompass Holdings Inc. (\"Zoompass\" or the \"Company\") (OTCQB:ZPAS) announces that it has been made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and potential promotional activity concerning ZPAS common stock. \n On May 8, 2017, OTC Markets informed the Company that it became aware of a promotional newsletter touting the Company and encouraging investors to purchase the Company's common stock. The Company is unaware of the effect on the trading activity, if any, as the Company had previously issued over the preceding several weeks press releases and SEC reports outlining, among other things, more complete and robust descriptions of the Company's business and opportunities, the entry into certain agreements in furtherance of the Company's disclosed business plans, and consummation of private placements with respect to the sale of non-registered shares in the common stock of the Company necessary to effect the business plan. During which time the Company's common stock, and volume of trading, rose at a steady and robust rate. Following the Company's forward stock split approved in mid-February of this year, the public announcements thereof shortly thereafter, and DWAC approval from the DTC in the middle of March, the Company's stock began trading actively in late-March. The Company is unaware of the full nature and content of the promotional newsletter and any related promotional activity, the responsible parties and the extent of the email newsletters' dissemination. \n The Company is not aware of the promotional materials' author or its affiliated entities or persons, other than the identifying information disclosed in the newsletter. The Company's recent press releases have reported on and provided disclosure of legitimate and ongoing corporate activity only, and are not part of any promotional activities or campaign. \"While we support the rights of investors and market participants to publicly comment on our stock and the market generally, the Company encourages those interested in the Company to rely solely on information included in its press releases combin...