Genius Group Announced the Initial Results of Its Shares Market Activity Investigation

Rhea-AI Summary

Genius Group Limited (AMEX:GNS) has announced initial findings of an investigation by Christian Levine Law Group and Warshaw Burstein, LLP, revealing that certain individuals or companies may have engaged in illegal stock sales to manipulate the company's share price. This scheme appears aimed at artificially depressing the stock value. Genius Group plans to pursue all available legal remedies against those responsible for the alleged manipulation, reaffirming its commitment to protecting shareholder interests and maintaining market integrity.

Positive

• The company is actively investigating stock manipulation, indicating proactive management.
• Plans to pursue legal remedies could restore investor confidence.

Negative

• Allegations of market manipulation may damage the company's reputation.
• Potential legal battles could involve significant costs and distract from business operations.

SINGAPORE--(BUSINESS WIRE)-- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announces today that the Initial results of the investigation made by Christian Levine Law Group and Warshaw Burstein, LLP, indicates that certain individuals and/or companies appear to have sold (but not delivered) a significant amount of the stock of the company, which is illegal and appears to be part of a market manipulation scheme seeking to artificially depress the price of the securities of the company.

The company will continue to investigate who is responsible for manipulating its share price and will aggressively pursue all remedies against any and all parties responsible for damaging the company.

About Genius Group

Genius Group is a world-leading entrepreneur edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial, and life skills to succeed in today’s market. The group has over 4.3 million students and users in 200 countries, offering a lifelong curriculum.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230104005443/en/

Investors:

Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions

Email: investor@geniusgroup.net

Media:

Adia PR

Email: gns@adiapr.co.uk

Source: Genius Group Limited

FAQ

What investigation is Genius Group Limited (GNS) conducting?

Genius Group is investigating allegations of illegal stock sales and market manipulation.

What are the initial findings of the GNS investigation?

The investigation suggests that certain individuals or companies sold GNS stock without delivery, indicating potential market manipulation.

How is Genius Group (GNS) responding to stock manipulation allegations?

Genius Group plans to pursue legal action against parties responsible for manipulating its share price.

What impact could the stock manipulation have on Genius Group (GNS)?

Such manipulation may harm the company's reputation and investor trust.