Golden Grail Technology (OTC: GOGY) Announcing that it is taking action to combat naked short selling, possible illegal trading behavior and market manipulation

Rhea-AI Summary

Golden Grail Technology (OTC: GOGY) announced its proactive measures to combat potential short selling and protect shareholder interests. Following unusual trading activity on February 23, the company is investigating alleged illegal trading practices that impact small-cap companies. CEO Steven Hoffman stated the need for unity among small-cap firms facing similar challenges. Golden Grail, known for its beverage portfolio, aims to innovate and grow through strategic investments in brands with proven sales records. The press release underscores the company's commitment to safeguarding shareholder value against market manipulation.

Positive

• Active measures taken to combat short selling.
• Commitment to protect shareholder interests.
• Strategic focus on innovative beverage brands with proven sales.

Negative

• Allegations of illegal short selling and market manipulation could indicate underlying market vulnerabilities.

FORT LAUDERDALE, Fla., March 7, 2023 /PRNewswire/ -- Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing announced that it is taking all available avenues to combat potential short selling of the Company's stock and protect the interest of its shareholders.

The company has been conducting in depth investigation of recent unusual trading activity including Thursday February 23^rd'high volume activity, and the Company has taken, and intends to take, certain actions in an attempt to protect the interests of our shareholders. A growing number of small-cap companies have announced that they are investigating alleged illegal short selling.

"We are joining the fight with other small-cap issuers such as Clean Vision Corporation, Camber Energy, Genius Group, and Creatd. This is an industry wide issue that is eroding shareholder value. Golden Grail vows to fight for our shareholders and asks for their support during these challenging times," said Steven Hoffman, Golden Grail CEO.

Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands with a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging and growing beverage categories. Our robust product offerings include Sway Energy Drink, Spider Energy Drink, Trevi Fruit Essence Water, Tickle Water, Sketch Can for Tweens, Cause Water & KOZ Water helping reduce global plastic pollution and Scorpion Energy Hemp/CBD. 

Contact info:
https://goldengrailtech.com/
https://www.facebook.com/GoldenGrailTechBeverages
https://www.instagram.com/goldengrailtechbeverages/
https://twitter.com/golden_grail

Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition. Also, it includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Golden Grail Technology Corp

FAQ

What action is Golden Grail Technology (GOGY) taking against short selling?

Golden Grail Technology is investigating unusual trading activity and implementing measures to combat potential short selling to protect shareholders.

When did the unusual trading activity affecting GOGY occur?

The unusual trading activity occurred on February 23, 2023.

Who is the CEO of Golden Grail Technology?

The CEO of Golden Grail Technology is Steven Hoffman.

How is Golden Grail Technology addressing market manipulation?

The company is joining other small-cap issuers to address and investigate alleged illegal short selling and market manipulation.

What is the mission of Golden Grail Technology?

Golden Grail Technology aims to innovate and build its beverage portfolio through fiscally responsible investments in brands with a loyal consumer base.