Category Archives: Stocks & Trading

Axiom Holdings, Inc. (AIOM: Grey Market) | Block & Leviton LLP Announces Class Action Lawsuit Against Axiom Holdings, Inc. (AIOM) And Encourages Shareholders To Contact The Firm

BOSTON, June 23, 2017 /PRNewswire/ — Block Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a class action lawsuit has been filed against Axiom Holdings, Inc. (“Axiom” or the “Company”) (OTCQB: AIOM) and certain of its officers and directors for violations of the federal securities laws.

Investors who purchased or otherwise acquired Axiom securities between October 14, 2016 and June 19, 2017 (the “Class Period”) must move the Court no later than August 21, 2017 to serve as lead plaintiff in this action.

If you wish to become involved in the litigation or have questions about your legal rights, please contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/axiom

On June 19, 2017, Axiom disclosed that it had received a subpoena from the Securities and Exchange Commission (“SEC”) apparently regarding the propriety of the Company’s December 2016 share exchange with CJC Holdings, Ltd., (“CJC”) under which Axiom acquired all of CJC’s outstanding shares. Specifically, Axiom disclosed the purported CEO of CJC, who signed the share exchange agreement in December 2016, had actually resigned from that role a month earlier.

On this news, Axiom’s stock fell nearly 22%, causing millions in losses to shareholders.

According to the Complaint, throughout the Class Period, Axiom Holdings made false and misleading statements and/or failed to disclose that the Company lacked control over the merger process sufficient to ensure that the share exchange agreement with CJC would be completed; that the agreement with CJC was never completed; that Axiom Holdings’ issuance of shares to the CJC Shareholders was thus improper; and as a result, the Company’s public statements were materially false and misleading at all relevant times.

As a member of the class, you may seek to file a motion to serve as a lead plaintiff by August 21, 2017, or take no action and remain an absent class member. Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block Leviton LLP is a Boston-based law firm representing investors nationwide. The firm’s lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block Leviton’s investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/block–leviton-llp-announces-class-action-lawsuit-against-axiom-holdings-inc-aiom-and-encourages-shareholders-to-contact-the-firm-300479170.html

SOURCE Block Leviton LLP

Article source: http://www.otcmarkets.com/stock/AIOM/news?id=162976

Lomiko Metals Inc. (LMRMF: OTCQB) | LOMIKIO ANNOUNCES $ 1.2 MILLION FLOW THROUGH AND HARD DOLLAR UNIT OFFERINGS

LOMIKIO ANNOUNCES $ 1.2 MILLION FLOW THROUGH AND HARD DOLLAR UNIT OFFERINGS

Jun 23, 2017

OTC Disclosure News Service

Surrey, BC, Canada

This release includes additional documents. Select the link(s) below to view.

LMR NR FT and HD PrivatePlacement 06-23-2017.pdf

Copyright © 2017 OTC Markets. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/LMRMF/news?id=162977

Zoompass Holdings, Inc. (ZPAS: OTC Pink Current) | IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Zoompass Holdings, Inc. and Reminds Investors with Losses to Contact the Firm

IRVINE, Calif., June 23, 2017 (GLOBE NEWSWIRE) — Khang Khang LLP (the “Firm”) announces a securities class action lawsuit against Zoompass Holdings, Inc. (“Zoompass” or the “Company”) (Other OTC: ZPAS). Investors who purchased or otherwise acquired shares from April 24, 2017 through May 24, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the July 31, 2017 lead plaintiff motion deadline.

If you purchased Zoompass shares during the Class Period, please contact Joon M. Khang, Esq., of Khang Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, Zoompass made false and/or misleading statements and/or failed to disclose: that the Company unlawfully engaged in a scheme to promote its stock; that the discovery of the foregoing conduct would subject Zoompass to heightened regulatory scrutiny and potential criminal sanctions; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On May 9, 2017, Zoompass revealed that it had been “made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and potential promotional activity.” On May 25, 2017, Seeking Alpha reported that Zoompass had erroneously denied its involvement with a scheme designed to promote its stock and purposely conceal that the Company’s CEO was involved in a pump-and-dump scheme. When this news was announced, Zoompass shares decreased in value, which caused investors harm according to the Complaint.

If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

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Article source: http://www.otcmarkets.com/stock/ZPAS/news?id=162978

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