Camber Energy, Inc. Investors: Company studied by the
LOS ANGELES, October 6, 2021 (GLOBE NEWSWIRE) – The Portnoy law firm informs investors of Camber Energy, Inc. (“Camber” or the “Company”) (NYSE: CEI) that the company has opened an investigation into possible securities fraud and may file a class action lawsuit on behalf of the investors.
Investors are encouraged to contact a lawyer Lesley F. Portnoy, by phone 310-692-8883 or E-mail: [email protected], to discuss their legal rights, or Click here join the case via www.portnoylaw.com. The Portnoy law firm can provide further case assessment and discuss options for investors to pursue claims to recover their losses.
The investigation focuses on whether Camber has made misleading and / or false statements and / or failed to disclose relevant information to investors. The camber is the subject of a research report released by Kerrisdale Capital on October 5, 2021. It is alleged in the report titled: “Camber Energy, Inc. (CEI): What if they made an entire company with flags red? “that the company” has not filed financial statements with the SEC since September 2020, risks having its shares delisted next month and has just fired its accounting firm in September. “Moreover, according to this report , Camber’s only real asset, a 73% stake in OTC Viking Energy Group, Inc., is in big trouble, subject to a going concern warning. The report also makes several other allegations about it. de Camber, including that its “technology license ‘ESG Clean Energy’ is a joke”, that “the most fascinating part of the CIS boondoggle actually has to do with something much more fundamental: how many stocks there are he did, and why did the dilution become uncontrollable? “And that the” market is seriously mistaken about the number of Camber shares and ignores [Camber’s] a terrifying capital structure. It is also estimated in the report that “the number of fully diluted shares is about three times the widely reported number”. Camber shares fell more than 24% in intraday trading, based on the news.
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The Portnoy law firm represents investors in the pursuit of claims arising from corporate wrongdoing. The company’s founding partner has recovered more than $ 5.5 billion for aggrieved investors. Lawyer advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
CA and NY bar admitted