LOS ANGELES–(BUSINESS WIRE)–$NXTTF #CLASSACTION—Glancy
Prongay & Murray LLP (“GPM”) announces an investigation on
behalf of Namaste Technologies Inc. (“Namaste” or the “Company”) (OTC: NXTTF)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
If you are a shareholder who suffered a loss, click here
The investigation concerns whether the Company’s Chief Executive Officer
made false or misleading statements to investors. On October 4, 2018,
Citron Research published an article claiming that the Company had
entered into an “undisclosed related party” transaction. The Citron
report alleged, among other issues, that Namaste’s Chief Executive
Officer had falsely “promised investors a Nasdaq listing” and had
falsely represented that Namaste had divested the Company of its U.S.
assets in a sale to an “arm’s length” purchaser, when the purchaser was
in reality a Namaste executive. On this news, shares of Namaste
fell $0.19 per share, or nearly 10.5% over the next two trading days, to
close at $1.62 on October 5, 2018, thereby injuring investors.
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If you purchased Namaste securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East,
Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to email@example.com,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.