Full Alliance Group, Inc. Response To Stock Promotion Flag From OTC Markets
Rhea-AI Summary
Full Alliance Group, Inc. (OTCPK: "FAGI") announced on March 1, 2023, that a promotion flag was issued on its trading profile due to unauthorized promotion. On February 27, 2023, FAGI requested the removal of this flag, clarifying that neither the company nor its officers were involved in any paid promotions. OTC Markets informed FAGI that the flag remains for 15 days post the last promotional material distribution. The unauthorized promotional activities stemmed from a third-party commercial advertisement company that acted independently and without FAGI's consent, particularly regarding a blog discussing the recent merger.
Positive
- None.
Negative
- The stock promotion flag may create a perception of irregular activity surrounding FAGI, potentially harming investor confidence.
- Unauthorized promotional content may lead to regulatory scrutiny or reputational damage.
News Market Reaction – FAGI
In the trading session that priced this news, FAGI declined 6.43%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PALM DESERT, CA / ACCESSWIRE / March 1, 2023 / Full Alliance Group, Inc. (OTCPK: "FAGI")
On February 27, 2023, a promotion flag was issued on Full Alliance Group, Inc. trading on the OTC Markets under the ticker symbol "FAGI". FAGI immediately contacted the OTC Markets and requested that the Stock Promotion Flag be removed, as neither the Company, nor any of its Directors, Officers and/or any of its affiliated management or consultants have engaged in any paid promotion.
The Company was advised, as per their policy, that OTC Markets places flags on companies' profiles even in cases where an issuer may not be directly involved or even aware of a promotion campaign for their securities, and that the promotion flag remains on a security for 15 days after the last promotional material is distributed.
The Company has been advised that a third party commercial advertisement company has sent an email and placed information about FAGI on a blog discussing analytics and forecasts regarding its recent merger. None of this content was approved by FAGI, nor has FAGI engaged this company for any paid promotion, they acted independently.
Full Alliance Group Inc. Investor Relations
Contact:
Ryan Gresham CEO or William Heneghan COO, Full Alliance Group, Inc.
Email: ir@fullalliance-group.com
Phone: (800) 895-4415
Forward-Looking Statements
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: "expect," "goals," "could," "plans," "believe," "continue," "may," "will," and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, ability to raise sufficient operating capital, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.
SOURCE: Full Alliance Group, Inc.
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