Vision Energy Corporation Provides Update on Recent Market Activity
Rhea-AI Summary
Vision Energy Corporation (OTC PINK: VENG) announced its removal from the OTCQB Market to the Pink Market, effective January 11, 2023, due to promotional material encouraging stock trades. The company clarified that neither its management nor contracted service providers were involved in creating or disseminating this material. Vision Energy emphasizes its commitment to compliance with OTC Markets standards and urges investors to rely on official disclosures for accurate information.
Positive
- None.
Negative
- Removal from OTCQB Market to Pink Market may signal reduced investor confidence.
- Ongoing promotional issues can raise concerns about regulatory compliance and company reputation.
News Market Reaction – VENG
In the trading session that priced this news, VENG gained 11.90%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JERSEY CITY, N.J., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTC PINK:VENG) (“Vision Energy” or the “Company”) wishes to make the following statements regarding recent removal from the OTCQB Market.
On Dec. 6, 2022, the Company was informed by the OTC Markets Group Inc. (“OTC Markets”) of certain promotional material that encouraged investors to purchase or trade the Company’s common stock.
On Jan. 10, 2022, the Company was informed that, due to the ongoing promotional campaign, the Company will be moved from the OTCQB Market to the Pink Market effective Jan. 11, 2023.
As stated in the Company’s Dec. 8, 2022, news release, management conducted an inquiry based on the information provided on Dec. 6, 2022 by OTC Markets and determined that no directors, officers, control persons, controlling shareholders (defined as shareholders owning
The Company acknowledges that it has a contract with IBN (InvestorBrandNetwork) and its subsidiary InvestorWire to provide the Company with Corporate Communications including Investor Relations. IBN was not involved in the creation or dissemination, directly or indirectly, of any promotional material that OTC Markets identified for the Company. IBN is the sole third-party provider presently engaged by the Company to provide Corporate Communications Solutions along with Investor Relations & Public Relations. IBN is the sole provider contracted by the Company in the last 12 months. The Company has not engaged any other third-party advisor to provide investor relations, public relations services, marketing, or other related services, including the promotion of the Company or its securities, in the last 12 months.
The Company is and continues to be committed to compliance with OTC Markets’ policy on stock promotion and the OTCQB standards. The Company encourages those interested in the Company to rely solely on information included in press releases issued and distributed by the Company through approved news wire or disclosure and news services, combined with its filings and disclosures made with the SEC, as well as information provided through the OTC Markets and Vision websites.
About Vision Energy
Vision Energy is a forward-looking energy company developing assets and solutions for the commercial, industrial and transportation sectors. The Company leverages its proven track record in site and asset procurement, accelerating development and permitting processes, plant design and grid integration to facilitate low-carbon energy production, supply and distribution. The Company pursues reliable off-take relationships and operating partnerships with energy industry participants and end users seeking carbon abatements across feedstock and fuels. Vision Energy is committed to providing low-carbon energy solutions with the highest yield, and, where possible, projects are designed to leverage existing gas and power infrastructure to integrate and facilitate import and/or distribution of reduced-carbon energy to domestic and global supply chains.
Vision Energy
95 Christopher Columbus Drive
16th Floor
Jersey City, NJ 07302
https://www.visionenergy.com
Media Contact
IBN (InvestorBrandNetwork)
Jarrod Holland
Director of Public Relations
Direct: 910.431.3322
Jarrod@InvestorBrandNetwork.com
Investor Contact
IBN (InvestorBrandNetwork)
Scott McGowan
Director of Investor Relations
Office: 310.299.1717
ir@visionenergy.com
Forward-Looking Statements:
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “forecast,” “anticipate,” “believe,” “estimate,” “expect” and “intend,” among others. These forward-looking statements are based on current expectations, and actual results could differ materially. The Company does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof.
SOURCE: Vision Energy
Corporate Communications
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
