Clean Enviro Tech (OTCBB: CETC / Berlin & Stuttgart: A1KB22, ISIN: US18452C1080, SYMBOL: SO3A) Updates on Trading at the Germ...
June 27 2013 - 12:54PM
Marketwired
Clean Enviro Tech Corp. (OTCBB: CETC) (BERLIN: A1KB22) (ISIN:
US18452C1080) (SYMBOL:S03A.be and S03A.sg)
(www.cleanenvirotech.com) (www.cleanenvirotech.de) an emerging
leader in the development and marketing of next generation
lithium-ion powered batteries worldwide and a leading developer of
residential, Solar Concentrating, Electric Power Generation Systems
able to produce in excess of 2,000 WATTS (2 Kilowatts (kw)) of
electric power, with zero emissions using sunlight as the only
fuel, wishes to announce the following update on trading of its
Common Stock at German stock exchanges.
The Company's Common Stock was listed for trading in Germany
without the Company's knowledge. As of June 25, 2013 the Company
shares can only be traded between 3:30 pm and 8 pm CET by the
Berlin Stock Exchange and there will be only one trade per day by
the Stuttgart Stock Exchange.
Statement regarding the alleged sending of spam e-mails: Clean
Enviro Tech Corp. has neither commissioned nor has it sent
potential spam e-mails. The Company denies any responsibility for
these releases.
Due to the increased demand and the sharp rise in price of the
stock in recent weeks, some market participants have speculated
with proven short sales on falling prices with the intention to
cover these short positions at lower share prices. We would not
rule out that market participants are trying to manipulate the
stock price by illegal actions in order to achieve lower share
prices. The trading restriction has to be viewed in regards to
these potential activities.
The Company is only able to state facts that it is aware of and
wishes to point out the following:
According to the Depository Trust Company (DTC), which is the
U.S. clearinghouse, the total number of shares reported on deposit
at DTC in the DTC report of June 21, 2013 was 3,596,917 shares.
This means that the total number of shares available for trading
between US and German markets is 3,596,917 shares. From June 17,
2013 to June 20, 2013 (4 trading days) a total of 5,535,201 shares
traded on the stock exchanges in Berlin and Stuttgart. The Company
is curious and hopes that the German authorities would look into
how the German market makers were able to trade 5.5 million shares
in 4 days with only 3.6 million shares available for public
trading. It would also shed light on the restrictions on trading by
the Berlin Stock Exchange and the Stuttgart Stock Exchange,
negative spam emails and a short selling campaign.
Clean Enviro Tech Corp. is currently investigating the alleged
sender of the spam e-mails and is considering legal action.
FORWARD-LOOKING STATEMENT: This press release may include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are based on the Company's current
expectations as to future events. However, the forward-looking
events and circumstances discussed in this press release might not
occur, and actual results could differ.
CONTACT INFORMATION: About Clean Enviro Tech:
www.cleanenvirotech.com www.cleanenvirotech.de For further
information: info@cleanenvirotech.com