Short Sellers Attack FIZZ With False Report
September 28 2016 - 3:39PM
Business Wire
National Beverage Corp. (NASDAQ: FIZZ) today issued the
following statement in response to market activity in its common
stock.
A false and defamatory “research report” was published today by
Glaucus Research Group (whose actions relative to other alleged
manipulations can be found on the following site
http://www.ipetitions.com/petition/open-letter-to-the-sec-to-regulate-market-manipula).
We believe that this “report” was intended to severely manipulate
our stock price downward in support of short sellers, whose short
position has dramatically increased over recent weeks. The
allegations in this “report” are untrue and are based on
allegations made in a complaint for the purpose of extorting money
from the company. That action was dismissed as being without
foundation and the complaint was found to be based on lies.
Having failed in that effort, the plaintiff and others associated
with him, in violation of both confidentiality agreements and court
orders, shared his false allegations with short sellers and their
co-conspirators.
Shareholders are cautioned against reacting to the false
statements being made. Our financial statements have been
and are routinely audited; and we reiterate that we stand behind
the integrity of our financial statements and SEC filings.
Our team, our products and our future continue on course in an
exemplary fashion. The increased volume of our sales and operating
performance will translate into excellent earnings and cash flow to
the benefit of our shareholders.
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such factors include items and risk factors described in the
Company's Securities and Exchange Commission filings. The Company
disclaims an obligation to update any such factors or to publicly
announce the results of any revisions to any forward-looking
statements contained herein to reflect future events or
developments.
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version on businesswire.com: http://www.businesswire.com/news/home/20160928006426/en/
National Beverage Corp.Grace Keene, 877-NBC-FIZZOffice of the
Chairman
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