Milan Saha, Esq., Outside General Counsel for PENNEXX has Made a Statement About the Company
February 07 2020 - 2:16PM
InvestorsHub NewsWire
Palm Harbor, FL -- February 7, 2020 -- InvestorsHub NewsWire --
Milan Saha, Esq., PENNEXX’s outside counsel, has issued a statement
which can be downloaded at http://www.pennexx.net/200207MilanSaha.pdf.
This statement is in response to allegations made against the
company.
The statement explains that due to the importance of accurate
information about a company whose stock is publicly traded, Mr.
Saha would like to clarify misinformation made by anonymous
sources.
In his statement he says, “After again reviewing the company’s
conduct including all of its news releases, I see no violations of
securities law or fraud by the company in any of the reporting of
material information to the public.”
He also goes on to say, “The company is reporting properly
providing adequate current information as I stated in my published
attorney letter and I ensure that it continues to do so.”
Furthermore, he states, “The most critical of the
allegations made against the company is that it still does not have
any real assets or business, and that the information published
about the company is merely an attempt to ‘pump’ the stock so
certain holders of it can ‘dump’ it later. I can categorically deny
this allegation as being untrue. The company is now operating a
real business with real technology with commercial
applications.”
About Pennexx Foods Inc. (PNNX:
OTCMKTS US). Pennexx, through its wholly owned subsidiaries, is
a holding company within the Software/Internet Industry that is
focused on social media, prepaid debit cards, BitGift TM,
artificial intelligence, targeted marketing and consumer
rewards.
Safe Harbor Act: This release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or
"planned," "will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks identified in a company's annual
report.
For additional information, visit our website at www.Pennexx.net or call
866-928-6409. We are also on Twitter @Pennexx.
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