Blue Star Foods Corp. Engages ShareIntel to Combat Alleged Illegal Short Selling
February 01 2023 - 08:30AM
GlobeNewswire Inc.
Blue Star Foods
Corp.,
(“Blue
Star,”
the “Company,” “we,”
“our” or “us”)
(NASDAQ:
BSFC), an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS), is
pleased to announce that it has entered into a service agreement
with ShareIntel-Shareholder Intelligence Services, LLC
("ShareIntel") to assist in their efforts to combat alleged illegal
short selling activities on their stock.
ShareIntel will utilize its patented process
called DRIL-Down™ to aggregate and analyze repository data from
reporting entities, broker-dealers and shareholders, enabling Blue
Star to proactively track shareholder ownership, identify parties
to suspicious or unusual trading activity and deploy corrective
action steps to help curtail such activity.
John Keeler, Chairman and CEO of Blue Star
Foods, stated, “Based on the trading pattern of the stock, we are
concerned that our Company may have been the target of a market
manipulation scheme involving illegal short selling of our stock
over the past year, and we are committed to investigating and
exposing any wrongdoing. By leveraging ShareIntel’s patented
processes and proprietary analytics, we will be able to find
reporting anomalies among market makers, banks, broker-dealers and
clearing firms. Blue Star has formed a board committee task force
for this issue to pursue the necessary actions to protect the
interest of its shareholders.”
About Blue Star Foods
Corp.
(NASDAQ:
BSFC)
Blue Star Foods Corp. is an integrated
Environmental, Social, and Governance (ESG) sustainable seafood
company with a focus on Recirculatory Aquaculture Systems (RAS)
that processes, packages and sells high-value seafood products. The
Company believes it utilizes best-in-class technology, in both
resource sustainability management and traceability, and ecological
packaging. The Company also owns and operates the oldest
continuously operating Recirculating Aquaculture System (RAS) full
grow-out salmon farm in North America. The company is based in
Miami, Florida, and its corporate website is:
https://bluestarfoods.com
About
ShareIntel
ShareIntel-Shareholder Intelligence Services,
LLC is a patented compliance driven SAAS retained by public
companies to track shareholder ownership and monitor critical
broker-dealer and shareholder movement. DRIL-Down™ identifies
participants to potential abusive and illegal short selling
providing actionable intelligence. www.shareintel.com
Forward-Looking
Statements:
The foregoing material may contain
“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, each as amended. Forward-looking statements
include all statements that do not relate solely to historical or
current facts, including without limitation statements regarding
the Company’s product development and business prospects, and can
be identified by the use of words such as “may,” “will,” “expect,”
“project,” “estimate,” “anticipate,” “plan,” “believe,”
“potential,” “should,” “continue” or the negative versions of those
words or other comparable words. Forward-looking statements are not
guarantees of future actions or performance. These forward-looking
statements are based on information currently available to the
Company and its current plans or expectations and are subject to a
number of risks and uncertainties that could significantly affect
current plans. Risks concerning the Company’s business are
described in detail in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2021, and other periodic and current
reports filed with the Securities and Exchange Commission. The
Company is under no obligation to, and expressly disclaims any such
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor
Contacts:investors@bluestarfoods.com
Blue Star Foods (NASDAQ:BSFC)
Historical Stock Chart
From May 2023 to Jun 2023
Blue Star Foods (NASDAQ:BSFC)
Historical Stock Chart
From Jun 2022 to Jun 2023