😢   American Resources Corporation Responds to Market Volatility | $AREC Stock News - StockTitan

Finance

American Resources (NASDAQ:AREC) has issued a statement in response to market volatility driven by false allegations about a stock issuance. The claims, circulated in online chat rooms, suggested that the company was issuing 20 million shares at 48 cents each, which the company vehemently denies. CEO Mark Jensen highlighted the damaging effects of such misinformation and announced that the company has filed a complaint with the SEC and NASDAQ to investigate these activities. He emphasized that American Resources is not raising capital at this time and is focusing on growing its business through non-dilutive capital methods. Jensen also criticized the systemic issue of naked short selling and speculative trading based on false information, calling for regulatory ...

stocktitan.net     Jun 14, 2024