LOS ANGELES–(BUSINESS WIRE)–$PCLOF #classaction—The Law Offices of Frank R. Cruz announces an investigation on behalf of PharmaCielo Ltd. (“PharmaCielo” or “the Company”) (OTC: PCLOF) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On March 2, 2020, Hindenburg Research published a report, alleging, among other things, that PharmaCielo’s “key operating property in Rionegro, Colombia” was sold “at a massive markup, allowing insiders to enrich themselves by an estimated $5.35 million.” The report also the Company’s purported greenhouse facilities on newly purchased land is “nothing more than an empty field covered in weeds.”
On this news, the Company’s share price fell $0.4579 per share, or over 32%, to close at $0.9621 per share on March 2, 2020, thereby injuring investors.
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If you purchased PharmaCielo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
