LOS ANGELES – (BUSINESS WIRE) – Law Firms of Frank R Cruz Announces Investigation of AgEagle Aerial Systems Inc (“AgEagle” or the “Company”) (NYSE: UAVS) on behalf of investors regarding the Company’s possible violations of federal securities laws
On February 18, 2021, Bonitas Research released a report alleging, among other things, that AgEagle “was a & pump dump system orchestrated by Alpha Capital Anstalt (‘Alpha Capital’), founder of AgEagle and former chairman Bret Chilcott and other UAVS insiders to defraud US investors ”The report also alleged that“ in April 2020, the rumor of a partnership between Amazon & AgEagle was started by a promotional video uploaded to the personal website and the YouTube account of the daughter of Bret Chilcott, founder and former president of AgEagle ”, but that“ we found no evidence of a “major e-commerce customer” ” In mid-2020, AgEagle received more than $ 23 million in revenue from registered direct offers Then, in Q4 2020, an Amazon spokesperson said the company was unrelated to AgEagle
Hearing this, the company’s stock price fell sharply during intraday trading on February 18, 2021
If you have purchased AgEagle securities, have any information or would like to learn more about these claims, or if you have any questions regarding this announcement or your rights or interests in any such matters, please contact Frank R Cruz, Lawyers Lawyers of Frank R Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at info @ frankcruzlawcom, or visit our website at wwwFrankcruzlawcom If you are inquiring by e-mail, please include your mailing address, phone number and number of shares purchased
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Law Firms of Frank R Cruz Announces Investigation of AgEagle Aerial Systems Inc (UAVS) on Behalf of Investors
AgEagle Aerial Systems, NYSEAMERICAN: UAVS, Pump and Dump
Ebene News – United States – Frank R Cruz’s law firm announces investigation of AgEagle Aerial Systems Inc ( UAVS) on behalf of investors