Genius Group Said On July 21 Received A Warning Letter From NYSE Regarding Manner Of Disclosures From March 2023 Events; Said NYSE Also Raised Issue As To Implications Of A Statement Made By Company's CEO On Social Media On June 28
Portfolio Pulse from Charles Gross
Genius Group received a warning letter from the NYSE regarding its disclosure practices related to events in March 2023. The NYSE also raised concerns about a statement made by the company's CEO on social media on June 28.
July 27, 2023 | 11:13 am
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NEGATIVE IMPACT
Genius Group's stock may be negatively impacted due to the warning letter from the NYSE regarding its disclosure practices and a controversial statement made by the CEO.
The warning letter from the NYSE indicates regulatory concerns over Genius Group's disclosure practices. This could lead to a loss of investor confidence and potential regulatory penalties, which may negatively impact the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100