SMX International Legal Prosecuting Task Force To Take Further Action On Illegal Shorts And Spoofing
Portfolio Pulse from Happy Mohamed
SMX Public Limited Company (NASDAQ:SMX) (NASDAQ:SMXWW) has been working with law firm Seiden Law LLP and retired senior FBI official Joshua Skule to address alleged naked short selling activity. The task force has been coordinating with NASDAQ and FINRA to ensure the integrity in the trading of its shares and build shareholder value.
August 08, 2023 | 12:35 pm
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NEUTRAL IMPACT
SMX is actively addressing alleged illegal short selling activity, which could potentially stabilize its stock price.
The company's active measures against alleged illegal short selling activity could potentially stabilize its stock price in the short term. However, the outcome of these measures is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
As a warrant of SMX, SMXWW could also be affected by the company's actions against alleged illegal short selling activity.
As a warrant of SMX, SMXWW could also be affected by the company's actions against alleged illegal short selling activity. The outcome of these measures is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80