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SAN DIEGO, Feb. 18, 2021 /PRNewswire/ — Shareholder rights legislations firm Johnson Fistel, LLP is investigating competencies violations of the federal securities legal guidelines by AgEagle Aerial methods Inc. (“AgEagle” or the “enterprise”) (NYSE: UAVS).
On February 18, 2021, Bonitas analysis published a report entitled “AMAZON SAYS NO PARTNERSHIP” through which Bonitas unique a sequence of alarming red flags about AgEagle.
principally, Bonitas, in its file, brought up, “We agree with that AgEagle Aerial techniques Inc.'s (NASDAQ: UAVS) ('UAVS,' 'AgEagle,' or the 'company') turned into a pump & dump scheme orchestrated by using Alpha Capital Anstalt ('Alpha Capital'), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.”
further, the Bonitas file claimed, “In April 2020 rumor of a partnership between Amazon.com,Inc. & AgEagle become all started by using a promotional video uploaded to AgEagle's founder and former chairman Bret Chilcott's daughter's very own website and youtube account (the 'Promo Video'). for the reason that then, a fifty four web page due diligence doc has circulated on Reddit which at a considerable number of instances referenced the Promo Video and advised that the AgEagle's partnership with Amazon changed into precise.”
moreover, the Bonitas file referred to, “we have found no proof of any 'principal e-commerce customer' or any drone expertise credited to AgEagle other than reference to the Promo Video leaked by means of AgEagle's founder and former Chairman Bret Chilcott's daughter.”
The Bonitas file concluded. “In 4Q'20 an Amazon spokesperson disclosed to reporter Daniel McCoy of the Witchita enterprise Journal that Amazon principally does not have any dealings with AgEagle whatsoever.”
Following this news, the business's stock fee fell 36.41% on February 18, 2021.
when you've got guidance that may aid in this investigation, including previous personnel and others, or if you are an AgEagle shareholder and are interested in studying greater in regards to the investigation, please contact lead analyst Jim Baker ([email protected]) through electronic mail or mobile at 619-814-4471. If emailing, please include a mobile number.
moreover, that you may [click here to join this action]. There is not any can charge or duty to you.
About Johnson Fistel, LLP:Johnson Fistel, LLP is a nationally diagnosed shareholder rights law enterprise with offices in California, ny and Georgia. The firm represents individual and institutional buyers in shareholder by-product and securities classification motion court cases. For greater tips about the company and its attorneys, please visit http://www.johnsonfistel.com. attorney promoting. previous consequences do not assure future consequences.
View normal content material:http://www.prnewswire.com/news-releases/ageagle-aerial-uavs-alert-did-you-lose-funds-on-your-funding-contact-johnson-fistel-regarding-investigation-301231396.html
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