Camber Energy (CEI) Is Accused Of Frauds: Stock Falls 5% Today

Pomerantz LLP has commenced an investigation on behalf of purchasers of Camber Energy Inc. securities. The investigation focuses on whether the Company and its officers violated federal securities laws. CEI stock has fallen to $1.34, marking an over a 5% decrease. The investigation is focused on whether Camber and its executives engaged in securities fraud and/or other unlawful business activities.

Kerrisdale Capital stated that Camber’s failure to file financial statements since September 2020 could lead to its stock being delisted next month. The firm also alleged that the company only has one real asset: a 73% stake in an over-the-counter-traded company. The Pomerantz Firm is acknowledged as one of the top firms in the areas of corporate and securities class actions. The firm’s founder, Abraham Lo Pomerantz, was known for pioneering the field of securities class action.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.