NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Axiom Holdings, Inc. (OTCMKTS: AIOM) concerning possible violations of federal securities laws.
On June 19, 2017 the Company disclosed that it had discovered inconsistencies in its prior announcements regarding the validity of its Share Exchange Agreement (the "SEA") with CJC Holdings Ltd. ("CJC"). Then, on June 20, 2017, Axiom announced that it will be rescinding shares related to the CJC reverse merger as it has begun an internal investigation into the December 2016 transaction. The Company revealed that CJC’s CEO Nankamalu, who signed the SEA on behalf of CJC, had in fact already resigned as CEO a month prior to the signing and the merger was not completed. The SEC has announced the temporary suspension of trading in Axiom.
If you suffered a loss in Axiom and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/AIOM-Info-Request-Form-167.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.