LOS ANGELES--(BUSINESS WIRE)--On January 2, 2020 Wizard Entertainment, Inc. (The “Company”) became aware of certain promotional materials (the “Subject Materials”) that third parties, not affiliated with the Company, apparently created, published and/or distributed. The dissemination of such materials apparently caused an increase in trading volume and an increase of the price per share.
The Subject Materials appear to have been the work product of individuals or entities unaffiliated with the Company, which individuals or entities appear from the face of the materials to be commonly known as “Penny Picks” and “The Wolf of Penny Stocks”.
After inquiry the Company states that neither the Company, its Officers, Directors, third party service providers or Controlling Shareholders were involved, directly or indirectly, with the creation, publication or distribution of the Subject Materials.
Further, no compensation of any nature was paid, directly or indirectly, to any such third party to create or distribute the Subject Materials. In that the company had no role in the creation of the Subject Materials it cannot stand behind any statement that may be set forth in such materials. Certain of the statements made in the Subject Materials may have been materially false or misleading.
After Inquiry of management, directors, control persons and third party service providers, the Company is not aware of any sales of Corporate securities by any Officer, Director controlling shareholder or any third party service provider during the last ninety days. Any purchase of securities by Officers or Directors or controlling shareholders was documented by the filing of a Form 4. Further, any issuance of any convertible instruments by the Company has been documented by the filing of an 8-k, with the terms of such transaction described in relevant detail. The Company does not, and has not in the last 12 months, engaged third party providers to provide investor relations services, public relations services, marketing or related services in service of the promotion of the Company or its securities.