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Anything in the near-future pipeline to stop this massive slide? Q3 thoughts?
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Workhorse Group Inc. - WKHS
2:46 pm ET November 4, 2019 (Globe Newswire) Print
Pomerantz LLP is investigating claims on behalf of investors of Workhorse Group Inc. ("Workhorse" or the "Company") (NASDAQ: WKHS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Workhorse and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On November 1, 2019, Workhorse disclosed that on October 28, 2019, the Audit Committee of the Company's Board of Directors concluded that "the Company's unaudited financial statements as of and for the three and six months ended June 30, 2019 ( the 'Financial Statements') should no longer be relied upon." Specifically, Workhorse "identified an accounting misstatement in the Financial Statements primarily related to Warrants issued in July 2018 as part of a debt financing" and advised investors that "[t]he impact on the Company's Financial Statements . . . is to reduce interest expense by approximately $16.9 million and reduce the warrant liability by the same amount for previously recorded mark-to-market adjustments. The impact on shareholders' deficit was to reduce it by approximately $17.6 million." On this news, Workhorse's stock price fell sharply during intraday trading on November 4, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
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Shareholder Alert..... Class Action.
Talk about volatility in the SP......
Q3 estimates....... will we beat or we miss?
So the EPS and the Sales both beat the analysts' estimates, and the share price plummets 8-10%. How brilliant is that. What a crock.
Finish the week under $3.00 or going over $3.50....... hmmmm.
Good call Gixxer....... didn't know you were such a fortune teller. I've seen Nokia's action for the last 15+ years, so this doesn't surprise me. But you should be pretty dumbfounded right now..... so, I hope for your sake you DID sell... otherwise, it's probably you who's crying right now...
Looks like we may have made it through another storm season here in FL without anything major... thankfully. Where do we think this is headed now?
$200,000,000.......... that's a lot of room. How far is this going to fall?
$7.50 with news? That would be a start.......
All this action, research, co-laboring, 5G, products, etc..... and we can't get to $7.... or even $6 for that matter. Shame.
That's what they do. Not just on this ticker, but everywhere. It's how they get the price to fall fairly consistently (and make tons shorting in the process).
Any thoughts on the recent 5G debates/concerns?
We came close at 6.34 today...... hoping for a leg up tomorrow again.
Pretty volatile today...... are we gonna test the $5's again before we get close to testing $8's?
You and me both.....
And then a spike right now.... out of nowhere. This is getting really silly....
Nasdaq deficient....... how far is this falling? Could use a good PR from USPS right about now......
So, HYSR is -13% right now..... any news affecting this?
What's going on here today? 11% in the green, with lots of volume...
14% green right now...... what's the catalyst?
Heavy volume AND hefty price drop today.........
Apparently the whole world missed it, as there was less-than-average activity today.....
Any real catalyst to make it reach the $2 level that it was at a few months ago?
Yeah, depressing. Been holding since last year.......
Bold. What do you think are catalysts for it to move higher? Asking for a friend.. ;)
True. With no new guidance, can we assume that USPS is still going to go through fully/all the way with their initial plans?
However, if they DO commit AND award WKHS a contract, then I could see a nice run up for the PPS...... but not sure if it would be enough to get out totally unscathed.
Any reply to your email?
It's a sad world we're living in if we consider a NASDAQ stock to be green when it is +0.0007 on the day.....
Yeah, I figured you were OK with it...... I was referring to miraculous, the one that said it is offensive or whatever. Sorry if I made it confusing.....
He's not gonna "mash" too well with your reply.......
Ouch......
It truly is amazing how it always takes 6 months for this to climb and then only 3 days to fall again. Time after time after time......
Time to start planning for the next quick run and dump next Spring........
Yeah, I know. Without that 'Massive Squeeze' and no 'Takeoff' happening, I sure hope folks didn't go 'All-In'.
Is there anything that is going to keep this from falling below $1 and starting the clock for a delisting notice?
Just can't figure this thing out......
Soooo, do we have any life left here??
Could this thing be any more stagnant?!?! Falling asleep the last couple days.....