Penny stock researchers are the one causing this issue, I have the emails if proof is needed, they have sent out numerous email regarding FRLI.
This was just announced by FRLI
On May 14, 2019 OTC informed us that they were seeing some unauthorized promotional activity, including newsletters, emails and online items highlighting our common stock. These pieces included wildly speculative claims such as "hypothetical" graphs showing the stock increasing by nearly 1,000% over the next several months and other exaggerations, false assertions and incomplete and misleading statements targeted at potential investors. In addition, we noted that the Company has been included on some stock "watch lists" or buy/sell recommendation lists that are published by third parties, including bloggers who are in no way affiliated with the Company.
It is regretful that our good name and the positive progress we are making have been tarnished by those who do not share the same values of honesty and transparency that we do, including their posting of unauthorized promotional content.
Recently, as a result of this type of third-party unauthorized online promotional content, our symbol was flagged for "stock promotion" and was placed under subsequent trade restrictions, which we hope to have lifted soon. We posted a press release on May 16, entitled, "Frelii, Inc. Issues Statement Regarding Unauthorized Promotional Activity Involving Its Common Stock", to ensure the market and our loyal shareholders, customers and partners that we in no way engaged in or knowingly allowed anyone to post unauthorized promotional content.
I want to again reiterate, in no uncertain terms, that FRLI does not have and has never had any association with the people and the organizations that have conducted these promotional activities. They have had no access to non-public information regarding the Company or its future plans. We further advise that anyone interested in Frelii should not buy or sell any shares based upon contact with any party that solicits prospective investors or makes claims about the Company that have not been publicly disclosed by the Company itself.
This content was not commissioned, sanctioned or paid for by the Company and we had no editorial control over any of those materials. We have conducted inquiries of management and known shareholders, to the very best of our knowledge, neither the Company, nor any of its officers, directors, IR team or any controlling shareholders have been involved with the creation or distribution of promotional newsletter emails or online content that make exaggerated or misleading claims related to the Company and its securities.
