PBS Holding Inc (PBHG)

[Kool Aid Man]

SEC Enforcement Actions. The SEC has ordered dozens of trading suspensions, and in several cases brought fraud charges, against companies claiming to offer services or products relating to COVID-19. Learn more about these actions on the SEC Coronavirus (COVID-19) Response webpage. https://www.sec.gov/sec-coronavirus-covid-19-response

We have become aware of promotions claiming that publicly-traded companies are poised to profit from the current pandemic because, for example, the companies are developing products or services that can prevent, detect, or cure COVID-19, and that the stock of these companies will dramatically increase in value as a result. The promoters may use social media (including Facebook and Twitter), spam emails, and unsolicited phone calls to tout a specific stock.

Be cautious of claims that a company’s products or services can help stop COVID-19, especially claims that involve microcap stocks. These claims may be made as part of fraudulent “pump-and-dump” schemes. You may lose significant amounts of money if you invest in a company that makes inaccurate or unreliable claims and you may not be able to sell your shares if trading in the company is suspended.

https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investment-0