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Global Tech Industries Group, Inc. retains ShareIntel-Shareholder Intelligence Services, LLC to assist Christian Levine Law Group in its investigation of possible naked short selling.
Press Release | 12/06/2022
New York, NY, Dec. 06, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that its board of directors approved and instructed management to negotiate and execute a service agreement with ShareIntel-Shareholder Intelligence Services, LLC www.shareintel.com to further assist The Christian Levine Law Group, as well as Warshaw Burstein, LLP, each already retained by the Company, to review the trading history of the Company’s common stock for the past two years. ShareIntel offers unprecedented access and insight into broker-dealer, clearing firm and shareholder position movement. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders enabling Global Tech Industries to proactively track shareholder ownership, identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail such activity. The Christian Levine Law Group, LLC has been pursuing investment banking and brokerage firms on Wall Street for over 20 years for illegal naked short selling, which is a sophisticated form of stock manipulation. The Company believes it may have been the target of a market manipulation scheme involving illegal naked short selling of its common stock over the last two years and has decided to investigate and expose any wrongdoing.
David Reichman, Chairman of GTII, stated, “Our management team feels that the time for half measures is over. Leveraging ShareIntel’s patented processes and proprietary analytics, we can investigate reporting anomalies among market makers, banks, broker-dealers and clearing firms. In addition, we should also be able to track share ownership and identify any suspicious, aberrant and or unusual trading activity, continuing our commitment to protect our investors and maximize shareholder value. If the Company has been the subject and victim of illegal naked short selling, these two firms should get to the bottom of it.”
David Wenger, President and Chief Executive Officer of ShareIntel, stated, “We look forward to helping Global Tech Industries Group, Inc. identify parties to potentially illegal naked short selling and assist The Christian Levine Law Group to implement action to address such activity./i]
