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Thursday, June 10, 2010 5:42:23 PM
Pop N Go, Inc. (PINKSHEETS: POPN) announced today that the Company had launched an investigation into the recent volatility in trading of its stock. Management intends to retain legal counsel, among other steps, to look into trading manipulations, potential violations by market makers of fair market making laws and other trading inequities which fall outside of FINRA and SEC regulations.
"We note, despite positive business developments announced by the Company during the past 30 days, the huge increase in short selling of our stock and unusual trading after the market close in many instances. We are making every effort to determine the source of these highly unusual trading activities by performing an extensive stock trading forensic review. We will take every available step to defend the Company's share price from being manipulated in an unfair fashion. We have always sought a level playing field so that the Company's share price can reflect the business activity of the Company and not be subjected to market manipulation by unscrupulous third parties," said Mel Wyman, Pop N Go CEO.
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