An investigation for investors in Great Basin Scientific Inc (NASDAQ:GBSN) shares over potential securities laws violations by Great Basin Scientific was announced and NASDAQ:GBSN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/06/2016 -- An investigation for shareholders Great Basin Scientific Inc (NASDAQ:GBSN) over potential securities laws violations by Great Basin Scientific was announced.
Investors who purchased shares of Great Basin Scientific Inc (NASDAQ:GBSN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Great Basin Scientific regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 25, 2015 Great Basin Scientific Inc sold 2,724,000 units ("Units") in a public offering, which (upon conversion into preferred stock and warrants) resulted in an obligation to issue hundreds of millions of new shares. Shares of Great Basin Scientific Inc (NASDAQ:GBSN) declined from $5.93 per share in October 2014 to as low as $0.052 in September 2015.
On January 4, 2016, NASDAQ:GBSN shares closed at $0.94 per share.
Those who purchased shares of Great Basin Scientific Inc (NASDAQ:GBSN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com