An investigation on behalf of investors in Moxian, Inc. (NASDAQ: MOXC) shares over potential wrongdoing at Moxian, Inc. was announced and NASDAQ: MOXC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/13/2021 -- Certain directors of Moxian, Inc are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Moxian, Inc. (NASDAQ: MOXC) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Moxian, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Hong Kong based Moxian, Inc. operates a social network platform that integrates social media and business into a single platform in China. On July 26, 2021, Wolf Pack Research published a short-seller report on Moxian, Inc.. In the report, Wolf Pack alleged that "MOXC's main operating subsidiary in China, Moxian (Shenzhen), and its purported VIE, [variable interest entity, a structure commonly used by China-based, U.S.-listed companies] Moyi Shenzhen, do not even have the licenses required to operate an online advertising business in China: MOXC claims that Moxian Technology (Shenzhen) Co., Ltd. ('Moxian Shenzhen') is its main operating entity in China, selling online advertising services in China to foreign companies through its purported VIE, Shenzhen Moyi Technologies Co. Ltd. ('Moyi Shenzhen')."
Those who purchased shares of Moxian, Inc. (NASDAQ: MOXC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.