CARSON CITY, NV / ACCESSWIRE / July 27, 2022 / CECORS, INC. (OTC PINK: CEOS) (“CeCors”, “PsyKey” or the “Company”), an innovative wellness company focused on the research, development and commercialization of mycology-based formulations, announced today on July 26. In February 2022, it was made aware of an OTC Markets Group promotional badge added to the Company’s trading symbol representing unauthorized promotional activity in connection with the Company’s common stock.
“Neither management nor consultants of CeCors or any of our subsidiaries have engaged or communicated with ANC, LLC. We do not know who ANC, LLC. and CeCors does not knowingly participate in any stock promotions. All of our company’s public communications are made through PsyKey’s Twitter account, endorsed press releases and are posted to the OTC markets,” said Sukhinder Kalsi, director and chief financial officer of CeCors, Inc.
1. To summarize the Company’s understanding of Promotional Activities, please read the following:
a. The Company became aware of an unauthorized stock promotion on July 26, 2022 via a stock promotion flag placed on the OTC Markets Group website with the CeCors trading symbol.
b. The promotion had a minor impact on the company’s daily trading volume, resulting in a price drop.
c. The Company has learned that the Stock Promotion will be conducted by the following companies: Bullish Charts and ANC, LLC. The company is not aware of this promotion and has no agreement with any of the mentioned companies. It appears that the company running the ad campaign was paid on a cost-per-click basis, possibly exceeding $1,000 in cash from an unknown third party in compensation for distributing the ad. The article further states that Bullish Charts was electronically compensated by ANC, LLC up to ten thousand dollars (US$10,000) to conduct a two-day “726-2722” investor relations promotional marketing…