Specifically, on January 6, 2017, SeekingAlpha published an article alleging that Live Ventures has paid as much as $2 million to stock promoters to hype the Company stock. These promoters have been involved in other stock-pump activities including one with ForceField Energy. The article also claimed that the Company has utilized misleading accounting tactics to inflate earnings and cash values in its financial statements.
On this news, shares of Live Ventures have fallen sharply during intraday trading on January 6, 2017.
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If you invested in Live Ventures stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/LIVE. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Live Ventures's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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