Temecula, CA, Aug. 17, 2022 (GLOBE NEWSWIRE) — Global Warming Solutions, Inc., (OTC: GWSO), announced today that in light of the apparent consistent naked short selling of the Company’s shares, the Company has taken, and intends to take, certain actions in an attempt to protect the interests of our shareholders.
A disturbing short-selling trend over the past several weeks is of deep concern to the management of GWSO as well as its current shareholders. Unknown market makers are shorting GWSO stock to a degree that strongly suggests market manipulation. Global Warming Solutions and its current shareholders are and have been harmed by the apparent market manipulation. Manipulation of the QB market should be of grave concern to the OTC and to FINRA as it affects the reliability and credibility of the OTC market as a whole. As a result:
– The Company will be contacting FINRA and requesting that they fully investigate the matter. The Company intends to cooperate with FINRA in that regard.
– The Company will be contacting market makers in the Company’s shares and requesting that each of them review their quoting and trading activity in GWSO to determine whether they have been engaging in “bona fide market making”.
Also, the company wants to update its shareholders, that it is in discussions with multiple investment banks about sponsoring the Company for uplisting to Nasdaq as well as capital raises at higher valuations.
CEO Michael Pollastro stated, “We…
