Foy-Johnston Addresses the Erratic Trading of Its Shares on the OTC Markets
16 Marzo 2010 - 4:29PM
Marketwired
Foy-Johnston Inc. (PINKSHEETS: FOYJ), the company, has done its own
internal audit and investigation of the trading of its stock the
past few trading sessions and it has determined with the help of
the FINRA website http://regsho.finra.org/FORFshvol20100315.txt,
that there is almost 4,000,000 shares that have been naked shorted
against the Company's stock.
The Company with be working with the regulatory authorities to
determine the best course of action and to put a stop to this
illegal practise that hurts the Company and the Company's
shareholders.
"We are appalled and dismayed at this turn of events, especially
as the Company continues its move forward into a new and exciting
business. We have been told that this type of activity has been
frowned upon by the SEC and we do everything in our power to
dissuade market manipulators from hurting our shareholders," stated
Winay Sangsomborn, company president.
We will keep the shareholders and markets apprised as we move
forward as we are committed to maximizing shareholder value.
About Foy-Johnston Inc. Foy-Johnston is a
venture capital firm that specializes in discovering and exploiting
new technologies that have enormous commercial application and
explosive revenue potential. The Liquid Gold International enhanced
oil recovery system presents those very qualities that
Foy-Johnston's management team has identified to meet those
criteria. Our website is www.foyj.us
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results. Please also be advised that the company's stock is not
currently registered with the Securities and Exchange
Commission.
Contact: Investor Relations E-mail: info@foyj.us URL:
http://www.foyj.us
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