GLOBE NEWSWIRE, 11 February 2020
On February 10, 2020, Hindenburg Research published a report entitled “NexTech AR: Relentless Stock Promotion, Sketchy Related Party Transactions and a Vaporware Product—Price Target: $0,” alleging, among other things, that NexTech had “virtually no credible business prospects and appears to be focused almost entirely on promoting its stock and insider self-dealing.” On this news, NexTech’s stock price fell $0.36 per share, or 21.73%, to close at $1.29 per share on February 10, 2020.
