Camber Energy, Inc. (CEI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Camber Energy, Inc. (“Camber” or the “Company”) (NYSE: CEI). The investigation concerns whether Camber and certain of its officers and/or directors have violated federal securities laws.
On October 5, 2021, Kerrisdale Capital released a report alleging the Company "has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September." The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triple the widely reported number." On this news, Camber’s stock price fell $1.56 per share, or 50.49%, to close at $1.53 per share on October 5, 2021.
If you are aware of any facts relating to this investigation, or purchased Camber shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.