📈 Genius Group Ltd shares are trading higher by 56.94% to $3.28 Friday morning on continued strength after the company approved a plan to create an 'Illegal Trading Task Force.' Follow benzinga
The stock is also trading higher by some 490.46% over the trailing 5 sessions amid ongoing interest in the name across social media and continued upward momentum.
Genius Group says it approved at a board meeting held on Wednesday an action plan to address alleged illegal short selling of its stock.
The company says the action plan includes creating a board-led ‘Illegal Trading Task Force' to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.
Additionally, the company says the Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s...
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