Jun 20, 2017
OTC Disclosure & News Service
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Axiom Holdings, Inc. (“Axiom” or the “Company”) (OTCQB: AIOM) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Axiom investigation page on our website at www.glancylaw.com/case/axiom-holdings-inc.
On June 19, 2017, the Company issued a press release disclosing that it had found “issues” with prior news announcements. Specifically, the Company stated that Hu Deng Yang and Yang Chau were still the shareholders of CJC, instead of Axiom or Horizon, when they received 200 million shares of Axiom on December 21, 2016 through the Share Exchange Agreement (“SEA”). The Company also disclosed that Nankamalu, who resigned in November 2016 as the CEO of CJC, signed on the SEA on behalf of CJC on December 21, 2016, after her resignation.
On this news, the Company’s stock price fell more than 20% during intraday trading on June 20, 2017, thereby injuring investors.
If you purchased Axiom securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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