The Shareholders Foundation announces that an investor, who purchased shares of Blue Earth Inc (NASDAQ:BBLU), filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Blue Earth Inc in connection with certain allegedly false and misleading statements made between October 7, 2013 and October 21, 2014.
Investors who purchased shares of Blue Earth Inc (NASDAQ:BBLU) have certain options and for certain investors are short and strict deadlines running. Deadline: December 23, 2014. NASDAQ:BBLU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Blue Earth Inc (NASDAQ:BBLU) common shares between October 7, 2013 and October 21, 2014, that the defendants violated Federal Securities Laws.
Blue Earth Inc reported that its annual Total Revenue rose from $4.91 million in 2011 to $10.31 million in 2013 while its Net Loss increased from $14.00 million in 2011 to $25.47 million in 2013. Shares of Blue Earth Inc (NASDAQ:BBLU) grew from $0.95 per share in March 2013 to as high as $3.77 per share in September 2014.
Then on October 21, 2014 an analyst report disclosed that there is evidence of a current law enforcement investigation of Blue Earth Inc, that Blue Earth Inc has engaged stock promoters who have improperly touted its stock, and that there are multiple red flags regarding the Company’s past and present auditors.
Shares of Blue Earth Inc (NASDAQ:BBLU) declined from $3.77 per share in late September 2014 to as low as $1.00 per share on October 21, 2014.
On November 7, 2014, NASDAQ:BBLU shares closed at $1.48 per share.
Those who purchased shares of Blue Earth Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com