An investigation for investors in Great Basin Scientific Inc (NASDAQ:GBSN) shares over potential securities laws violations by Great Basin Scientific and certain of its directors and officers in connection certain financial statements was announced.
Investors who purchased shares of Great Basin Scientific Inc (NASDAQ:GBSN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Great Basin Scientific Inc (NASDAQ:GBSN) concerning whether a series of statements by Great Basin Scientific regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Great Basin Scientific Inc reported that its annual Total Revenue rose from $0.76 million in 2013 to $1.61 million in 2014 while its respective Net Loss increased from $9.56 million to $21.73 million. On February 25, 2015 Great Basin Scientific Inc sold 2,724,000 units (“Units”) in a public offering, which (upon conversion into preferred stock and warrants) resulted in an obligation to issue hundreds of millions of new shares.
Those who purchased shares of Great Basin Scientific Inc (NASDAQ:GBSN) 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