Camber Energy, Inc. (NYSE:CEI) (“Camber” or the “Company”), as previously disclosed, engaged Shareholder Intelligence Services LLC (“ShareIntel”) as part of Camber’s overall efforts to help identify and combat potential short selling of the Company’s stock and protect the interests of its shareholders.
ShareIntel gathers and analyzes shareholder trading data through its DRIL-DownTM process, a technology platform that tracks bank, broker dealer and shareholder movement specifically to reveal suspicious, aberrant, and/or unusual trading activity. The tool aims to help identify, interpret, and communicate shareholder and broker-dealer movement to issuers.
After several months of analysis, reports suggest the following organizations continually have the largest trade imbalances regarding the trading of Camber’s stock: (i) Merrill Lynch; (ii) TD Ameritrade; (iii) Charles Schwab; (iv) ETrade; (v) Apex; (vi) Wedbush; and (vii) National Financial Services.
James Doris, President & CEO of Camber stated “We intend to proceed to the next phase of our pursuit to extinguish unlawful trading activity and hold bad actors accountable. In the interim, we encourage shareholders that have accounts with any of the above-mentioned organizations to contact the Compliance Officer of the firm and demand an immediate internal investigation. A collaborative approach will the most effective.“
