10:35:02 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Chemesis International Inc (2)
Symbol CSI
Shares Issued 34,620,824
Close 2020-07-22 C$ 0.92
Market Cap C$ 31,851,158
Recent Sedar Documents

Chemesis points to promo material for OTCQB uptick

2020-07-28 08:30 ET - News Release

Mr. Josh Rosenberg reports

CHEMESIS INTERNATIONAL INC. COMMENTS ON RECENT MARKET ACTIVITY

Chemesis International Inc. is making the following statements regarding recent market activity concerning its common shares traded on the OTCQB marketplace.

The company became aware of certain promotional activity on its securities on July 22, 2020, when it received correspondence from OTC Markets. The company has no knowledge of any promotional activity other than its understanding that there appears to have been promotional material describing the prospects of its business, recent press releases and the investment opportunity related to its securities. Although the company has no way of directly correlating such promotions to their impact on its securities, the effect of this on the company's securities may have resulted in an incremental increase in trading volume, in addition to recent press releases by the company regarding the close of equity financings for aggregate proceeds of $2,617,650, change in the company's trading currency to U.S. dollars and settlement of liabilities with equity.

The promotional material presents a general overview of the company's business and operations, including citing recent press releases. It contains some speculative language and forward-looking statements about investment potential, but the company does not believe it contains any materially false or misleading statements about the company and its products. The company engaged Promethean Marketing on July 10, 2020, for the purpose of marketing, and while the promotional material referenced above was not directly procured or paid for by the company, the company was not at any time provided a copy of such materials by Promethean Marketing, and the company had no editorial control over the content, the company acknowledges that it may have indirectly contributed to the creation and distribution of such material due to its engagement of Promethean Marketing.

The company routinely responds to inquiries from shareholders, potential investors and investment analysts, and generates its own marketing materials. However, to the company's knowledge, none of its officers, directors, any controlling shareholders, or any third party service providers have, directly, or indirectly, authorized or been involved in any way (including payment to a third party) with the creation or distribution of promotional materials that make any false or misleading claims about the company or its securities.

Since July 27, 2019, the company has engaged the following third party providers of investor relations, public relations, marketing and other related services: Promethean Marketing LLC, CDMG Inc., Invictus Investor Relations, Inc. and Stone Bridge Partners LLC. Upon inquiry of management, directors, control persons and third party service providers, during the past 90 days, no such persons purchased or sold securities of the company. The company has not issued any shares or convertible instruments that allow conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.

We seek Safe Harbor.

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