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Maison Solutions Inc. ("Maison Solutions" or the "Company") (NASDAQ:MSS), a specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, today issued the following statement in response to the short attack on the Company's stock on December 15, 2023:
The Company believes the December 15, 2023 short attack on Maison Solutions' securities directly reflected a report issued that day by Hindenburg Research that contained inaccurate and misleading statements.
Hindenburg is known for and has a long history of issuing negative reports which are purposely designed to allow short sellers to profit from a decline in stock price.
Such reports typically are filled with inuendo and are meant to deceive and frighten investors into selling their shares, creating a panic environment, causing precipitous price declines, and creating great harm to the majority of shareholders.
It is our intention to take steps as appropriate regarding this matter for the benefit of all of our stakeholders, as we continue to work diligently to build the Company.
Posted In: MSS
