Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Reconnaissance Energy Africa Ltd. f/k/a Lund Enterprises Corp. (RECAF) on Behalf of Investors - Yahoo Finance
LOS ANGELES, October 28, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Reconnaissance Energy Africa Ltd. f/k/a Lund Enterprises Corp. ("ReconAfrica" or the "Company") (OTC: RECAF, formerly LGDOF) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your ReconAfrica investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/reconnaissance-energy-africa-ltd-fka-lund-enterprises-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On September 7, 2021, Viceroy published a report entitled "ReconAfrica – Another swing, another miss: Despite significant polish, Netherland Sewell’s presentation on ReconAfrica’s 6-2 well is another set of disappointing results." The report alleges, among other things, that ReconAfrica’s press statement and presentation of data on their first 6-2 well "is a clear attempt to put a positive spin on disappointing drill results but fails to do so under further scrutiny."
On this news ReconAfrica’s share price fell $0.68, or 12%, to close at $4.65 per share on September 7, 2021, thereby injuring investors.
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Whistleblower Notice: Persons with non-public information regarding ReconAfrica should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-leading-000200281.html
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