TinyGemsBreaks – Splash Beverage Group Inc. (NYSE American: SBEV) Responds to Unusual Trading Activity Amid NYSE Appeal Process
Splash Beverage Group (NYSE American: SBEV), a portfolio company of leading beverage brands, announced unusually high trading activity as it enters the appeal process with the NYSE regarding its listing status. The company indicated that, to its knowledge, there have been no new material developments since its last announcement regarding its potential merger/acquisition with Western Son Vodka, believing the unusual market action is due in part to algorithmic trading and short selling activities. Splash will enter the appeal process with the NYSE Listing Qualifications Panel and continue trading its common stock and warrants during this period. The company remains confident…