January 6, 2014 - Shares of FAB Universal (FU) are still halted for new pending almost 2 months after the actual trading halt, code T1. FU stock will not open for trading until they clear things up with the NYSE/AMEX exchange. There have been countless lawsuits stating that FAB Universal scammed investors.
Here is a statement from FAB Universal - FAB Universal (NYSE MKT:FU), a worldwide distributor of digital media and entertainment, repeated today its vehement denial of the recent allegations raised by short-sellers in their self-serving “reports” and reaffirmed its commitment to providing the Company’s shareholders with accurate information. FAB’s Board of Directors is working expeditiously to gather all the relevant information necessary to respond to these misleading and inaccurate reports in an appropriate manner and to report back to its shareholders as quickly as possible.
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