Gold Resource Corp. (GORO) Claims "The Street Sweeper's" Recent Articles Are False
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In response to multiple negative pieces published by a website known as thestreetsweeper.org, the management of Gold Resource Corporation (NYSE: GORO) believes the Company is being targeted by individuals or groups holding short positions in its securities in an effort to manipulate the Company's stock price.
The Company's management is advising its shareholders and potential investors to consider the source of these articles. Thestreetsweeper.org website is run by an individual named Hunter Adams, a felon previously convicted of conspiracy to commit securities fraud, money laundering and racketeering stemming from his participation in "pump-and-dump" stock schemes and his ties to the Gambino organized crime family. While the site purports to be a financial investigatory website, it appears its operations are financed by profits generated from taking short positions in the stock of companies it profiles. As a result, the profiles it generates are neither balanced nor unbiased.
The website disclosed it has held various short positions in the Company's stock since it first published a piece on the Company last month. Its most recent short position disclosure reveals it is currently short 40,506 shares.
The Company's management is advising its shareholders and potential investors to consider the source of these articles. Thestreetsweeper.org website is run by an individual named Hunter Adams, a felon previously convicted of conspiracy to commit securities fraud, money laundering and racketeering stemming from his participation in "pump-and-dump" stock schemes and his ties to the Gambino organized crime family. While the site purports to be a financial investigatory website, it appears its operations are financed by profits generated from taking short positions in the stock of companies it profiles. As a result, the profiles it generates are neither balanced nor unbiased.
The website disclosed it has held various short positions in the Company's stock since it first published a piece on the Company last month. Its most recent short position disclosure reveals it is currently short 40,506 shares.
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