Axiom Holdings, Inc.
|Company Name||Axiom Holdings, Inc.|
On June 19, 2017, the Company issued a press release disclosing that it had found “issues” with prior news announcements. Specifically, the Company stated that Hu Deng Yang and Yang Chau were still the shareholders of CJC, instead of Axiom or Horizon, when they received 200 million shares of Axiom on December 21, 2016 through the Share Exchange Agreement (“SEA”). The Company also disclosed that Nankamalu, who resigned in November 2016 as the CEO of CJC, signed on the SEA on behalf of CJC on December 21, 2016, after her resignation.
On this news, the Company’s stock price fell more than 20% during intraday trading on June 20, 2017, thereby injuring investors.
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