Destabilization campaign: solutions 30 files defamation suit
Solutions30’s remarkable performance in 2020 once again demonstrates its solid fundamentals and promising outlook for growth despite the destabilization and misinformation campaign it is a victim of.
Solutions30 has already filed a complaint with the French financial markets authority [Autorité des Marchés Financiers] and with the national financial prosecutor’s office for the dissemination of false and misleading information and market manipulation, following the publication of an anonymous report containing a large amount of false and misleading information.
This information has been publicly disseminated and exploited by the hedge fund Muddy Waters, which—in two letters dated January 25th and January 27th, 2021 and written in its own name—made new allegations that are false and misleading. These letters, whose sole purpose is to take advantage of a decline in the Solutions30 share price, took place two trading days before the publication of the group’s full-year trading statement for the first one and on the day following the publication of strong annual sales growth for the second one.
Solutions30 categorically refutes the allegations against the company in these letters and, in view of the seriousness of their content, has decided to file a defamation complaint.