CHANGSHA, China, Jan. 30,
2023 /PRNewswire/ -- Bit Brother Limited ("Bit
Brother", "BTB", "We" or the "Company") (NASDAQ: BTB) announced the
Special Task Force of the Company engaged Mark David Hunter, Esq in connection with
referral to the U.S. Securities and Exchange Commission
("Commission") through its Whistleblower Program of potential
violations of the laws by entities and individuals engaged in the
naked short selling of BTB's stock. Mr. Hunter will be the lead
partner in this matter. He plans to attend the next livestream BTB
hosts on YouTube discussing naked short selling, subject to more
information announced through BTB's official Twitter
@BitBrotherLtd.
Mark David Hunter, Esq served as
an attorney in the Enforcement Department of the Commission where
he investigated and prosecuted violations of the federal securities
laws, rules, and regulations. While serving at the Commission, Mr.
Hunter also provided securities expertise and coordinated matters
with federal criminal prosecutors, as well as state securities
regulators and self-regulatory organizations.
Mr. Hunter is an AV Preeminent (the highest peer ranking by
Martindale-Hubbell) rated attorney. He is professional in
Regulatory Enforcement and Investigations, White Collar Defense,
Securities Litigation/Arbitration, Commercial
Litigation/Arbitration, and Governmental Investigations. He also
serves on the NASDAQ's Listings Qualifications Panel (by
appointment from the NASDAQ's Board of Directors) where he hears
appeals by NASDAQ-listed companies regarding issues of listing or
delisting, and renders final decisions on whether a company's
security shall continue to be listed on the NASDAQ Stock
Market.
The Special Task Force of BTB are confident that the engagement
of Mr. Hunter and his team will benefit the company's further
efforts to investigate and curb the suspected illegal shorting. Bit
Brother will provide further update related to its efforts.
About Bit Brother Limited
Bit Brother Limited (formerly known as Urban Tea, Inc.) was incorporated in the
British Virgin Islands as a
company with limited liability on November
28, 2011. Our business currently consists of
cryptocurrency mining in North America and the distribution and retail
of specialty tea products. For more information, please
visit: www.bitbrother.com.
Forward-Looking Statements Disclaimer
This press release contains certain statements that may include
"forward-looking statements." All statements other than statements
of historical fact included herein are "forward-looking
statements." These forward-looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involving known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including the risk factors discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on the SEC's website (http://www.sec.gov).
All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their
entirety by these risk factors. Other than as required under the
applicable securities laws, the Company does not assume a duty to
update these forward-looking statements.
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SOURCE Bit Brother Limited