The Legislation Places of work of Frank R. Cruz Announces Investigation of Rekor Programs, Inc. (REKR) on Behalf of Traders
The Legislation Offices of Frank R. Cruz announces an investigation of Rekor Systems, Inc. (“Rekor” or the “Company”) (NASDAQ: REKR) on behalf of buyers about the Company’s achievable violations of federal securities rules.
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On May 26, 2021, Western Edge printed a report entitled “Rekor Programs: Lackluster Progress Runway and Exaggerated Coverage Plan Increase Significant Downside Possibility,” alleging, amongst other issues, that the Company’s “recognized effects advise management’s probable profits steering could be overstated by up to 80%.”
The exact working day, Mariner Study Team posted a report entitled “REKR – Governing administration documents to not guidance trader anticipations.” In accordance to the report, “governing administration documentation . . . displays that REKR’s profits possibilities are probably a portion of what traders be expecting.” For example, “Oklahoma government budgets suggest that REKR’s much vaunted UVED program is a sub $2MM earnings possibility–just about 96% less than the) $40MM in profits intimated by Rekor’s CEO.”
On this information, Rekor’s stock value fell $.44 for each share, or 3.93%, to close at $10.77 for each share on May 26, 2021.
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If you obtained Rekor securities, have facts or would like to find out additional about these claims, or have any inquiries regarding this announcement or your legal rights or interests with regard to these issues, make sure you contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or go to our site at www.frankcruzlaw.com. If you inquire by e mail remember to incorporate your mailing address, telephone quantity, and selection of shares purchased.
This press launch may well be regarded as Legal professional Promoting in some jurisdictions less than the applicable legislation and moral procedures.
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Contacts
The Legislation Workplaces of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com