Foresight CEO Letter to Shareholders ai-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ai-online.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK, May 11, 2021 /PRNewswire/ Pomerantz LLP is investigating claims on behalf of investors of Foresight Autonomous Holdings Ltd. ( Foresight or the Company ) (NASDAQ: FRSX). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Foresight and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On April 28, 2021, short seller Fuzzy Panda Research ( Fuzzy Panda ) issued a report entitled Foresight Autonomous (FRSX): A Minefield of Criminals, Self-dealing, Fake Sales, and Old Technology. The Fuzzy Panda report describes Foresight Autonomous as an aggressive stock promotion where insiders are siphoning cash to entities they control. The report further alleges that [a]fter examining the full cast of characters at Foresight, we discovered connections to accused money launderer
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CTI Industries Corporation (NASDAQ:CTIB), (DOGZ) - 12 Consumer Discretionary Stocks Moving In Wednesday s After-Market Session benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Shares of
Foresight Autonomous Holdings (NASDAQ:FRSX) were trading higher on Friday. The stock is continuing to draw attention from investors after the company said on Wednesday that it has begun a pilot project with a major global automaker.
As of 10:45 a.m. EST today, Foresight s shares were up about 11.6% from Thursday s closing price.
So what
Foresight is an Israel-based maker of sensor systems for automotive applications, specifically advanced driver-assist systems (ADAS) and prototype autonomous-vehicle programs. The company has two subsidiaries: Foresight Automotive focuses on machine-vision systems for vehicles; the other, Eye-Net Mobile, is working to develop cellular-based V2X (for vehicle-to-everything) connected-car systems.