Bit Brother Limited forming task force to address suspected illegal shorting

Bit Brother Limited announced that its board of directors has approved the formation of a special task force to address suspected illegal shorting of its stock. "The Special Task Force plans to engage competent counsel and/or investigation professionals and to take all possible actions to identify and prosecute those involved in the market manipulation of BTB‘s stock, especially the institutions or individuals involved in illegal naked short selling… The company plans to utilize all reasonable resources to conduct the investigation. Management believes that the formation of the Special Task Force would help expose those who may have participated in market manipulation of the company’s stock. The board believes that this action will deter any future manipulation of the market by exposing and persecuting naked short sales of the company’s stock and other violations," the company stated.