Gorilla hires global economics group for due diligence

Gorilla Technology addressed the price volatility in trading of its stock, which the company suspects is due in large part to illegal manipulation. Gorilla Chairman and Chief Executive Officer Jay Chandan made the following statement: “Since the merger last summer that took Gorilla public, we have suspected that the volatile trading in our stock was due to more than simple ‘market action’. Huge moves in our share price were often completely unrelated to any news about the company, its sector or its competitors. Over the past few months, we have employed many resources to investigate our suspicions, and now have gathered sufficient evidence of wrongdoing that we feel compelled to warn the public… Today we are putting the suspected bad actors on notice. We know what you have been doing, and we will not sit still and allow you to attempt to destroy our company to enrich yourselves… To protect our shareholder value, we stand strong to investigate thoroughly any unlawful attacks from illicit traders that are contributing nothing to our success but rather attempting to harm the company’s growth. We remain confident that we will grow Gorilla into a successful global business in the edge AI security industry in the years ahead.”