SinglePoint reports Q2 revenue $8.14M vs. $4.53M last year

Wil Ralston, CEO SinglePoint Inc., said, “Current shareholders have notified the company that the reverse split has created some trading abnormalities and inefficiencies in at least (3) major trading platforms commonly utilized by our shareholders. Post the effective date of the reverse, shareholders have been communicating to the Company that they have only been able to place certain types of trades during this period and that some orders have been below the bid. These three trading platforms represent a majority of the platforms our investors actively invest and trade their holdings. Additionally, critical shareholder information such as bid/asks, executed trades, market capitalizations 52-week trading range have been inaccurate and are just recently belatedly updated across platforms. Yesterday, August 16, there were still investment sites with inaccuracies and inconsistent market data and has understandably generated shareholder and investor confusion. We have contacted several of the major retail trading platforms and market data feeds in an effort to resolve these issues. We remain committed to our goal of uplisting to a listed exchange. This treatment of our shareholders and the Company reinforces the need to be on a listed exchange.”