Bubblr, Inc. Issues Statement About Promotional Activity Concerning Its Common Stock and Updates on its S-1 Filing
Bubblr Inc.,, (“Bubblr” or the “Company”), the technology company developing Web 3 Open Source tools to advance the creation of a more equitable internet, announced that it has been made aware of certain promotional activity concerning BBLR common stock.
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On December 13, 2021, the Company first became aware of certain promotional activities concerning the Company and its common stock after receiving notification from OTC Markets that online promotional reports encouraging the purchase of BBLR shares may have impacted trading activity in the Company’s securities. Until informed by OTC Markets, the Company was unaware of the promotional activity and remains unaware of the full nature and content of this activity, the extent of the dissemination, or the parties involved. The Company is not affiliated in any way with the authors of the promotional activity identified by OTC Markets.
Certain statements in the promotional materials supplied to the Company by OTC Markets may be materially false and/or misleading. The promotional activities in question materially misrepresent Bubblr’s business model and present executive leadership. The Company encourages those interested in the BBLR to rely solely on information included in its press releases combined with its filings and disclosures made with the U.S. Securities and Exchange Commission (SEC).
In its investigation into this matter, the Company has made inquiries of its executive officers, directors, and controlling shareholders. The Company, its officers, directors, and controlling shareholders have not sold or purchased the Company’s securities within the past 90 days. The Company states definitively that the Company, its officers, directors, and, to the Company’s knowledge, its controlling shareholders have not, directly or indirectly, authorized or been involved in any way with the creation or distribution of promotional materials of any kind.
On November 9, 2021, Bubblr filed an S-1 with the SEC with the filing number 333-260902. On December 9, 2021, Bubblr received its first set of comments from the SEC. Bubblr will file responses to these comments, along with an amended registration statement. These public filings accurately reflect the Company’s current business model and executive leadership.
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