MagneGas disputes Seeking Alpha short post Dec 2
Post# of 22756
Dec 22 2015, 06:44 ET | About: MagneGas Corporation (MNGA) | By: SA Eli Hoffmann, SA News Editor [Contact this editor with comments or a news tip]
In an 8-K filing yesterday, MagneGas (NASDAQ:MNGA) said a short article published earlier yesterday on Seeking Alpha, "contains multiple instances of materially false and misleading information," without specifying what they were.
On a CNBC segment this morning, CEO Ermanno Santilli again disputed the article, saying "there's about 14 items on that report, we disagree with many of them."
MNGA was -20% yesterday. YTD, shares still boast a 121% gain.
Editor's note: Seeking Alpha has a fair and transparent dispute process. The company, or any Seeking Alpha reader, are free to use that process to dispute material inaccuracies in the article. At this time we have received no disputes on the article.
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