CTIX management calls on FINRA to investigate MANIPULATION

CTIX management calls on FINRA to investigate MANIPULATION of the companys shares...ask shareholders with information to write FINRA


Dear Fellow Shareholders’ of Cellceutix,

It appears that this past Thursday and Friday ( December 27 and 28), there was a “short attack” against the Company. Now, to short a company’s stock is not illegal. However MARKET MANIPULATION IS HIGHLY ILLEGAL.

Shares of CTIX closed Wednesday at $2.42. It has been noted by many shareholders that in pre-market activity on Thursday morning there appeared several trades of CTIX at $0.80 and even lower, each of which were canceled shortly before the open. Simply, we believe that is called “PAINTING THE TAPE”, a type of illegal market manipulation and something that our Company will unequivocally not ignore.

The opinion of Cellceutix is that these actions were a coordinated effort amongst a group that planned to drive down the price of Cellceutix stock for their own benefit by creating illusions that stockholders are panicking or that Cellceutix’s accomplishments are without merit. For example, several articles and “bashers” surfaced writing negative commentary on Cellceutix that were published on different, popular financial websites.

Then as they short the stock, which causes the share price to decline, the small investor thinks other investors are selling and they join this perceived stampede. It is a smoke screen they have created. If you look at Friday’s sales in the approximate $1.55 range, you see the number of small trades by the small shareholder panicking. Exactly what they want to create.

Now that we know the situation that we are dealing with, what can one do?

The answer is an examination of the premarket trades of Thursday, December 27, 2012 by the regulatory authorities. If audits of those transactions provide evidence that they were illegal, the government has the tools at its discretion to trace all cell phone records, emails, financial transactions, etc. made by these individuals acting for themselves or others. In this day and age nothing is hidden. If this leads to evidence that market makers, writers, bashers and others have conspired in this illegal act, they should be held accountable and suffer the consequences.

Even if market makers and writers were acting on behalf of clients overseas, they will be held accountable. Claiming they didn’t know is not an excuse. We saw what happened with the Madoff scandal and how feeder funds were held responsible. During the past two days, the CTIX price per share declined by $0.69. The market capitalization of the company declined over $60 million. If someone were to rob a bank of $60 million, you can be certain the authorities would be on top of it.

Again, shorting is legal, but MARKET MANIPULATION is illegal.

The parties that we believe are behind this seem to be a very sophisticated group. Therefore, to help the authorities you must expose the weakest link in their strategy: the pre-market manipulation of Thursday morning that they tried later to cover up and hide. This is also a warning to their associates that they may be aiding a group that has engaged in market manipulation and this activity may have repercussions to them as well.

I have spoken to the Financial Industry Regulatory Authority (FINRA) and have made a complaint as to the pre-market activity of Thursday morning. I am only one person. If the hundreds, or even thousands, of CTIX shareholders and supporters also file a complaint about the need to investigate the Thursday morning pre-market activity I believe this will be taken very seriously by the authorities, and cause many sleepless nights for those who are involved in this ILLEGAL MARKET MANIPULATION.

Interested parties are encouraged to call or email the office of the whistleblower at FINRA about the “THURSDAY MORNING PRE-MARKET ACTIVITY” and any other irregularity that has been observed. You should also inform them of any articles you notice bashing the company or new bashers that appear on message boards as these may be tied in to the individuals who were responsible for the market manipulation.

http://www.finra.org/Industry/Whistleblower/


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Thank you for your continued support,

Leo Ehrlich
Chief Executive Officer, Cellceutix Corporation

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