Camber Energy, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The investigation focuses on whether Camber issued misleading and/or false statements and/or failed to disclose information pertinent to investors. Camber is the subject of a research report which was published by Kerrisdale Capital on October 5, 2021. It is alleged in the report, titled: “Camber Energy, Inc. (CEI): What If They Made a Whole Company Out of Red Flags?” that the Company “has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September.” Additionally, according to this report, Camber’s only actual asset, a 73% stake in OTC-traded Viking Energy Group, Inc., is in deep trouble, subject to a going-concern warning. The report also makes multiple other allegations about Camber, which include that its “‘ESG Clean Energy’ technology license is a joke,” that “the most fascinating part of the CEI boondoggle actually has to do with something far more basic: how many shares are there, and why has dilution been spiraling out of control?” and that the “market is badly mistaken about Camber’s share count and ignorant of [Camber’s] terrifying capital structure.” It is also estimated in the report that the “fully diluted share count is roughly triple the widely reported number.” Shares of Camber fell by more than 24% in intraday trading, based on this news..