Foresight Autonomous Holdings Ltd.

FRSX

Short seller Fuzzy Panda Research issued a report entitled: “Foresight Autonomous (FRSX): A Minefield of Criminals, Self-dealing, Fake Sales, and Old Technology.” In the report, Fuzzy Panda Research accuses Foresight Autonomous of being “an aggressive stock promotion where insiders are siphoning cash to entities they control.” Fuzzy Panda Research further wrote that “[a]fter examining the full cast of characters at Foresight, we discovered connections to accused money launderers, convicted felons, numerous penny stock promotions, and financiers who have settled SEC charges of market manipulation.”

On this news, Foresight Autonomous shares dropped approximately 9% in premarket trading on April 28, 2021, and are down by over 50% from their February 2021 high trading price of over $10.00 per share.

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