FAB Universal comments on unusual trading activity

theflyonthewall.com

FAB Universal announced that the New York Stock Exchange has notified the company about significant and unusual trading activity in FAB’s shares on October 1 and requested that the company respond by press release to the unusual activity. Ordinarily, it is FAB’s policy not to comment on unusual market activity or market rumors. However, FAB management believes that misinformation pertaining to the company’s stock distribution schedule, as established in the Share Exchange Agreement dated April 5, 2012 and related to its September 26, 2012 acquisition of DEI, is contributing to the unusual trading activity. FAB has been transparent with investors about the terms of the DEI acquisition, in accordance with NYSE corporate governance rules, in its filings with the SEC and conversations with shareholders and interested investors.

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