An investigation was announced on behalf of investors of PaySign, Inc. (NASDAQ: PAYS) shares over potential securities laws violations by PaySign, Inc. in connection with certain financial statements.
Investors who purchased shares of PaySign, Inc. (NASDAQ: PAYS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PaySign, Inc. (NASDAQ: PAYS) concerning whether a series of statements by PaySign, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
PaySign, Inc. provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. PaySign, Inc. reported that its annual Total Revenue rose from over $15.23 billion in 2017 to over $23.42 billion in 2018 and that its Net Income increased from over $1.79 billion in 2017 to over $2.58 billion in 2018.
Shares of PaySign, Inc. (NASDAQ: PAYS) grew from $0.75 per share in early 2018 to as high as $18.67 per share in July 2019.
On September 9, 2019, PaySign, Inc lowered its fiscal 2019 revenue guidance to a range of $35 million to $37 million, from prior guidance range of $38 million to $40 million, citing delays in onboarding of new plasma industry programs.
Shares of PaySign, Inc (NASDAQ: PAYS) declined to as low as $8.57 per share on September 10, 2019.
Those who purchased shares of PaySign, Inc. (NASDAQ: PAYS) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
