Press release
Investigation announced for Investors in Enservco Corporation (NYSE American: ENSV)
An investigation for investors in Enservco Corporation (NYSE American: ENSV) shares over potential securities laws violations.
Investors who purchased shares of Enservco Corporation (NYSE American: ENSV), 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 Enservco Corporation (NYSE American: ENSV) concerning whether a series of statements by Enservco Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Longmont, CO based Enservco Corporation, through its subsidiaries, provides well enhancement and fluid management services to the onshore oil and natural gas industry in the United States. Enservco Corporation reported that its annual Total Revenue declined from $43.02 million in 2019 to $15.68 million in 2020, and that its Net Loss declined from $7.65 million in 2019 to $2.5 million in 2020.
Enservco Corporation disclosed in an April 18, 2022 SEC filing that it had "concluded that the Company's previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the 'Relevant Periods'), should no longer be relied upon due to the Company's utilization of certain deferred tax liabilities in 2021." Enservco Corporation added that it "intends to amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Period."
Those who purchased shares of Enservco Corporation (NYSE American: ENSV) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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 lawsuits, 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.
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