Press release
Investigation announced for Investors in Polished.com Inc. (NYSE: POL) over potential Wrongdoing
An investigation on behalf of investors in Polished.com Inc. (NYSE: POL) shares over potential wrongdoing at Polished.com Inc.
Investors who purchased shares of Polished.com Inc. (NYSE: POL) 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 concerns whether certain Polished.com Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Polished.com Inc., formerly know as 1847 Goedeker Inc. operates an e-commerce platform for appliances, furniture, and home goods in the United States. Polished.com Inc. reported that its annual Total Revenue rose from $55.13 million in 2020 to $362.31 million in 2021, and that its Net Loss of $21.56 million in 2020 turned into a Net Income of $7.67 million in 2021.
On August 15, 2022, after the market had closed, Polished.com disclosed that it is unable to timely file its second quarter 2022 report due to an ongoing investigation regarding "certain allegations made by certain former employees related to the Company's business operations."
Shares of Polished.com Inc. (NYSE: POL) declined from $3.669 per share on October 18, 2021, to as low as $0.75 per share on August 23, 2022.
Those who purchased shares of Polished.com Inc. (NYSE: POL) have certain options and should contact the Shareholders Foundation.
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 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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