Los Angeles - 
(NewMediaWire) - October 12, 2021 - The Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of Camber
Energy, Inc. (“Camber” or “the Company”) (NYSE American: CEI) for
violations of the securities laws.
The investigation focuses on whether the Company
issued false and/or misleading statements and/or failed to disclose information
pertinent to investors. Camber is the subject of a research report published by
Kerrisdale Capital on October 5, 2021. The report, titled: “Camber Energy, Inc.
(CEI): What If They Made a Whole Company Out of Red Flags?” alleges that the
Company “has failed to file financial statements with the SEC since September
2020, is in danger of having its stock delisted next month, and just fired its
accounting firm in September.” According to the report, the Company’s only
actual asset, a 73% stake in OTC-traded Viking Energy Group, Inc., is in deep
trouble and subject to a going-concern warning. The report makes multiple other
allegations about the Company, including that its “‘ESG Clean Energy’
technology license is a joke,” that “the most fascinating part of the CEI
boondoggle actually has to do with something far more basic: how many shares
are there, and why has dilution been spiraling out of control?” and that the
“market is badly mistaken about Camber’s share count and ignorant of [Camber’s]
terrifying capital structure.” The report also estimates that the “fully
diluted share count is roughly triple the widely reported number.” Based on
this news, shares of Camber fell by more than 24% in intraday trading.
If you are a shareholder who
suffered a loss, click here to
participate.
We also encourage you to contact
Brian Schall of the Schall Law Firm, 2049
Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also
reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not
yet been certified, and until certification occurs, you are not represented by
an attorney. If you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be
considered Attorney Advertising in some jurisdictions under the applicable law
and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.
310-301-3335
