Energy News / Shareholders Foundation, Inc.

NYSE:REED Investor Alert: Investigation over Potential Wrongdoing at Reed's, Inc

Via: ReleaseWire

Updated 2:41 PM CDT, Thu, April 26,2018

An investigation on behalf of investors in Reed’s, Inc. (NYSE: REED) shares over potential wrongdoing at Reed’s, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 04/26/2018 -- An investigation was announced for investors in shares of Reed's, Inc. (NYSE: REED) was announced over potential breaches of fiduciary duties by certain directors at Reed's, Inc..

Investors who purchased shares of Reed's, Inc. (NYSE: REED) shares 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 Reed's, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Los Angeles, CA based Reed's, Inc. develops, manufactures, markets, and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies, and ice creams in the United States, Canada, Europe, and Asia. Reed's, Inc. reported that its annual Total Revenue declined from $42.47 million in 2016 to $37.71 million in 2017 and that its Net Loss increased from $5.00 million in 2016 to $18.37 million in 2017.

Shares of Reed's, Inc. (NYSE: REED) declined from $4.75 per share in April 2017 to as low as $1.30 per share in late 2017.

On April 25, 2018, NYSE: REED shares closed at $2.25 per share.

Those who purchased shares of Reed's, Inc. (NYSE: REED), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysereed-investor-alert-investigation-over-potential-wrongdoing-at-reeds-inc-969639.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com