An uncanny twist, NDB’s controversial press release seems to still be flaunting its tale on an online press distribution portal even as of Friday. A statement that could potentially ripple the fabric of the energy sector, NDB’s battery, they claim, “stands poised to redefine energy paradigms—from powering rockets to smartphones, all with a zero carbon footprint.”
From Claims to Capital
Drawing the magnetism of its bold declarations, the firm attracted a torrent of media attention and investor curiosity. In the immediate aftermath of the said press release, a financial deluge of about $660,000 rained on them. The subsequent 11 months saw another flow of approximately $580,000, riding on the wave of their claims.
The intriguing saga continues as NDB’s website, still active on Friday, flashes a conspicuous investor inquiry link. Adding to the enigma, the site brazenly parades logos of elite research entities, leaving onlookers pondering their relevance.
SEC’s Stern Stance
The SEC’s course of action? A plea for permanent injunctions, ensuring the accused never dance with such violations again. The legal motion also eyes the return of the questionable gains, coupled with a civil monetary penalty. To cap it off, the SEC intends to shield the investment community by forbidding both NDB and Golsharifi from future securities endeavors
