BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Great Basin Scientific, Inc. ("Great Basin" or the "Company") (NASDAQ: GBSN) concerning the Company’s and its officers’ possible breach of its fiduciary duty to investors and/or violations of federal securities laws.
On February 25, 2015 the Company offered for sale 2,724,000 units (“Units”) in a public offering, that resulted in a Company obligation to issue hundreds of millions of new Great Basin shares, dropping the price of the stock to about 6 cents per share from its 2015 high of over $6 per share. The offering dramatically diluted the value of the existing shareholders, and drove the Company’s stock price to threateningly low levels.
If you hold Great Basin securities, or if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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