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Message: Company response re share price jump

ZENN Motor (TSX:V.ZNN, Stock Forum), a Toronto-based beleaguered provider of emission-free transportation, responded to a mysterious spike in share value after the company had taken repeated beatings in the market over its failed efforts to prop up EEStor, the battery manufacturer slated to provide batteries for the electric vehicle producer.

According to the news release, the management stated there was no material change in the company to warrant the feverish trading that had the firm up 28% by the end of trading on the 27th.

ZENN was in the news recently when the company completed its exchange offer for EEStor shares with EEStor’s minority shareholders for shares in ZENN.

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