Fly-E Group, Inc. Common Stock (FLYE)
Fly-E Group, Inc. (FLYE) is a company that specializes in aerospace and drone technology solutions. It focuses on developing innovative unmanned aerial systems and related technology for various applications, including commercial, industrial, and defense sectors. The company aims to enhance aerial capabilities through advanced design and engineering.
Company News
A class action lawsuit has been filed against Fly-E Group, Inc. alleging misleading statements about revenue projections and product demand. The company's stock dropped 87% after revealing a significant revenue decrease and concerns about lithium battery safety.
The Bear Cave investigative newsletter warns of widespread pump-and-dump scams targeting U.S.-listed Chinese stocks, coordinated via WhatsApp groups and using fake investment tactics to manipulate stock prices.