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PVBC.US
id: 739, Created by Stan Vick, Scout
Provident Bancorp (PVBC) Fail-to-File Case
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
- Provident Bancorp failed timely file the 10-Q form with SEC.
- $PVBC fell 21%, damaging shareholders.
- Investors may suspect Provident and Accountables of misleading and negligence which led to investment losses.
On November 15, 2022, Provident Bancorp, Inc. (NASDAQ: PVBC) filed a Form NT 10-Q Notification of inability to timely file Form 10-Q for the quarter ended September 30, 2022. The Form NT 10-Q stated the delay was due to "estimates that Provident]will report net loss of approximately $27.5 million for the quarter ended September 30, 2022, compared to net income of $5.1 million for the quarter ended September 30, 2021."
On this news, $PVBC fell 21%, damaging investors.
Taking appeared facts into account, Investors may have reasons to suspect Provident and Accountables of misleading and negligence which led to investment losses.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 November 2022