April 18, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Bingo Nation Inc (OTCMKTS:BLTO) shares over potential securities laws violations by Bingo Nation Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Bingo Nation Inc (OTCMKTS:BLTO) concerning whether a series of statements by Bingo Nation Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Las Vegas, NV based Bingo Nation Inc., formerly Nexgen Applied Solutions Inc., is engaged in the business of leasing land and buildings to licensed cannabis producers in the state of Washington, which do not have the financial resources to purchase land and build their own greenhouses.
Shares of Bingo Nation Inc (OTCMKTS:BLTO) grew from $0.15 per share in late 2016 to $3.10 per share on April 11, 2017.

On April 11, 2017, Bingo Nation Inc received a notice from OTC Markets announcing that the stock would be delisted following discovery of ongoing promotional activities having the effect of encouraging trading of the issuers securities in the OTC market. Then on April 12, 2017, the Securities and Exchange Commission issued an Order to suspend trading through April 27, 2017 citing concerns regarding (i) the accuracy and adequacy of publicly available information in the marketplace and (ii) potentially manipulative transactions in Bingo Nations common stock.