August 29, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Neuromama Ltd (OTCMKTS:NERO) shares over potential securities laws violations by Neuromama Ltd 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 Neuromama Ltd (OTCMKTS:NERO) concerning whether a series of statements by Neuromama Ltd (OTCMKTS:NERO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 15, 2016, the U.S. Securities and Exchange Commission ordered a stop on Neuromama Ltd (OTCMKTS:NERO) stock trading, for possible market manipulation and suspected fraudulent media statements, all while the public and investors were trying to determine who has been in control of Neuromama's operations and management. It was reported that also false statements were also made to the investing public regarding a pending application to be listed on the NASDAQ.