June 19, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Root9b Technologies Inc (OTCMKTS:RTNB) shares over potential securities laws violations by Root9b Technologies 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 Root9b Technologies Inc (OTCMKTS:RTNB) concerning whether a series of statements by Root9b Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Root9b Technologies Inc reported that its annual Total Revenue declined from $26.40 million in 2013 to $20.18 million in 2014 and that its respective Net Loss increased from $6.13 million to $24.44 million.

Shares of Root9b Technologies Inc (OTCMKTS:RTNB) grew from $0.53 per share in May 2014 to as high as $2.45 per share in May 2015.

On June 15, 2015, a report was published on Root9b Technologies Inc asserting, among other things, that Root9b Technologies Inc is created by insiders with long history of penny-stock wipeouts and fraud allegations, that Root9b Technologies Incs claimed cyber business is minuscule and imploding and largely appears to be an old employee training program, which RTNB resells or other irrelevant, overhyped offerings, and that insiders enriched themselves with Root9b Technologies Inc through curious related-party transactions, abusive compensation and unloading their failing investments into the public shell at overvalued prices.

Shares of Root9b Technologies Inc (OTCMKTS:RTNB) declined on June 15, 2015 to as low as $1.53 per share.