The Wall St Journal has reported that Trinity Logistic is a bait and try company that uses bait and switches to lure investors into the stock.
Trinitys management, a former executive at Morgan Stanley, has previously been accused of selling short stocks at high valuations.
Trinity Logistics has been in the news recently for the recent takeover of a major retailer by Amazon, and for the sudden resignation of CEO Gary Eberhart after the retailer’s chief executive, Jeff Bezos, reportedly complained about the company’s performance.
Trinitys stock price fell more than 50% last year, and it was down about 70% in 2018.
Trinity Logistical shares are down about 30% over the last year.