Shares Genius Group Ltd.
GNS,
added 52% in premarket trading on Friday, extending the previous day’s gain after the Singapore-based education company announced it had appoint a former FBI official to investigate allegations of illegal trading in its shares. Shares rallied a record 290% on Thursday on high volume and saw 7.2 million shares change hands before marketing on Friday. The company said Timothy Murphy, a former deputy director of the FBI, will lead a task force to investigate the short selling of its stock that drove the price down. The company is also paying a special dividend to shareholders to help expose wrongdoing.
