Grenke said it has convened a task force to deal with the detailed rebuttal of the accusations.
It said executives from the company including founder Wolfgang Grenke and Chief Executive Antje Leminsky will comment on the accusations during an investor call on Friday.
Perring, who admits he has shorted Grenke's stock, claimed almost 7,000 companies had been scammed across the U.K. and Australia by Grenke. "The worst part is the small and medium businesses are being impacted by predatory practices. So, if we don't make a stand, who will?"
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