The proposal I mentioned got started. Here is the test:"I submit the following resolution for inclusion in the proxy statement in accordance with Rule 14a-8 of the general rules and regulations of the Securities Exchange Act of 1934:
"No member of the management team or the Board of the Directors (BOD) with potential conflict of interest can serve or continue to serve in the management team or the BOD unless he/she sign a statement declaring his/her COMPLETE fiduciary duties to the MLNK shareholders. Any member with potential conflict of interest shall be barred from comunicating information about MLNK with the entity tor entities hat generated the potential conflict of interest"
I'm the beneficial owner of at 61,575 shares of MLNK common stock and I have held the requisite amount of stock for over a year and intend to maintain ownership through the annual meeting in 2018."
Last year they announced on June 8, and the previous year on June 9. I think June 9 is the latest they can report w/o being out of compliance with SEC rules. Due to lack of company transparency, I don't have any handle on what to expect. As I noted earlier, the rise in MED's share price could give them a boost - that is if they still own any. Guess we're in wait & see mode here again.
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I'm planning on submitting a resolution to bar members of the board and management fwho may have conflict of interest rom serving on the company unless they sign fiduciary to mlnk shareholders. I need someone in the meeting to move the resolution since I can't attend.
I expext that the earning will be horrible and I'm waiting to add the bulk of my shares after the stock settles down from the bad earning. I still don't like the lack of transparbcy but I'm a gambler and could wait out until my bet pays out
Really? If this is true, I applaud your bold move and think its correct give the value play here...Good Luck...
"Steel Partners Holdings L.P. and its affiliates may have interests that conflict with the interests of our other stockholders and have significant influence over corporate decisions
Steel Partners Holdings L.P. (“Steel Partners”), Handy & Harman, Ltd. (“HNH”), Steel Partners, Ltd. (“SPL”) and SPH Group
Holdings LLC (“SPHG Holdings”) collectively owned greater than 34% of our outstanding capital stock as of May 31, 2015. Steel
Partners, HNH, SPL and SPHG Holdings will be able to influence our management and affairs and all matters requiring
stockholder approval, including the election of directors and approval of mergers, consolidations or the sale of all or substantially
all of our assets. In addition, this concentration of ownership may have the effect of delaying or preventing a change in control of
our Company and might adversely affect the market price of our Common Stock.
On December 24, 2014, SP Corporate Services LLC (“SP Corporate”), an indirect wholly owned subsidiary of Steel Partners
Holdings L.P., entered into a Management Services Agreement (the “Management Services Agreement”) with the Company.
Pursuant to the Management Services Agreement, SP Corporate will provide the Company and its subsidiaries with the services of
certain employees, including certain executive officers, and other corporate services. The Management Services Agreement
provides that the Company will pay SP Corporate a fixed monthly fee of $175,000 in consideration of the Services. The fees
payable under the Management Services Agreement are subject to review and such adjustments as may be agreed upon by SP
Corporate and the Company. The Management Services Agreement was effective as of January 1, 2015 and was to continue
through June 30, 2015. During the quarter ended July 31, 2015, the Company and SP Corporate entered into an amendment to
extend the term of the Management Services Agreement through December 31, 2015, with such term renewing for successive one
year periods unless an
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
COOPER CREEK PARTNERS MANAGEMENT LLC 03/31/2016 1,013,172 485,683 92.08 1,418
VANGUARD GROUP INC 03/31/2016 1,980,706 439,672 28.53 2,773
RENAISSANCE TECHNOLOGIES LLC 03/31/2016 1,324,242 224,635 20.43 1,854
BRIDGEWAY CAPITAL MANAGEMENT INC 03/31/2016 443,055 130,000 41.53 620
DEUTSCHE BANK AG\ 03/31/2016 85,735 76,299 808.60 120
TETON ADVISORS, INC. 03/31/2016 1,690,000 50,000 3.05 2,366
GAMCO INVESTORS, INC. ET AL 03/31/2016 568,000 48,000 9.23 795
SG AMERICAS SECURITIES, LLC 03/31/2016 37,161 37,161 New 52
TOWER RESEARCH CAPITAL LLC (TRC) 03/31/2016 36,512 34,912 2,182 51
CREDIT SUISSE AG/ 03/31/2016 37,358 27,077 263.37 52
TWO SIGMA INVESTMENTS, LP 03/31/2016 71,776 21,942 44.03 100
KCG HOLDINGS, INC. 03/31/2016 20,549 20,549 New 29
CITIGROUP INC 03/31/2016 39,793 19,764 98.68 56
FIRST MANHATTAN CO 03/31/2016 37,500 17,500 87.50 53
GABELLI FUNDS LLC 03/31/2016 415,000 15,000 3.75
I'm waiting for them to do an acquisition. Also I approve them getting rid of the large customer (HP) even rgough it is painful short term because every time MLNK made little money HP demanded and forced discount which made mlnk lose money. Right sizing is painful short term but hopefully acquiring ne business will end the pain. MLNK is moving in the right direction but it is very slow and less transparent. As u see my thesis is based on hope not concrete info because insiders keep the info to themselves
I own 50k going back to $22 era before reverse stock split which is another tell-tell sign that the company is doing bad. I am just speechless that you plan on adding another 150k shares. You are a smart investor, I take it. What makes you believe this company is worth a penny considering daily trading volume average is 140k on less than $1.50 share stock and declining revenue? I am f*ing stuck here just like most investors on this board anyway, so please humor me (and all of us) with your insight.
Inhale because I am going to tell you how I made A TON of money in the markets just recently. Google “LionStockAlerts” and see for yourself…They have killed it for me
They're showing 1,013,172 shares, up from 527,489 shares. My thesis that one or more of the big 'tute holders bailed last quarter is now in question, but we've still got a few to go...
Vanguard's holdings report came out this morning, and it shows they held 1,980,706 MLNK shares as of 3/31. This compares to 1,541,034 they held at the end of last year, so they've added almost 440K.
I'm more frustrated with the share prices than u. I own over 46000 shares most from along time ago but ur suggestion is nonsense. How many shares u own? By the way I'm going to add 150000 in the next 3 months after earning
I brought up the idea about class action lawsuit out of frustration and you are beginning to annoy me now.
I like people who make common sense and you are not one of them.