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Clean Diesel Technologies Inc. Message Board

  • spanspur spanspur Jul 15, 2013 11:40 PM Flag

    Has Anyone Wondered Why?

    CDTI management decided to go forward with the secondary just a week or so before the Honda Acura deployment? Curious indeed! Especially with the inclusion of the warrants exercisable at $1.25 (I believe the PR stated warrants for 800k shares were issued).

    Let's see, the stock is trading at 1.90 to 2.10 and you are the CEO or the CFO and just like last year you know that the Honda announcement is coming, but the CFO crafts a deal at 40% lower share price, while also gifting 10% of the entire company in the form of 1.25 warrants to friends of Roth and the company. 10% of the company at no risk.

    What do I mean? After the secondary there were 2 or 3 computer generated 1 million share volume days wherein it is my belief that all that so-called Institutional Roth sold their shares at cost and now hold approximately 10% of the company for FREE!!!

    We are paying the CFO $450k per year. He needs to be fired and let go after this blatant act of fiduciary malfeasance. The good thing appears that the sale of the company is close at hand.

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