"My commitment to increasing value for all FSS stockholders is unwavering," Kanders wrote in a letter to the board. From FSS Yahoo article
Kanders said he has accepted an invitation from Chairman James C. Janning to meet with him and other board members to discuss his candidacy for the CEO position the week following the release of the company's quarterly earnings on July 25.
Kanders also expressed disappointment in Federal Signal's decision to sell its E-One business unit for $20 million, questioning whether the company is receiving the best price.
As I have tried to tell you multiple times this thing is binary type thing. Why might it be dropping.. obviously a seller is liquidating in what is now an illiquid stock. Market down 1 pct plus.. selling been going on for a bit (Agreed that sucks). Now if any of my suggestions are correct I would expect the inside purchases to stop. And oh yeah the FSS info suggests Kanders will be speaking with FSS this week. Now that the FSS quarter is done it is time for a permanent CEO to be put in place there. I would not expect management to purchasing stock in the next 7 - 14 days. JUst a guess.. now I cant do anything about others who have run out of patience and want to sell this thing basically for cash.