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Energy Focus, Inc. Message Board

  • bighalloweenfan bighalloweenfan Aug 19, 2013 9:17 AM Flag

    Looks like news is about 10,000,000 shares that could go into the market.

    Maybe this could turn out well for share holders! Sure others could put more in put on this then myself.

    Sentiment: Hold

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    • This is just the tip of an iceberg. There have been bigger problems than this 10 million share. The board is inbreed and has not been looking out for share holders. There has been continued dilution of shares over the last couple of years and the board has done nothing. A new board and management team is needed or this company will be filing for bankrupcy. Please note, I am not a short and have owned shares in this company for many years. Better commuication does not simply mean with friends of the chairman of the board and upper management. Also the last earnings conference call was disappointing at best. I want to see EFOI succeed but that will require new management and a board not totally controlled by insiders and investors that obtained shares below market values!!

    • First there was plenty of opportunity for someone to foster a class action suit against EFOI for dilution. From a corporate side, the creation of 10,000,000 shares for employees, should have a positive action in regard to their motivation to see the company succeed. I'm not to sure there is any merit to this class action suit.

    • The dilution itself isn't news... we've known about it since the proxy vote (I voted against it, for what good that did). So it should already be "baked in". The class-action is an unpleasant reminder of that, but in itself is a good thing. The stock will probably go down today anyway (already has somewhat, to .38, but still within its recent range).

    • Well if maybe the 10 mill don't come out!

 
EFOI
4.40-0.09(-2.00%)Aug 20 3:53 PMEDT

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