What they did is to get MLNK to buy back as much as $40 million of its shares. Also, there is a very important mention of a self-tender. Also, they got two new independent board members on, and forced a board member to resign.
What that does is to take the excess cash off the hands of the current management and to put it in the hands of all shareholders. It will shrink the share float and force Wall Street to pay more attention to the company. Who knows, maybe someone will decide that this company is a good acquisition target.
This is the first real step in a long time that the company is being forced to take in order to restore its valuation. I support this move because it benefits all shareholders!
I am looking for this stock to hit the high $8's per share by the annual meeting in December.