Celsius has an ex-CFO named Jan Norelid, who may still be working at the company.
"On September 25, 2008, the Securities and Exchange Commission entered into a consent with Jan Norelid, our Chief Financial Officer and a director, for the entry of a judgment against Mr. Norelid in a matter brought by the Securities and Exchange Commission in the United States District Court for the Southern District of Florida (Case No. 08-61524-CIV). The Security and Exchange Commission’s allegations resulted from Mr. Norelid’s purchase and sale of the stock of Services Acquisition Corp. International in 2006 while he acted as a consultant to that company. Mr. Norelid did not admit or deny the Security and Exchange Commission’s allegations but agreed to a permanent injunction, disgorgement of $5,102, prejudgment interest of $906 and a penalty of $8,865. None of the Securities and Exchange Commission’s allegations involved our company."
Last August, and before he resigned from Celsius, Norelid sold large numbers of his own shares.
The co. disclosed a $340,000 severance payment to him.
thank goodness this report has relavance only if you want it to have relavance. it has been written about many many times on this msg board. thanks for nothing. i hope you have sold your stocks. they are quite high right now. sell and go home
Write Celsius IR department let them know that they have been targeted by a boiler room whose intent is to devalue their company. Yahoo may listen to them and take effective action against this criminal enterprise.