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CollabRx, Inc. Message Board

  • rmcpdr rmcpdr Mar 12, 2004 4:11 PM Flag

    Class Action Law Suit

    Where the hell does an insider get the nerve to sell off over $60 million as of the bigining '04 with no itemization or use of proceeds and no news. The ceo of a company with a market cap of only about $40 million. That is unethical!

    so he may argue they're his shares. Well he may own the paper but the company and his efforts have never evergenerated an income! So that whole $60+million is investor money being swept into his personal bank account.

    ether he is going to announce a buy back to the tune $30 million for a start or he is going to face the consequences of fiduciary negligence to the investment body. And that is grounds for dismissal or a class action.

    their contact at investor relation should be inundated with this observation.

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