I wouldn't put anything past this crew...Character and trust a huge qualities I look for in a CEO and unfortunately Jason has zero of both.
A sale of the company is Jason's only out... Makes this lawsuit go away and his financial failures disappear as well.
The judge on Thursday said the billionaire businessman, along with former Dole president and chief operating officer C. Michael Carter, breached their fiduciary duties of loyalty in structuring a $1.2 billion cash buyout that left the fruit-and-vegetable giant in Murdock's hands.
Vice Chancellor Travis Laster noted that a board committee was able to overcome most of the two men's "machinations," negotiating an increase in Murdock's initial $12 per share offer to a deal price of $13.50, which received a narrow 50.9 percent approval from stockholders.
"But what the committee could not overcome, what the stockholder vote could not cleanse, and what even an arguably fair price does not immunize, is fraud," wrote Laster, whose damage award represents an incremental value of $2.74 per share.
"Consumers no longer trust a simple printed label as a basis of authenticity, reducing trust and confidence in brand names," said Jason Hart, Identiv CEO.
WELL SAID MR. HART... THATS THE SAME WAY SHAREHOLDER'S FEEL ABOUT YOU!
What about the one million dollars (THAT'S $1,000,000 USD) Nelson allegedly received in INVE stock for loaning Hart $26,000???
Typical expenses??? Ask Lennart about his $7,500 watch ALLEGEDLY purchased with company money.
The former executive assistant to Identiv's CEO filed a complaint on 4/2/2015 alleging age and disability discrimination, retaliation and harassment under the California labor code and infliction of emotional distress in connection with her employment and termination by the company earlier this year. She sought a jury trial to award her lost wages, punitive damages, attorney's fees and other legal costs.
In the write-up of the background to her complaint, she alleges that Identiv's CEO submitted inappropriate expenses for reimbursement by the company and that the CFO was aware of these expenses. The expenses included servers, travel, meals, entertainment and gift cards, among other things, and total $167,544 based on what was enumerated in her complaint. These allegations are presumably what (1) caused Identiv to form a special committee of its board and retain the independent counsel to conduct an investigation and (2) caused Identiv's auditors to temporarily refrain from issuing new opinions on the company's financial filings.
Northland Securities reduced their price objective on shares of Identiv from $21.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Imperial Capital restated an “outperform” rating and set a $11.00 target price (down previously from $14.00) on shares of Identiv in a research report on Friday, May 15th. Finally, Cowen and Company lowered shares of Identiv from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $18.00 to $3.00 in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.50.
All of that in just 10 months...
from what I hear he is recently divorced with his ex wife taking him to the cleaners
from what I hear he fired his old assistant only to hire his new 23 year old girl friend
from what I hear he loves to gamble, drink in excess, and loves "columbian coffee"
all things I want in a CEO (sarcasm)... I regret the day I ever bought this crap and I have my fingers crossed that I can just get my money back. Jason Hart is an arrogant, narcissistic baboon.
regardless ZERO privates flew into BTV that day. In addition last time I checked a company must disclose non public material information within 4 business days in the form of an 8K.
so until next week its safe to ASSUME your upside down on your "investment" and will know that for a fact Wed...
I will give you an kudos for making me do some home work... No private Jet's flying into BTV (airport code for Burlington). Also searched all tail numbers of KO's privates and again nothing.
your desperation makes me feel better about 70 puts expiring this week as well as my 68's I have for next!
Next stop is a 58..... There is no way ANY fund or institution will commit any capitol until AFTER earnings. Which means ZERO support except for retail. Good luck!
One of our (2) 10+% holders has been making tons of money lending their shares to a European short. The only 2 people it could be are Royce and Mountain Partners. The potential culprit making even more money than the firm lending the shares is from Germany trade desks think, so it would tend to be more in line with Zurich based Mountain Partners. And guess who is the Founder that happens to be on the INVE Board?? Mr Daniel Wenzel. Any surprise w/ this crew? And all timed well with the "complaint". Of course this is only a rumor. What is not rumor is that the registered short interest (they tend to triple short naked what they borrow so much higher) is already up to 676k shares from 289K just 2 months ago. Times well with the quarterly miss as well. One crooked game here. Time for an SEC investigation if you ask me. JMO.