|Day's Range||12.32 - 12.33|
|52 Week Range||4.95 - 12.98|
|PE Ratio (TTM)||-1.21|
|Earnings Date||Jul 6, 2017 - Jul 10, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||4.00|
SHANGHAI, May 15, 2017 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced that it has filed its annual report on Form 20-F for the fiscal ...
Litigation proceedings (the "Claim") have been commenced against three former directors of the Company, Andrew Y. Yan, Gordon Xiaogang Wang, and Jing Wang (the "Defendants"), and service of the Claim has been effected on all three Defendants. All three Defendants have now acknowledged service of the Claim and must file and serve their defences by 21 April 2017. As previously disclosed on December 1, 2016, and in the Company's February 14, 2016 6-k filing, the Company filed the Claim in the Grand Court of the Cayman Islands, (the "Cayman Court"), against the Defendants.
At 40-something, the video games market has slowed, but China's expansion, virtual reality and e-sports offer possible paths to new growth.