Aug. 13 at 3:36 PM
$CNTM They could have sold for
$68M, now it's worth
$214,000.
This demonstrates that they failed to uphold their fiduciary duty to their shareholders. Their actions failed to secure/maintain a reasonable amount of shareholder equity.
They have done nothing that they stated they would, and a case can be made that on several instances they intentionally mislead their shareholders.
- Botched Q3 financials and refusing to release any other for contrast
- 10M buy back program announced, never happened
- Releasing a PR claiming compliance for 1 issue, while knowingly being simultaneously delisted for another
- A direct promise from CEO promising weekly updates on post delisting agenda, provided 0 updates.
- Still failing to file financials that got them delisted NASDAQ and from OTC pink
No CEO can be this stupid to destroy 99.9% of the value in such a short period. This company should be assumed corrupt, and operating with malice toward it's shareholders. This company should be investigated.