$NAVB,,WOW,,shareholders voted down company seatin
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Posted On: 07/03/2017 5:06:15 PM
$NAVB,,WOW,,shareholders voted down company seating and a stock split!!
Navidea Biopharmaceuticals (NAVB) slid 5.9% today after disappointed shareholders rejected a plan to issue a reverse split on the stock, and withheld approval for the company's board nominees.
• A 20-for-1 reverse split -- which would give a boost to a stock price that settled at $0.48 in today's brief session -- was rejected by 64% of voters.
• In addition, 41.6M shareholder votes went against seating CEO/Chairman Michael Goldberg on the board vs. 27.99M for, and 40.88M voted against Mark Greene vs. 28.7M for. The disapproval of the board nominees doesn't prevent them from being seated.
• Shares haven't risen above the $1 mark since September.
Navidea Biopharmaceuticals (NAVB) slid 5.9% today after disappointed shareholders rejected a plan to issue a reverse split on the stock, and withheld approval for the company's board nominees.
• A 20-for-1 reverse split -- which would give a boost to a stock price that settled at $0.48 in today's brief session -- was rejected by 64% of voters.
• In addition, 41.6M shareholder votes went against seating CEO/Chairman Michael Goldberg on the board vs. 27.99M for, and 40.88M voted against Mark Greene vs. 28.7M for. The disapproval of the board nominees doesn't prevent them from being seated.
• Shares haven't risen above the $1 mark since September.
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
https://twitter.com/twitter/statuses/957208055766241280
https://twitter.com/twitter/statuses/957208055766241280
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