LinkMotion: Under Pressure [Seeking Alpha]
LINK MOTION INC (LKM)
Company Research
Source: Seeking Alpha
Summary Pressure pushing down on me Pressing down on you, no man ask for Under pressure that burns a building down Splits a family in two Puts people on streets - David Bowie & Freddie Mercury Update on Shareholder Activism Folks, grab your seats and get some popcorn, looks like we got a fist fight. In the week since my last article, LinkMotion: Time for Change, quite a few events have occurred. 1. The number of shares committed to forcing a shareholder vote on management and the board now near 32M shares (from 25M shares). Assuming China AI supports the initiative, shareholders now have enough votes to force a vote. 2. Shareholders, through Omar Khan (former Co-CEO of NQ Mobile/LinkMotion (NYSE: LKM )), have clearly outlined the conditions needed by shareholders to avoid hostile activist actions and future litigation. 3. Shareholders have engaged The Seiden Group as counsel, a legal firm with significant experience in resolving disputes and achieving recovery
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