Echo Lake Capital Calls for the Liquidation of Neurometrix, Inc. [Yahoo! Finance]
NeuroMetrix, Inc. (NURO)
Last neurometrix, inc. earnings: 4/20 07:00 am
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US:NASDAQ Investor Relations:
investor.neurometrix.com/investor-relations
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Source: Yahoo! Finance
- Notes tremendous destruction of shareholder value under company's leadership - Sees no reason for company to remain public NEW YORK, NY / ACCESSWIRE / March 4, 2024 / On February 27, 2024, Ephraim Fields of Echo Lake Capital filed a Schedule 13D which included a letter to the Board of Directors of Neurometrix, Inc. (NASDAQ:NURO) . The letter described his belief that the company should immediately liquidate because its stock price is trading significantly below net cash and because Mr. Fields sees no reason why the company should remain public. Among other things, the letter also questioned the Board's decision to issue stock at prices below net cash and its desire to create shareholder value. A full copy of the letter can be found below: CONTACT: Ephraim Fields ef@echolakecapital.com February 27, 2024 To the Board Of Directors: As of December 31, 2023, NeuroMetrix had approximately $18.0 million of net cash and approximately 1.5 million shares outstanding, which
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NURO
News
- NeuroMetrix, Inc. (NASDAQ: NURO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NeuroMetrix, Inc. (NASDAQ: NURO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- NeuroMetrix, Inc.'s (NASDAQ:NURO) CEO Might Not Expect Shareholders To Be So Generous This Year [Yahoo! Finance]Yahoo! Finance
- NeuroMetrix names new independent director, terminates equity program; shares up [Seeking Alpha]Seeking Alpha
- NeuroMetrix Announces Steps Taken to Enhance Shareholder Value [Yahoo! Finance]Yahoo! Finance
NURO
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- NURO's page on the SEC website