New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:23 EDTASEIAmerican Science reports Q3 EPS 20c, may not compare to consensus 53c
Reports Q3 revenue $37.8M, consensus $42.71M.
News For ASEI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 15, 2014
15:15 EDTASEIASEI holder Willner says company should hire banking firm to explore options
Willner Capital, who together with its affiliates, is one of the largest stockholders of American Science and Engineering, ASEI, announced its extreme disappointment with the failure of the Board of Directors of ASEI to respond to its letter delivered to Denis R. Brown, Chairman of the Board, on September 26. In the September 26th Letter, the full text of which is included below, Willner Capital outlined its serious concerns with the company's abysmal stock price and operating performance and poor corporate governance practices under the stewardship of the current Board and management, including the company's ineffective use of excess cash. Willner Capital also identified opportunities to unlock significant value at ASEI in the September 26th Letter, including a spin-off of the company's newly released MINI Z technology. Willner Capital's concerns were further heightened in light of the company's recent announcement on September 30, that it anticipates a net loss in the second quarter of fiscal year 2015 and a work force reduction of approximately 10%. Michael Willner, President of Willner Capital, stated, "I am extremely disappointed with the Board's failure to respond to our serious concerns outlined in the September 26th Letter, particularly in light of the company's anticipated net loss for Q2 FY15'. In fact, over the past year, we have privately reached out to Charles P. Dougherty, the company's CEO, and most recently, Mr. Brown, to discuss our serious concerns. Unfortunately, our concerns have fallen, and continue to fall, on deaf ears. This merely confirms the company's extremely poor investor relations and stockholder communications policies, which we believe contributes to ASEI's stock price underperformance. The company's announced anticipated loss for Q2 FY15' only heightens our concerns regarding the direction of ASEI. We believe the Board should hire an investment banking firm to explore all strategic opportunities to maximize value for the benefit of all ASEI stockholders, including a sale or merger of the company."
15:11 EDTASEIASEI holder Willner says company should hire banking firm to explore options
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use