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Stock Market & Financial Investment News

News Breaks
August 20, 2014
12:20 EDTCIDMRonald Chez sends letter to Cinedigm over insider ownership
Ronald Chez disclosed a letter sent to Cinedigm CEO Chris McGurk, which stated in part, "I was concerned to see that certain key officers and members of the Board of Directors have yet to make a serious personal financial commitment to own equity in Cinedigm apart from holding stock options...I believe the board policy should define ownership levels based on management positions ranging from 50% to 300% of base compensation for company officers, and three to five times annual director total compensation for outside directors. These levels should be achieved within a reasonable time frame." Chez owns 7.9% of Cinedigm's outstanding shares.
News For CIDM From The Last 14 Days
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April 16, 2015
11:01 EDTCIDMCinedigm acquires North American rights to 'A Brave Heart'
Cinedigm (has acquired North American theatrical, digital and home entertainment distribution rights to "A Brave Heart: The Lizzie Velasquez Story." The film is targeted to have a traditional theatrical release in October 2015, followed by full distribution in the physical, television and digital home entertainment channels and Cinedigm’s DOCURAMA digital network in early 2016.
April 8, 2015
17:35 EDTCIDMCinedigm price target lowered to $2.50 from $3.50 at Piper Jaffray
Piper Jaffray lowered its estimates and price target for Cinedigm to reflect the non-renewal of select GVE content but believes expectations have been reset to enable the company to outperform expectations from here. It keeps an Overweight rating on the stock.

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