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Stock Market & Financial Investment News

News Breaks
January 31, 2013
16:17 EDTCRDCCardica reports Q2 EPS (11c), consensus (11c)
Reports Q2 revenue $874,000, consensus $950,000.
News For CRDC From The Last 14 Days
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October 1, 2014
06:09 EDTCRDCCardica discloses it sent letter to Broadfin Capital
Cardica responded to Broadfin's Septermber 15, saying "We were obviously disappointed that your schedule did not permit a telephone call that we had requested the week of September 15th, but we were glad you were finally able to participate in a call with our Chairman of the Board, Kevin Larkin, and our Chief Executive Officer, Dr. Bernard Hausen, last Tuesday, September 23rd. We felt that after that phone call, we had a path to sit down, work out a solution and avoid a proxy contest. Your most recent letter, however, did not reflect our conversations but rather retreated to your previous demands to nominate four of six possible directors and added yet more demands we find to be contrary to your comments that you are interested in a productive conversation and solution... While you have indicated numerous times that your legal counsel is charting your path, we thought that as businessmen we could work toward a solution to avoid such a costly and time consuming process with the shared goal of enhancing Cardica’s value to all our stockholders... You indicate in your letter that your nominees are unwilling to meet with the current Board of Directors prior to a settlement agreement being executed. We are perplexed by this stance given that you expressed a willingness to do so--in fact, you suggested it--in your telephone conversation with Dr. Hausen and Mr. Larkin. Our sole requirement was that a reasonable confidentiality agreement be signed."

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