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Stock Market & Financial Investment News

News Breaks
July 1, 2014
13:31 EDTFORDWise condemns any 'extraordinary action' taken by Forward Industries
Terence Bernard Wise disclosed that he delivered a letter to Forward Industries' Chairman of the Board, expressing "strong condemnation of any prospective extraordinary action taken by the Board without shareholder approval prior to the contested 2014 Annual Meeting." Wise has engaged, and intends to continue to engage, in discussions with management and the board regarding the nomination of directors as well as ways to enhance stockholder value. He owns 19.6% of the company's outstanding shares.
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