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Stock Market & Financial Investment News

News Breaks
June 20, 2012
15:08 EDTQBAKQualstar says BKF failed in attempt to take over Board
Qualstar (QBAK) announced that, based on preliminary voting results, BKF Capital Group did not obtain the required votes and thus failed in its attempt to take over the Qualstar board. Certified voting results are expected from the independent inspector within the next 5 days. "We thank our shareholders for their support and confidence in our board and management team to continue to execute our turnaround strategy that is already underway at Qualstar," said Lawrence Firestone, Qualstar's CEO. "We are pleased to have this disruption behind us so we can devote our full attention to the operation of our business and the execution of the turnaround plan." Firestone continued, "Shareholders made the correct decision to reject BKF's unwarranted campaign to take over the company. Our Board remains committed to returning Qualstar to sustainable profitability and growth."
News For QBAK From The Last 14 Days
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June 17, 2013
08:55 EDTQBAKGlass Lewis recommends that Qualstar holders vote the WHITE proxy card
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June 13, 2013
10:06 EDTQBAKQualstar to host business news update conference call
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June 12, 2013
08:39 EDTQBAKQualstar urges stockholders to vote for nominees on WHITE proxy card
Qualstar announced that it is has mailed a letter to shareholders commenting on the latest attempt by BKF Capital Group, an entity controlled by Steven N. Bronson, to seek control of Qualstar without paying shareholders an appropriate control premium and urges stockholders to vote for nominees on the WHITE proxy card.
June 11, 2013
16:04 EDTQBAKQualstar adds two authorized resellers for international sales
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