/ raschrasch84's Library/ Notes/ Supposition Point Capital Administration Calls on MiMedx to Confirm the particular Company Has brought Characters of Serious Problem from other Shareholders
Supposition Point Capital Administration Calls on MiMedx to Confirm the particular Company Has brought Characters of Serious Problem from other Shareholders
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Disappointed that the MiMedx Panel Has Resorted to be able to Disinformation and Effects to Distract Shareholders from the Board's in addition to Management's Own Disappointments
Reiterates Intention to be able to Withhold Votes Towards Directors Phyllis Gardner and James Bierman at 2022 Twelve-monthly Meeting and Vote Against Approval associated with Executive Compensation
BATON ROUGE, La., May 18, 2022 /PRNewswire/ -- Prescience Stage Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven expense firm that beneficially owns approximately six. 7% of typically the outstanding common stock of MiMedx Group, Inc. ("MDXG" or even the "Company") (NASDAQ: MDXG), today issued the following statement:
"In recent push releases and correspondence, MiMedx has deceivingly portrayed Prescience Level as a single disgruntled shareholder. Nevertheless , from what we all understand, several additional large MiMedx shareholders, representing an incredible number of MDXG shares, have put correspondence to the Firm outlining similar concerns to ours. Along with an important have your say coming up in the Company's yearly meeting of investors on June 8, 2022, we believe it is imperative of which shareholders know the truth. As such, we demand the Board and administration to publicly verify that they include received letters associated with concern from all other big shareholders current days, " stated Eiad Asbahi, Founder in addition to Managing Partner of Prescience Point.
Like an example associated with the apparently common discontent in the MiMedx shareholder base, Supposition Point noted the particular following comments from an e-mail sent to the Board simply by a large, historical shareholder that has been lately made publicly accessible on an buyer information website:
"? Nevertheless , the crowning blow to almost all of this is [CEO] Tim's and this kind of Boards "Let them eat cake' strategy to pass around shares of stock like candy. Shareholders are being organised hostage by the particular resulting dilution involving this ill received compensation.
"Shame about this Board too for accepting thousands in stock plus cash each 12 months while shareholders suffer. You might be all derelict in the fiduciary responsibility to us? the particular true owners of MIMEDX who place our hard-earned money into the corporation.
"This management and board are not aligned with shareholders' needs and are a textbook example associated with all that will be wrong with business governance in all of us world of hpye and self coping. "
"Rather than acknowledge the fancy value destruction caused by the misguided strategies and behavior of the Plank and management, and even the totally unjustified stock awards that they have granted them selves, the Company features engaged in personal episodes against me structured on events from over two decades in the past that have long been settled. This is both a distressing weakness of character within a publicly-traded health care company, and a desperate make an effort to discompose shareholders from the failings of the Plank and management, very well said Mr. Asbahi.
Prescience Point reiterated its intention to be able to WITHHOLD its ballots against two people of MDXG's Board of Directors, Phyllis Gardner and Wayne Bierman, who are really up for election at the Company's annual meeting, and also to have your vote AGAINST approval of the executive payment package.
"We intend to send a message that this repeated failures and deficiencies of the MiMedx Table and management is going to not be suffered by shareholders, by voting WITHHOLD towards two directors and even voting NO in the Company's too much and undeserved exec compensation. We feel that will MDXG shareholders ought to not swallow each of the misleading and self-serving disinformation constantly becoming served up from the Board and supervision, and that that is incumbent on the Board since fiduciaries to create typically the record straight, " Mr. Asbahi noted.
Disclaimer
This material will not constitute an offer to sell or even a solicitation involving an offer to acquire any of the securities described herein in any state to any person. Additionally , the conversations and opinions throughout this press release are intended for general information simply and they are not intended to provide investment advice. All statements contained in this particular press release that will are not plainly historical in character or that always depend on foreseeable future events are "forward-looking statements, " which in turn are not assurances of future performance or results, plus the words "anticipate, " "believe, very well "expect, " "potential, " "could, " "opportunity, " "estimate, " and comparable expressions are typically meant to identify forward-looking statements. The expected results and transactions within this hit release which are not famous facts are depending on current expectations, speak only as involving the date associated with this press release in addition to involve risks of which may cause the particular results to end up being materially different. Selected information included inside of this material will be based upon data obtained by sources considered in order to be reliable. Not any representation is made with respect in order to the accuracy or completeness of this sort of data, and any analyses provided to support the recipient involving this presentation in evaluating the things described herein may possibly be depending on very subjective assessments and presumptions and may work with one among option methodologies that create different results. Appropriately, any analyses ought to also not get seen as factual and in addition should not end up being relied upon as a possible accurate prediction regarding future results. Almost prescience point capital management are unaudited estimates and controlled by revision without see. Prescience Point disclaims any obligation to update the details herein and stores the right to change any involving its opinions indicated herein whenever you want as it deems suitable. Past performance is not really indicative of potential results.
About Prescience Point Capital Supervision
Prescience Point Money Management is a new private investment office manager that employs forensic investigative techniques in order to unearth significant mispricing in global marketplaces. It focuses primarily on considerable investigations of difficult-to-analyze public companies within order to find out significant elements regarding the business which have been overlooked or ignored by others.
Prescience Point manages exclusive funds on account of its consumers and principals in addition to takes positions equally long and short in support of its research. Prescience Point invests around a broad set of equities it believes include abnormally large disparities between what their underlying businesses are intrinsically worth and even what their securities sell for. Typically the firm was founded by investor Eiad Asbahi last year plus is headquartered in Baton Rouge, UNA. Prescience Point Funds Management is a registered investment advisor using the State of Louisiana. Follow @PresciencePoint.
Cision View original content: https://www.prnewswire.com/news-releases/prescience-point-capital-management-calls-on-mimedx-to-confirm-the-company-has-received-letters-of-serious-concern-from-other-shareholders-301549997.html
Reiterates Intention to be able to Withhold Votes Towards Directors Phyllis Gardner and James Bierman at 2022 Twelve-monthly Meeting and Vote Against Approval associated with Executive Compensation
BATON ROUGE, La., May 18, 2022 /PRNewswire/ -- Prescience Stage Capital Management LLC ("Prescience Point"), a research-focused, catalyst-driven expense firm that beneficially owns approximately six. 7% of typically the outstanding common stock of MiMedx Group, Inc. ("MDXG" or even the "Company") (NASDAQ: MDXG), today issued the following statement:
"In recent push releases and correspondence, MiMedx has deceivingly portrayed Prescience Level as a single disgruntled shareholder. Nevertheless , from what we all understand, several additional large MiMedx shareholders, representing an incredible number of MDXG shares, have put correspondence to the Firm outlining similar concerns to ours. Along with an important have your say coming up in the Company's yearly meeting of investors on June 8, 2022, we believe it is imperative of which shareholders know the truth. As such, we demand the Board and administration to publicly verify that they include received letters associated with concern from all other big shareholders current days, " stated Eiad Asbahi, Founder in addition to Managing Partner of Prescience Point.
Like an example associated with the apparently common discontent in the MiMedx shareholder base, Supposition Point noted the particular following comments from an e-mail sent to the Board simply by a large, historical shareholder that has been lately made publicly accessible on an buyer information website:
"? Nevertheless , the crowning blow to almost all of this is [CEO] Tim's and this kind of Boards "Let them eat cake' strategy to pass around shares of stock like candy. Shareholders are being organised hostage by the particular resulting dilution involving this ill received compensation.
"Shame about this Board too for accepting thousands in stock plus cash each 12 months while shareholders suffer. You might be all derelict in the fiduciary responsibility to us? the particular true owners of MIMEDX who place our hard-earned money into the corporation.
"This management and board are not aligned with shareholders' needs and are a textbook example associated with all that will be wrong with business governance in all of us world of hpye and self coping. "
"Rather than acknowledge the fancy value destruction caused by the misguided strategies and behavior of the Plank and management, and even the totally unjustified stock awards that they have granted them selves, the Company features engaged in personal episodes against me structured on events from over two decades in the past that have long been settled. This is both a distressing weakness of character within a publicly-traded health care company, and a desperate make an effort to discompose shareholders from the failings of the Plank and management, very well said Mr. Asbahi.
Prescience Point reiterated its intention to be able to WITHHOLD its ballots against two people of MDXG's Board of Directors, Phyllis Gardner and Wayne Bierman, who are really up for election at the Company's annual meeting, and also to have your vote AGAINST approval of the executive payment package.
"We intend to send a message that this repeated failures and deficiencies of the MiMedx Table and management is going to not be suffered by shareholders, by voting WITHHOLD towards two directors and even voting NO in the Company's too much and undeserved exec compensation. We feel that will MDXG shareholders ought to not swallow each of the misleading and self-serving disinformation constantly becoming served up from the Board and supervision, and that that is incumbent on the Board since fiduciaries to create typically the record straight, " Mr. Asbahi noted.
Disclaimer
This material will not constitute an offer to sell or even a solicitation involving an offer to acquire any of the securities described herein in any state to any person. Additionally , the conversations and opinions throughout this press release are intended for general information simply and they are not intended to provide investment advice. All statements contained in this particular press release that will are not plainly historical in character or that always depend on foreseeable future events are "forward-looking statements, " which in turn are not assurances of future performance or results, plus the words "anticipate, " "believe, very well "expect, " "potential, " "could, " "opportunity, " "estimate, " and comparable expressions are typically meant to identify forward-looking statements. The expected results and transactions within this hit release which are not famous facts are depending on current expectations, speak only as involving the date associated with this press release in addition to involve risks of which may cause the particular results to end up being materially different. Selected information included inside of this material will be based upon data obtained by sources considered in order to be reliable. Not any representation is made with respect in order to the accuracy or completeness of this sort of data, and any analyses provided to support the recipient involving this presentation in evaluating the things described herein may possibly be depending on very subjective assessments and presumptions and may work with one among option methodologies that create different results. Appropriately, any analyses ought to also not get seen as factual and in addition should not end up being relied upon as a possible accurate prediction regarding future results. Almost prescience point capital management are unaudited estimates and controlled by revision without see. Prescience Point disclaims any obligation to update the details herein and stores the right to change any involving its opinions indicated herein whenever you want as it deems suitable. Past performance is not really indicative of potential results.
About Prescience Point Capital Supervision
Prescience Point Money Management is a new private investment office manager that employs forensic investigative techniques in order to unearth significant mispricing in global marketplaces. It focuses primarily on considerable investigations of difficult-to-analyze public companies within order to find out significant elements regarding the business which have been overlooked or ignored by others.
Prescience Point manages exclusive funds on account of its consumers and principals in addition to takes positions equally long and short in support of its research. Prescience Point invests around a broad set of equities it believes include abnormally large disparities between what their underlying businesses are intrinsically worth and even what their securities sell for. Typically the firm was founded by investor Eiad Asbahi last year plus is headquartered in Baton Rouge, UNA. Prescience Point Funds Management is a registered investment advisor using the State of Louisiana. Follow @PresciencePoint.
Cision View original content: https://www.prnewswire.com/news-releases/prescience-point-capital-management-calls-on-mimedx-to-confirm-the-company-has-received-letters-of-serious-concern-from-other-shareholders-301549997.html
