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Pulse Electronics Corp Long Term Investor Alert: Investigation over potential Wrongdoing
An investigation for current long-term investors in shares of Pulse Electronics Corp over potential wrongdoing was announced and current NYSE-PULS stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
Investors who are current long-term stockholder of shares of Pulse Electronics Corp have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Pulse Electronics officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’
In the Proxy Statement filed by Pulse Electronics Corp with the Securities and Exchange Commission (“SEC”) the Board of Directors recommends that Pulse Electronics’
The amendment would increase the number of Pulse Electronics’
According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Pulse Electronics Corp common stock.
Pulse Electronics Corp reported that its annual Revenue fell from $432.28 million in 2010 to $369.28 million in 2011 and its respective Net Loss increased from $38.40 million to $53.39 million.
Shares of Pulse Electronics Corp declined from as high as $6.34 per share in March 2011 to as low as $0.275 per share in late December 2012.
On Jan. 8, 2013, NYSE-PULS shares closed at $0.38 per share.
Those who purchased shares of Pulse Electronics Corp , have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.