Shareholders Foundation, Inc. vs @WirelessRonin
Adrian J Cotterill, Editor-in-Chief
Disgruntled investors (that will be ALL then) who purchased shares of Wireless Ronin Technologies, Inc. (NASDAQ:RNIN) are being encouraged to contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
It seems that there is an investigation focussing on possible claims on behalf of purchasers of the securities of Wireless Ronin Technologies, Inc. concerning whether a series of statements by Wireless Ronin Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
May 30th, 2013 at 12:44 @572
What did they think they were getting there?!?!
May 30th, 2013 at 19:21 @848
Look at the RNIN chart from February 21 to today. Notice the giant spike on 2/28/13, the same day that the company issued a misleading press release regarding potential of their work with Samsung’s SoC product. The otherwise unexplainable spike to $4.28 wass short lived, receding to $1.87 a week later, when the company placed $1.5M worth of shares and warrants at $1.80 per unit through Roth Capital. The stock has not sniffed that level since. Those investors as well as anyone who bought in on the open market after that hype probably feel like they have a strong case against management for various misdeeds. At the very least, they are pissed and want answers. A bucket of 4-year old Original Recipe from KFC isn’t going to cut it. Good luck explaining yourselves, Scott and Darin.
May 31st, 2013 at 13:07 @588
Somewhat surprised this hadn’t surfaced earlier. There have been claims from the IPO of a tremendous pipeline that never surfaced to the NewSight deal to all the other references of what’s right around the corner. You can really only blame the investment firms for biting on these sales pitches, then reselling it to their investors. It’s a good lesson for anyone investing into an IPO. You may think you know what’s going on by talking to the Execs who need your money, but in the end it’s just a sales job and they hooked investors for millions of cash. As an independent investor how do you know more than the investment firm when the only answers you hear are from the people selling?