By Josh Beckerman
Longtime GSI Know-how Inc. shareholder Roumell Asset Administration LLC switched to the Type 13-D submitting utilized by activist traders, and criticized the board’s ranges of inventory possession and the corporate’s “paltry” enterprise worth.
Roumell reported an 8.1% stake within the semiconductor reminiscence firm.
GSI shares have been just lately up 10%, to $5.85.
Roumell stated “there’s a full absence of shopping for by administrators, even amongst very long-tenured board members.” It additionally stated “we imagine there may be rising concern amongst GSIT traders that the board lacks capital markets sophistication. Is the board conscious that the non-public fairness capital markets are on hearth and paying massive sums of cash to entry AI chip alternatives?”
Roumell referred to as for the corporate to take steps together with conducting a valuation evaluation on its patent portfolio. It stated a monetary adviser ought to carry out a valuation to draw strategic companions and “as a proactive measure ought to an unsolicited supply come over the transom.”
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