Finjan Holdings Inc (FNJN)

[lbcb123]

Absolutely unbelievable and a clear failure to uphold their fiduciary duty to shareholders:

"On November 7, 2018, Party C submitted a revised non-binding proposal to acquire all of the stock of the Company for $5.10 per share in cash. Party C also requested the exclusive right to transact with the Company through November 30, 2018 with the possibility of extending such exclusivity through December 14, 2018. Party C explained several weeks of exclusivity was necessary due to the Company's unique business and the need for significant intellectual property and litigation due diligence and that this period of exclusivity was a requirement in order for them to commit the necessary time and financial resources to such due diligence effort."

THEY HAD AN OFFER OF $5.10 AND SOLD YOU OUT TO CONTINUE TO COLLECT SALARIES AND BENEFITS!

Hartstein sold his shares for over $5.00 as the offer leaked. Why would he do the deal now? He got his cash for shares and could still milk it for salary and benefits.

If there isn't a class-action lawsuit for failure to uphold his fiduciary duty to shareholders you are a shameful group!

They refused to continue negotiating in good faith and continued to spurn offers up to $3.50. $1.55 is a joke with what was on the table and you got SCREWED!