Everyone has there own reasons/needs to enter or exit their positions at any given moment in time, I will offer this to those who are not aware, Kenneth H. Traub, ATHX Director purchased 140k shares on or about 6/24 at an average cost of $2.30, totaling $322,000, I personally don't mind adding at a lower basis than Mr. Traub Harvard Business School MBA, to each his own GLTA!
Kenneth H. Traub, 58, currently serves as the Managing Member of the General Partner of Delta Value Group Investment Partnership, LP, an investment firm, since September 2019. Mr. Traub also currently serves as Chairman of the board since 2017 and on the board of directors since 2012 of DSP Group, Inc. (NASDAQ: DSPG), a leading global provider of chipsets for voice and wireless communications. Mr. Traub also currently serves on the board of directors of Tidewater, Inc., (NYSE: TDW), a global provider of vessels for the offshore drilling industry, since 2018. From December 2015 to January 2019, Mr. Traub was a Managing Partner at Raging Capital Management, LLC, an investment firm. From 2009 through 2015, Mr. Traub was President and Chief Executive Officer of Ethos Management LLC. From 1999 until its acquisition by JDS Uniphase Corp. ("JDSU") in 2008, Mr. Traub served as President and Chief Executive Officer of American Bank Note Holographics, Inc. ("ABNH"), a leading global supplier of optical security devices for the protection of documents and products against counterfeiting. Following the sale of ABNH, he served as Vice President of JDSU, a global leader in optical technologies and telecommunications. In 1994, Mr. Traub co-founded Voxware, Inc., a pioneer in voice over Internet protocol communication technologies, and served as its Executive Vice President and Chief Financial Officer through 1998. From 1988 to 1994, he served as Vice President of Trans-Resources, Inc., a multi-national holding company and investment manager. He previously served on the boards of directors of the following public companies: (i) Phoenix Technologies, Inc., a supplier of the basic input-output system for the personal computer industry, from 2009 until the company was sold in 2010, (ii) iPass, Inc., a provider of mobility services for Enterprises and Carriers, from 2009 to 2013, (iii) MIPS Technologies, Inc., a leading provider of industry standard processor architectures and cores, from 2011 until the company was sold in 2013, (iv) Xyratex Limited, a leading supplier of data storage technologies, from 2013 until the company was sold in 2014, (v) Vitesse Semiconductor Corporation, a leading supplier of integrated circuit solutions for next-generation carrier and enterprise networks, from 2013 until the company was sold in 2015, (vi) A. M. Castle & Co., a specialty metals and plastics distribution company from 2014 to 2016, (vii) Chairman of the board of MRV Communications, Inc., a provider of packet and optical communications network equipment, from 2011 until the company was sold in 2017, (viii) IDW Media Holdings, a diversified media company, from 2015 to 2018 and (ix) Gulfmark, Inc., a global provider of vessels for the offshore drilling industry, from 2017 until Gulfmark merged with Tidewater in 2018, (x) Immersion Corporation (NASDAQ: IMMR), a leading provider of haptics technology, from 2018 to 2019, and (xi) Intermolecular, Inc., an innovator in materials sciences, from 2016 until the Company was sold in 2019 and where Mr. Traub served as Chairman from 2018 until the sale. He also served as the Chairman of the Board of the NJ chapter of the Young Presidents Organization and on the board of the NJ chapter of the World Presidents Organization since 2012. Mr. Traub received a BA from Emory College and an MBA from Harvard Business School. We believe Mr. Traub’s qualifications to serve on our board include his extensive experience and expertise in managing and growing companies to maximize shareholder value and can contribute to the board’s effectiveness in strategic, financial, operational and governance matters. Mr. Traub previously served as a director of Athersys from 2012 to 2016 .. GOOD LUCK LONGS
AI
