Replies to post #503 on Mitek Systems, Inc. (MITK)

[wadirum1]

Any thoughts on the CEO's departure? That appears to have been what sparked the sell-off.

I held MITK awhile back. Made a nice profit. Watching this meltdown from the sidelines. Seems like the company is still very solid.

[Trum]

Yeah it is easy to miss some of this activity - it really crept up on me too. We don't really know what "substantial premium" valuation means but my bet is that they were offered between $12-$14 per share valuation....and turned down.