An investigation for investors in OTCMKTS:ADVCD shares was announced over potential breaches of fiduciary duties by certain directors at Beavercreek, OH based Advant-E Corporation.
Investors who purchased shares of Advant-E Corporation (OTCMKTS:ADVCD) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The Advant-e Corporation’s Board of Directors recently announced a company action to implement a 1 for 10,000 share reverse stock split and mandatory cash out of fractional shares at $0.50 per share on a pre-split basis to be followed by a 1,000 for 1 forward stock split.
The investigation by a law firm concerns whether certain Advant-E Corporation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders. More specifically, the investigation focuses on whether the $0.50 per share amount is sufficient and whether the steps taken by the Board of Directors in considering this transaction are adequate.
Those who purchased OTCMKTS:ADVCD shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com