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Yesterday, OPT again postponed its annual meeting due to OPT's inability to obtain a quorum. Embarrassed and desperate, the Board now has delayed the annual meeting for three weeks until February 28, 2024. Paragon is investigating whether OPT's adjournment is in violation of SEC rules.
Paragon Chairman and CEO Sham Gad states, "OPT's continued failure to obtain a quorum for its "2023" annual meeting confirms the glaring disapproval from shareholders related to OPT's atrocious financial results and self-serving board actions and reflects how out of touch OPT's Board is from its shareholders - the rightful owners of the business."
Posted In: OPTT
