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LRAD Activist Shareholder Turns up Heat

sandiegouniontribune.com

Activist investor Iroquois Capital said Thursday that it has lost confidence in management at San Diego’s LRAD and will seek two board seats to push for changes at the company. Iroquois, which owns 6.8 percent of LRAD’s stock, initially sought changes in 2013 at LRAD, which makes long range communications systems used by defense departments and law enforcement agencies globally...

Mentions: Management Board of Directors