Business
Arosa Investment Management Calls on Datatrak to Honor the Shareholder Vote in Favor of Arosa’s Director Candidates and Cease Delay, Intimidation and Entrenchment Activities
Arosa Investment Management Calls on Datatrak to Honor the Shareholder Vote in Favor of Arosa’s Director Candidates and Cease Delay, Intimidation and Entrenchment Activities.
About this update from Datatrak International, Inc.
[{"type":"text","content":"\n \n Arosa Investment Management LLC, the beneficial owner of approximately \n 9.9% of the shares of Datatrak International, Inc. (OTC:DTRK) that has \n initiated a proxy contest to elect three of five directors at Datatrak’s \n Annual Meeting of Shareholders, calls on Datatrak’s management to honor \n the shareholder vote in favor of Arosa’s director candidates and cease \n what Arosa believes are obvious delay, intimidation and entrenchment \n activities.\n \n \n Arosa believes that Datatrak abruptly delayed the Annual Meeting one day \n before the meeting for the sole reason that Arosa’s director candidates \n were winning the vote. Based on information provided to both Arosa and \n Datatrak by the proxy tabulator, Arosa was winning the vote and its lead \n was only growing as the Annual Meeting approached. Arosa calls on \n Datatrak to immediately honor the vote of shareholders in favor of \n Arosa’s director candidates.\n \n \n Arosa believes that Datatrak’s management has done everything it can to \n avoid allowing its own shareholders the fundamental right to elect the \n company’s directors, including by:\n \n \n • repeatedly threatening Arosa with its anti-shareholder poison pill,\n \n \n • threatening Datatrak employees not to vote for Arosa’s director \n candidates because management will be able to see their votes,\n \n \n • suing Arosa in an effort to intimidate Arosa and mislead shareholders, \n and\n \n \n • abruptly delaying its scheduled Annual Meeting at the last minute to \n avoid having to recognize the results of the shareholder vote in favor \n of Arosa’s director candidates.\n \n \n Arosa will not be intimidated by what it sees \n as shameless and amateurish scare tactics and entrenchment activities \n and will fight Datatrak’s management in whatever forum necessary to \n prevail. Arosa believes that \n Datatrak’s management and Chairman/CEO Larry Birch are desperately \n attempting to avoid the consequences of a shareholder vote in favor of \n Arosa’s director candidates.\n \n \n Arosa would like to thank the many Datatrak shareholders who have \n expressed support for our efforts and cast their vote in favor of our \n director candidates. Arosa asks for your vote in any new shareholder \n vote that may become...