Business
Tix Stays on Course to Create Shareholder Value and Will Not Be Derailed by Haren Bhakta’s Attempted Destructive Campaign
Tix Stays on Course to Create Shareholder Value and Will Not Be Derailed by Haren Bhakta’s Attempted Destructive Campaign.
About this update from Tix Corporation
[{"type":"text","content":"\nSTUDIO CITY, CA, March 11, 2019 (GLOBE NEWSWIRE) -- Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, is today providing an update to investors regarding Haren Bhakta.   \n In the past nearly two years, including as recently as February 6, 2019, Haren Bhakta and his newly formed fund, HSB Capital Partners, have repeatedly and continuously attempted to threaten Tix’s management and directors; harass Tix’s staff at the Company’s Las Vegas ticket booths; make numerous false statements and representations to and about Tix and its management; and mislead Tix’s shareholders in numerous material respects. During such period, Mr. Bhakta caused Tix to waste significant time, money (legal fees), and other resources to the detriment of the Company and its shareholders. Mr. Bhakta seems to have engaged in malicious conduct that has not served Tix’s best interests nor its shareholders’ value. Tix has responded to Mr. Bhakta numerous times, but he continues his malicious conduct. As an example, Tix’s July 23, 2018 press release is included below in its entirety regarding Mr. Bhakta’s threat to trigger the Company’s “Poison Pill” to the detriment of Tix Shareholders.  Management and the board continue to focus on the Company's business and the creation of shareholder value, as demonstrated by the Company's recent press release dated February 4, 2019, evidencing, among other things, the Company’s return to positive adjusted EBITDA and the return of Cirque du Soleil shows to its Las Vegas Tix4Tonight booths: https://finance.yahoo.com/news/tix-corporation-provides-investors-140000596.html It bears noting to Tix Shareholders that to the Company’s knowledge: Mr. Bhakta has no expertise in any aspect of ticket brokerage; no expertise or contacts with Las Vegas shows; no experience in public company management; and has not proposed any realistic benefit to the Company. Tix Corporation Points Out to Its Shareholder Haren Bhakta and His Family the Actual Consequences of Triggering a Poison Pill STUDIO CITY, Calif., July 23, 2018 (GLOBE NEWSWIRE) -- Tix Corporation (“Tix” or the “Company”) (OTCQX:TIXC), shareholder Haren Bhakta, has notified the Company’s office...