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Chain of Lakes Investment Fund challenges PCTEL (PCTI) Board on shareholder value

Chain of Lakes Investment Fund challenges PCTEL (PCTI) Board on shareholder value

Jul 10, 2024
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Snowball Research
Snowball Research
Chain of Lakes Investment Fund challenges PCTEL (PCTI) Board on shareholder value
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Key Summary: On August 29, 2023, Chain of Lakes Investment Fund (8.7%) criticized the Board for failing to create shareholder value and expressed concerns about the company's small scale and inefficient structure. They urged the Board to review strategic options, potentially selling the company for quicker capital return.

Market Cap: $81 million | PCTEL,…

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