$INV shareholder Ascent Capital has issued a formal letter urging Innventure's board and management to take immediate action—echoing concerns raised by investors over the past nine weeks.
The letter calls for overhead reduction and strategic changes, though some investors believe it doesn't go far enough. Critics point to CEO Bill Grieco and major shareholder Otworth, accusing them of inaction and self-dealing.
If management adopts Ascent's recommendations quickly, the stock could potentially climb above $1, according to the letter's assumptions. Time is running out.
The letter calls for overhead reduction and strategic changes, though some investors believe it doesn't go far enough. Critics point to CEO Bill Grieco and major shareholder Otworth, accusing them of inaction and self-dealing.
If management adopts Ascent's recommendations quickly, the stock could potentially climb above $1, according to the letter's assumptions. Time is running out.