Following the publication of a letter addressed to shareholders from two of the biggest shareholders in Evercel Inc (OTCMKTS:EVRC), the company was in the news on Thursday.
The letter was published by Richard A Krantz and James D Gerson, who together have a stockholding of around 12% in Evercel. The letter had been published in response to a letter from Evercel to shareholders not too long ago. In the letter, Krantz and Gerson urged their fellow shareholders to not get distracted by the alleged false statements and scare tactics from the management of the company.
The duo stated that those scare tactics and false statements were in relation to the nominations as well as business proposals that it had put forward. Those proposals and nominations are going to be on the agenda at the annual meeting of shareholders that is going to be hosted by Evercel on October 7.
In the days leading up to the day, it might be a good idea for investors to keep an eye on the stock and any new developments. It should also be noted that in the past month the stock has managed to clock gains of 10% and could well be on the radars of many investors.
