Purchasers 5/26/98-6/11/98
Saf T Lok Inc. LOCK 5/26/98 - 6/11/98
On June 11, 1998, Saf T Lok, Inc. terminated its President and Chief Executive Officer, John L. Gardner, announcing that Gardner had exceeded the authority granted him by the Board of Directors by causing Saf T Lok, Inc. to enter into a development agreement with Semiconductor Laser International Corp. (SLIC). The company canceled the development agreement with SLIC. From June 10, 1998 to June 12, 1998, Saf T Lok's stock price dropped from $5-1/16 per share to as low as $2-1/4 per share. The stock has continued to drop.
If you purchased LOCK shares during the period 5/26/98-6/11/98, you are a member of a class of injured shareholders. If you have information which would help us prosecute Saf T Lok Inc., please contact us at mail@schubert-reed.com. If you want more information about LOCK or class action lawsuits, please review our web site at schubert-reed.com. |
