GLENBROOK CROSSES 30% OWNERSHIP OF SENESTECH
Glenbrook Capital Management disclosed it has crossed 30% ownership of SenesTech and published an open letter to the board urging better marketing and reduced dilution. The long-time backer called the stock grossly undervalued, cited Q3 topline growth of 40% and a $4 million run rate, and criticized a recurring cycle of dilutive offerings and reverse splits.
Key figures
- Revenue run rate
- $4 million
- Q3 topline growth
- 40%
- Glenbrook ownership
- more than 30% of outstanding shares
AI analysis
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