FKWL - Stockholder issues letter to Franklin Wireless requesting the board return cash to shareholders in the form of a special dividend and a stock buyback. Sinnet Capital also urges the board to act as a public company by issuing Press Releases to widely avail
CLAYTON, Mo., Dec. 28, 2023 /PRNewswire/ -- Sinnet Capital Partners, along with Managing Partner Timothy Hasara, collectively own 380,000 shares or 3.2% of the outstanding shares of Franklin Wireless (NASDAQ:FKWL), and today issued the following public letter to the Company's Board of Directors:
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December 28, 2023
Franklin Wireless Board of Directors
Gary Nelson, O.C. Kim, Kristina Kim, Heidy Chow, Jonathan Chase
Dear Members of the Board,
Franklin Wireless has generated cash over time, and specifically since the beginning of Covid. The cash has grown from $12.9 million in March 2020, at the beginning of the pandemic, to $33.6 million at the ...