QUMU - Dolphin Limited Partnership seeks Qumu strategic sale consideration based on company underperformance

Based on Qumu's (NASDAQ:QUMU) modest revenue and market capitalization and long record of significant operating losses despite favorable demand environments, Dolphin now seeks a strategic sale process to benefit all shareholders. In the past 6-months trading session, the stock has lost 61.2% and in its latest reported Q2 results, the company indicated a significant drop in revenues and net loss widened. Dolphin Limited Partnership III and another entity currently hold ~3.5% of the outstanding common stock of Qumu. The Dolphin Partnerships are private investments entities established in or about 1995 that have worked with managements and boards to generate value for all shareholders. A letter by Dolphin to Qumu states that, "If Qumu, after expending near $150M purchasing and investing in the video conferencing platform, can’t make the grade in the public markets, especially in a favorable demand environment and fresh equity capital than, in our view, Qumu must very quickly

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Dolphin Limited Partnership seeks Qumu strategic sale consideration based on company underperformance