In a recent article at Street Sweeper, Sonya Colberg has accused 3D Printer company ExOne of “diluting investors’ shares to raise millions just six months after its public offering”.
In the article, Colberg accuses CEO Kent Rockwell of mismanaging the firm and using it as his own “piggy-bank”. According to the report, within the company’s S1 registration papers lies a share sale plan that will enrich Rockwell more than the company during its next share offering. “The chief executive and his interests get far more money under this deal than the company itself”, explains Colberg.
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