-
If you are a current long-term stockholder of shares of Geospace Technologies Corp (NASDAQ:GEOS), you have certain options and should contact the Shareholders Foundation, Inc.
-
To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
June 18, 2013 (Shareholders Foundation) - An investigation on behalf of current long-term stockholders of shares of Geospace Technologies Corp (NASDAQ:GEOS) was announced concerning whether certain Geospace Technologies officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Geospace Technologies officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
Geospace Technologies Corp reported that its Total Revenue increased from $92.86 million for the 12 months period that ended on Sept. 30, 2009 to $191.66 million for the 12 months period that ended on Sept. 30, 2012, and that its respective Net Income rose from $1.76 million to $35.12 million.
Shares of Geospace Technologies Corp (NASDAQ:GEOS) grew from $65.18 per share in November 2012 to as high $110.88 per share in March 2013.
On June 17, 2013, NASDAQ:GOES shares closed at $72.61 per share.
