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Commentary and Activism

pdf Lemelson Capital Management calls for Removal of Geospace Technologies (NASDAQ: GEOS) Senior Executives, Sale of Company

A three page letter published on February 9, 2017 calling on the board of directors of Geospace Technologies (NASDAQ: GEOS) to remove CEO Rick Wheeler and CFO Thomas McEntire. In addition, the letter urges the board to explore an immediate sale of the company. Geospace is a global leader in the design and manufacture of instruments and equipment used by the oil and gas industry.

pdf Lemelson Urges Senate Committee to Commence Investigation into Ligand Pharmaceuticals

A 9 page letter written in December 2016 to the U.S. Senate Special Committee on Aging, summarizing extensive alleged abuses of accounting, pharmaceutical reimbursement and classification guidelines and regulations by Ligand Pharmaceuticals (NASDAQ: LGND), a U.S.-based publicly-traded pharmaceutical company.  

In the letter, Lemelson urges the Committee to commence an investigation into these alleged abuses.

pdf Letter to Gary Owens, Chairman of the Board of Directors of Geospace Technologies, Inc.

An open letter dated July 10, 2017 to Gary Owens, Chairman of the Board of Directors of Geospace Technologies, Inc. urging an immediate share repurchase.

pdf Overview: Commentary and Activism

A brief overview on commentary and activism between 2014 and 2016.

pdf Rev. Fr. Emmanuel Lemelson Calls on Congress, Office of Inspector General to Investigate SEC Failures

A 20 page letter sent to Congress and the SEC on July 13, 2018, outlining extensive alleged accounting and securities fraud, and abuse of federal and state healthcare laws by Ligand Pharmaceuticals (NASDAQ: LGND). In the letter, Lemelson urges the Committees in both the House and the Senate to commence an investigation into these alleged abuses, as well as the Securities and Exchange Commissions (SEC) failure to stop them despite being provided abundant evidence of the alleged fraud spanning multiple years – failures he likens to the Commission’s botched Enron and Madoff investigations.


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