CPC Issues Letter to Fellow XWELL (XWEL) Shareholders
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CPC Issues Letter to Fellow XWELL, Inc. Shareholders Revealing Intention Behind Recent Schedule 13D Filing & Lawsuit Against Entrenched Board of Directors
July 24, 2024 9:01 AM EDTThe sole focus of CPCs position and lawsuit against XWELLs entrenched Board of Directors (the Entrenched Directors) is to provide shareholders with an opportunity to elect a competing slate of directors to XWELLs existing Board at the next annual shareholder meeting.Under the leadership of the incumbent Board, led by Chairman Bruce Bernstein, XWELL has reported a combined net operating loss of $207.3 million from 2018 through 2023.Since February 2016, XWELLs common stock has declined in value by approximately 99%from $1,788 per share (accounting for... More
