Premier Exhibitions – Shareholders Stunned Over Suspected Graft

Premier Exhibitions - Shareholders Question Premier Merger, Stunned That Chinese Graft Suspect's Daughter Sourced $1MM by Andrew Shapiro

Here is the latest article on the developing story on the questionably-sourced financing of privately held Dinoking and its affiliated investors’ proposed merger with and share issuances from Premier Exhibitions. It includes quotes and actions from Premier’s two largest independent shareholders, my firm (Lawndale Capital Management) and PRXI 13D filer Gregg Schneider.

Lawndale has communicated its concerns to the SEC, requesting the proxy for the merger vote provide additional disclosure addressing what is to or may become of the questionably sourced $1MM of merger financing (or any additionally discovered questionable funding) which would otherwise receive newly issued equity and control of PRXI.

'Titanic' shareholders cast...

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