Mitek Systems, Inc.
8.5500
-0.29%
8.5500
-0.29%
5.5000 10.7500
52 weeks
52 weeks

Mkt Cap 285.34M

Shares Out 33.37M

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Mitek Directors Are Involved In Highly Questionable Past And Present Legal Proceedings Despite A Clear Statement To The Contrary Within The 2016 Proxy

Summary

Mitek has significantly increased in value after being added to known penny-stock (aka pump-and-dump) websites.

There are at least two directors who are/were defendants of legal proceedings (settled, lost, and ongoing) related to financial accounting manipulation in the midst of heavy insider selling.

The 2016 Proxy assures investors this isn't the case despite public filings showing otherwise. There's also heavy insider selling at Mitek.

Mitek also uses an obscure auditor.

RTI believes this is a case of "history repeating itself", and has a price target of $3-4 (~50% downside).

Mitek Systems, Inc...


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