San Diego, CA -- (SBWire) -- 05/24/2017 --An investigation was announced on behalf of investors in shares of Bridgeline Digital Inc (NASDAQ:BLIN) was announced over potential breaches of fiduciary duties by certain directors.
Investors who purchased shares of Bridgeline Digital Inc (NASDAQ:BLIN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Bridgeline Digital directors breached their fiduciary duties and caused damage to the company and its shareholders.
Bridgeline Digital Inc reported that its Total Revenue declined from $19.22 million for the 12 months period that ended on September 30, 2015 to $15.89 million for the 12 months period that ended on September 30, 2016 and that its Net Loss for those respective time periods declined from $16.77 million to $7.82 million. Shares of Bridgeline Digital Inc (NASDAQ:BLIN) declined from $1.83 per share in June 2015 to $0.453 per share in November 2016.
On May 23, 2017, NASDAQ:BLIN shares closed at $0.655 per share.
Those who purchased shares of Bridgeline Digital Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Bridgeline Digital Inc (NASDAQ:BLIN) Investor Investigation over Potential Wrongdoing
An investigation on behalf of investors in Bridgeline Digital Inc shares over potential wrongdoing at Bridgeline Digital Inc was announced and NASDAQ:BLIN stockholders should contact the Shareholders Foundation.