Shareholders Foundation, Inc.

Investor Investigation of Pure Cycle Corporation (NASDAQ:PCYO) Announced

An investigation for current long-term investors in shares of Pure Cycle Corporation (NASDAQ:PCYO) over potential wrongdoing by certain officers and directors of Pure Cycle was announced and current long-term NASDAQ:PCYO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
Repost This

San Diego, CA -- (SBWIRE) -- 12/23/2013 -- An investigation on behalf of current long-term stockholders of shares of Pure Cycle Corporation (NASDAQ:PCYO) was announced concerning whether certain Pure Cycle officers and directors possibly breached their fiduciary duties in connection with certain statements.

Investors who are current long-term stockholders of shares of Pure Cycle Corporation (NASDAQ:PCYO) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Pure Cycle officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for the Pure Cycle Corporation 2014 Equity Incentive Plan.

In the Proxy Statement filed by Pure Cycle Corporation with the Securities and Exchange Commission the Board of Directors recommends that Pure Cycle’s shareholders vote to approve the 2014 Equity Incentive Plan to issue 1,600,000 shares of the Company’s common stock.

According to the investigation the issuance of the additional shares could have a severe dilutive effect on the shares of Pure Cycle Corporation.

Pure Cycle Corporation reported that its Total Revenue rose from $0.28 million for the 12 months period that ended on August 31, 2012 to $1.86 million for the 12 months period that ended on August 31, 2013 and that its respective Net Loss declined from $17.42 million to $4.15 million.

Shares of Pure Cycle Corporation (NASDAQ:PCYO) grew from $1.76 per share in early 2012 to as high as $7.17 in May and October 2013.

On December 20, 2013, NASDAQ:PCYO shares closed at $5.93 per share.

Those who purchased shares of Pure Cycle Corporation have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com