![]() The Activist Group has plans to take control of the Company’s Board for purposes at odds with the best interests of all shareholders. Jorgl is merely serving as the "face" of the group to conceal the significant roles of the criminals, and The campaign is being funded by another criminal, Michael Xirinachs, who recently pled guilty to wire fraud, These facts reveal the true picture:Ī convicted criminal, Franz Tudor, initiated the Activist Group campaign and selected the nominees, It is important that shareholders understand the truth and are not misled by those who do not share their interests.įortunately for all shareholders, a great deal of information has come to light as a result of the Activist Group’s lawsuit against the Company. The Company believes the Activist Group is spreading misinformation about the Company, its directors and its progress, including through numerous misleading StockTwits posts by Tudor under his handle "beaufordb" (which he conceded during a deposition belongs to him). The Activist Group has cherry-picked and distorted information from the litigation discovery and has attempted to create a smokescreen to hide its true intentions. Unless the result of the Delaware litigation is that the nominations are valid, all proxies submitted by the Activist Group at the Annual Meeting will be disregarded. The Court has not yet ruled, but the Company anticipates that the Court will be issuing its decision in advance of the Annual Meeting. On October 5, 2022, the Delaware Court held a hearing on Jorgl’s request for a preliminary injunction. ![]() Jorgl is attempting to fight this determination in a case currently pending before the Delaware Court of Chancery. In this case, the Activist Group did not provide this required information and, alarmingly, appears to have concealed myriad facts about its actions, funding, associates and intentions.Īfter careful deliberation, the Board unanimously determined that these nominations did not comply with AIM’s bylaws and were invalid. Like many companies, AIM has bylaw provisions in place to ensure that shareholders nominating director candidates present sufficient information for the Board to assess the nominations and to allow other investors to make informed decisions when they vote. Shareholders have the right to nominate director candidates for election to the Board, but are required to comply with AIM’s bylaws. ![]() The Activist Group intends to potentially acquire AIM, merge it with another company or sell all or part of the Company. The fact that its campaign to gain control of AIM has been orchestrated by an individual – Franz Tudor – who has been convicted of insider trading and is being funded by another individual – Michael Xirinachs – who recently pled guilty to wire fraud.Īfter Tudor determined to seek control via a proxy contest and selected the director nominees, he and his nominees searched for someone to buy AIM stock and serve as the "face" of the effort because the Activist Group wanted to hide the involvement of criminals (i.e., Tudor and Xirinachs). Key facts that the Activist Group is concealing include: We are writing to you today to set the record straight following the web of false and misleading statements made recently by a group of individuals that is trying to take control of the Board of Directors (the "Board") of AIM ImmunoTech (the "Activist Group"). ![]() (NYSE: American AIM) ("AIM" or the "Company") today issued a letter to shareholders to correct the record around recent false and misleading statements made by Jonathan Jorgl and other members of an activist group, who have attempted to nominate two director candidates for election as directors at the Company’s 2022 Annual Meeting of Shareholders and are seeking to take control of the Board. OCALA, Fla., October 26, 2022-( BUSINESS WIRE)-The Board of Directors ("Board") of AIM ImmunoTech Inc. Urges Shareholders to Continue to Support Company’s Positive Momentum Towards Value Creation by Voting on the WHITE Proxy Card to Re-Elect AIM’s Current Directors Group Concealed that Its Campaign Was Orchestrated by One Convicted Felon and Financed by Another Criminal – Until Forced to Do So in Context of Litigation Highlights Evidence of Group’s Scheme to Have Jorgl Serve as the "Face of the Activist" to Help Them "Get Control" Without Paying a Premium to All Shareholders Corrects the Record Regarding Activist Group’s False and Misleading Statements
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