Showing posts from July, 2019

Aceto Corporation Equity Committee (OTC:ACETQ)

Yesterday a consortium of shareholders making up more than 5% of Aceto Corp.'s equity filed a verified statement and an Objection to the Disclosure Statement.  The holders are listed below: The ad hoc committee is represented by Brown Rudnick. As mentioned in the Objection, the shareholders believe the equity of Aceto is in the money, however there is not adequate information provided in the Disclosure Statement for "a hypothetical investor of the relevant class to make an informed judgment about the plan.” The consortium also intends to promptly request an appointment of an Equity Committee. The latest Monthly Operating Report for the month of April was filed on Monday and can be found here . The Objection can be found here