Jeff Eberwein CEO, COB of Hudson Global traded $HSON is buying shares hand over fist see Form 4s
Jeff Eberwein his Partners Chuck Gillman, Barry Igdaloff, Howard Amster & appointees David Pointer, Lee Keddie, Tim Eriksen, Bob Pearse (all past or current Novation Co $NOVC Board of Directors) drove Novation $NOVC share price to below 1 cent while at same time converting some their board compensation into 16M RSU 10% at pennies. This is the MOST unethical practice I have ever seen. SEC fined them close to half million for doing what they done at $NOVC
https://ir.hudsonrpo.com/static-files/8fbd48e2-2fc0-4213-ace4-7764d6344df5
Extracts
Share Repurchase Program (which give all the common Jeff Eberwein is buying per Forms more value because he is using working capital from $HSON to reduce the sliced or shares of $HSON Buy. Since the beginning of 2019, the Company has reduced its share count by 12% and continues to view share repurchases as an attractive use of capital. Under its $10 million common stock share repurchase program, the Company has $1.7 million remaining. $HSON Share Repurchase Program Since the beginning of 2019, the Company has reduced its share count by 12% and continues to view share repurchases as an attractive use of capital. Under its $10 million common stock share repurchase program, the Company has $1.7 million remaining. NOL Carryforward As of December 31, 2021, Hudson Global has $312 million of usable net operating losses (“NOL”) in the U.S., which the Company considers to be a very valuable asset for its stockholders. In order to protect the value of the NOL for all stockholders, the Company has a rights agreement and charter amendment in place that limit beneficial ownership of Hudson Global common stock to 4.99%. Stockholders who wish to own more than 4.99% of Hudson Global common stock, or who already own more than 4.99% of Hudson Global common stock and wish to buy more, may only acquire additional shares with the Board’s prior written approval.