VerifyMe (VRME) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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VerifyMe’s Board of Directors retains the capacity to issue preferred stock without shareholder consent, potentially entrenching current management by allocating superior voting rights to certain allies. This anti-takeover strategy might deter acquisition attempts, consequently depressing the market value of VerifyMe’s shares. Such corporate defenses could alienate investors, diminishing liquidity for the common stock and eroding shareholder value, regardless of the company’s operational success.
The average VRME stock price target is $2.85, implying 104.30% upside potential.
To learn more about VerifyMe’s risk factors, click here.
