Navigation Links
The LCA-Vision Full Value Committee Commences Consent Solicitation to Elect New Board of Directors at LCA-Vision (Nasdaq: LCAV) and Sends Letter to Stockholders
Date:2/9/2009

Value Committee believes it should be obvious to all stockholders that the current Board has presided over disastrous operating and financial performance, poor capital allocation decisions and misguided business strategies. There can be perhaps no clearer indication of the failure of this Board and management team than LCAV's stock price. When Dr. Stephen Joffe stepped down as CEO of LCAV in February 2006, the stock was over $52 a share and the Company's market capitalization exceeded one billion dollars. In a three-year period, the current management team and Board have destroyed over 95% of stockholder value as the Company's market capitalization has plummeted to approximately $50 million. From market capitalization, revenues, same store revenues, procedural volume, national market share, or cash flow, sadly the story is the same, regardless of the financial or operating metric.

    The full text of the letter follows:

    February 9, 2009
    Dear Fellow Stockholders,

IT IS TIME FOR A CHANGE!

The existing LCA-Vision Board has overseen a dramatic deterioration in the Company's financial, operating and stock performance. We are seeking your support to replace the existing Board and senior management of LCA-Vision, Inc., who we believe have failed in their duty to protect and grow the value of your investment in the Company. They have presided over the loss of over $1 billion of stockholder value in just over 2 years - LCA-Vision's stock has tumbled from $32.71 per share on November 1, 2006 when Steve Straus was appointed CEO to just $2.75 per share on February 5, 2009, a gut-wrenching 92% decline.

Yet the Chairman of the Board stated in a letter to us as recently as December 10, 2008 that the Board does not agree with our description of the Company's condition as "dire" or its prognosis as "poor." Perhaps not for the directors and CEO Steve Straus who have very little of the
'/>"/>

SOURCE LCA-Vision Full Value Committee
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. Law Offices of Howard G. Smith Announces Class Action Lawsuit Against LCA-Vision Inc.
2. LCA-Vision Announces Upcoming Investment Community Events
3. LCA-Vision Reports Fourth Quarter and Full-Year 2007 Financial Results
4. LCA-Vision Announces Quarterly Dividend Payment
5. LCA-Vision Announces the Opening of its 74th LasikPlus Vision Center in Des Moines, Iowa
6. LCA-Vision Announces the Opening of its 75th LasikPlus(R) Vision Center in Tulsa, Oklahoma
7. LCA-Vision Announces the Opening of its 76th LasikPlus(R) Vision Center in Woodbridge, New Jersey
8. LCA-Vision to Present at the Bank of America 2008 Health Care Conference
9. LCA-Vision Conducts 2008 Annual Stockholder Meeting
10. LCA-Vision Announces Upcoming Investment Community Events
11. LCA-Vision Announces CFO Change
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/27/2015)... May 27, 2015 National ... partner, award winning web development and interactive ... announce the launch of its newly redesigned, ... , National Healthcare Providers, is a physician ... in the areas of Radiology, Anesthesiology, Emergency ...
(Date:5/27/2015)... CARSON, California (PRWEB) May 27, 2015 ... in quality drinking water filtration products, has announced ... system is one of the first to pass ... Compounds/Incidental Contaminants. The certification is monumental, proving that ... presence of select pharmaceuticals, over-the-counter medications, and chemicals ...
(Date:5/27/2015)... 2015 Net Pistol proudly welcomes two ... clients: , The Mobility Van Store of Lakeland, Florida, ... in the mobility industry. They have a team of ... or pre-owned wheelchair-accessible van, truck or car. Additionally, they ... lift chairs, three and four-wheel scooters, and manual wheelchairs. ...
(Date:5/27/2015)... The Advanced Fertility Center of Chicago announces that their ... better serve the needs of couples in Chicagoland. The ... Northwest side of the city at 4920 North Central Ave., ... the Chicago office at (773) 794–1818. This is the ... The other 2 offices are in Gurnee and Crystal ...
(Date:5/26/2015)... San Francisco, CA (PRWEB) May 27, 2015 ... innovative and beautiful technology for women, today announces ... jewelry that monitors women’s stress, sleep, activity and ... of jewelry with innovative health tracking technolo- gy, ... to stress levels, to provide women with lifestyle ...
Breaking Medicine News(10 mins):Health News:National Healthcare Providers Showcases Expanded Business Model with Launch of New Website 2Health News:National Healthcare Providers Showcases Expanded Business Model with Launch of New Website 3Health News:Water, Inc.’s BG-12000 Body Glove Water Filter System Receives NSF/ANSI Standard 401 Certification for Pharmaceutical Emerging Contaminant Reduction 2Health News:Water, Inc.’s BG-12000 Body Glove Water Filter System Receives NSF/ANSI Standard 401 Certification for Pharmaceutical Emerging Contaminant Reduction 3Health News:Net Pistol Continues Success Serving Mobility Dealers 2Health News:The Advanced Fertility Center of Chicago Opens a New Fertility Office Location in Chicago 2Health News:Bellabeat debuts the LEAF - smart jewelry that monitors women’s health. 2Health News:Bellabeat debuts the LEAF - smart jewelry that monitors women’s health. 3
... MONDAY, May 9 (HealthDay News) -- Seniors can undergo weight-loss ... new research shows. "Age did not seem to be ... it did predict a longer period of hospital stay," said ... findings Monday at Digestive Diseases Week in Chicago. Research presented ...
... step in the processing of HIV within cells appears to ... recognize and destroy infected cells. Researchers at the Ragon ... as HIV proteins are broken down within cells, a process ... CD8 T cells there is a great variability in ...
... cancer whose disease has spread locally from inside ... treated with radiation therapy. However, disease recurs in ... the efficacy of this treatment and thereby decrease ... Shawn Lupold and colleagues, at Johns Hopkins University ...
... Stephen L. Boehm II, Ph.D., associate professor of psychology ... Indianapolis, has been named the 2011 Young Scientist of ... Society. The award will be presented May 13 at ... Boehm, a behavioral neuroscientist, is being honored for his ...
... Most strategies to assist the hungry, including food banks ... Program, are short-term, emergency solutions. Those who rely on ... foods, which lead to poor diet choices, nutritional deficiencies ... Missouri says the production of sustainable, locally grown foods ...
... 9 (HealthDay News) -- College athletes who play high-intensity ... greater risk for gastrointestinal disorders than other students and ... study, which was slated for presentation Sunday at the ... and female athletes and non-athletes. Researchers at Drexel ...
Cached Medicine News:Health News:Weight-Loss Surgery Seems No Riskier for Seniors 2Health News:Step in breakdown of HIV proteins essential to recognition, destruction of infected cells 2Health News:IUPUI behavioral neuroscientist receives international award for alcoholism research 2Health News:IUPUI behavioral neuroscientist receives international award for alcoholism research 3Health News:Availability of local food key to improving food security 2Health News:Some College Athletes More Prone to GI Disorders 2
(Date:5/26/2015)... Clinicient Inc , a leader ... results of an industry survey of how efficiently ... practice owners and administrative staff completed the brand-neutral ... technology and services that improve therapist efficiency. ... published a free 12-page guide to help physical ...
(Date:5/26/2015)... DUBLIN , May 26, 2015 /PRNewswire/ ... http://www.researchandmarkets.com/research/nghdvl/north_american ) has announced the addition of ... Entry Market by Type (Integrated Computerized Physician ... by Component (Hardware, Software, Services) - Forecast ... offering.      (Logo: http://photos.prnewswire.com/prnh/20130307/600769) , ...
(Date:5/26/2015)... 26, 2015  EndoChoice today announced the launch of ... common stock, which will represent 25.6% of its outstanding ... Delaware corporation in connection with the offering. ... be between $15 and $17 per share. The underwriters ... to purchase up to an additional 937,500 shares of ...
Breaking Medicine Technology:Survey: Half of Physical Therapists Underbill For Their Services 2North American Computerized Physician Order Entry Market 2015-2019 2EndoChoice Announces Launch of Its Initial Public Offering 2
... Crisis of Prematurity , , , ... June 16 The widespread use of fertility drugs, not just high-tech laboratory ... premature birth in the United States , experts said today at the March of ... , Working with experts ...
... June 16 The Regence Foundation announced today it has ...  The award recognizes leaders in the field of palliative care . ... grant associated with the award to support continued advancements in palliative care. ... Palliative care is ...
Cached Medicine Technology:Fertility Drugs Contribute Heavily to Multiple Births 2Fertility Drugs Contribute Heavily to Multiple Births 3Regence Foundation Honors Palliative Care Leaders 2Regence Foundation Honors Palliative Care Leaders 3
Curved shafts with 4 mm tying platform. Serrated handle with dull finish. Manufactured in titanium. Overall length 3.3 inches....
Angled Castroviejo handle. Manufactured in titanium. Overall length 4.2 inches....
Titanium. Straight shafts with 6.5 mm tying platform. Round knurled handle with dull finish. Overall length 4.4 inches....
Titanium. Curved shafts with 5.5 mm tying platform. Round knurled handle with dull finish. Overall length 4.3 inches....
Medicine Products: