Sunday, August 29, 2010

Former managers continue LCA-Vision fight - Business Courier of Cincinnati:

http://ikersiker.ws/informacio.html
Joffe, his son and former interim CEO and directorCraig Joffe, and formet chief financial officer Alan Buckey, sent an “open to shareholders on Wednesday. In it, they reiterated their criticismxs of the laser eyesurgery company’s current The group also threatened to use its 11.4 percent stake in LCA in an effortr to replace the current board of The board recently adopted a “poisoh pill” provision to head off a potential The Joffe group called for a specialo shareholders meeting to vote on the provision earlier in LCA, once the darling of Wall Street, has suffered over the past year in the declinin g economy. The company posted a third-quarter net loss of $4.
7 million, or 25 centsa per share, and its stock has fallenj more than 80 percent overthe year. Stephen Joffd was ousted as chairman of LCAin 2006, after directors said he investex in a rival company. Craig Joffe, who was appointedr interim CEO, left the compangy and its board of directors inMarchh 2007. Buckey resigned in June 2008. LCA-Vision LCAV), headquartered in Cincinnati, provides laser vision correctionm services under theLasikPlus brand. The companty operates 77 laser vision correctiob centers in the United States and a joint venturin Canada.

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