The iPix announcement, made on August 2, came on the heels of the resignation of three iPix board members — Laban Jackson, director and member of the audit committee, resigned on July 6; Andrew Seamons resigned on July 17; and David Wilds, chairman, resigned July 19. No reason was given for their departures. The firm had entered into an agreement for a private stock placement that was expected to create $US5 million with which to fund ongoing operations. According to the Washington Business Journal, iPix reported a loss of $3.8 million during the first quarter of this year.
Category:
ArticlesIpix Files For Chapter 7 Protection
Previous article
Next article
AUTHOR
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.
TODAYS WEATHER
29.8
C
Sydney
28.5
C
Canberra
27
C
Darwin
15.7
C
Hobart
29.6
C
Perth
25.2
C
Brisbane
18.3
C
Auckland
13.4
C
Melbourne
RECOMMENDED
- Advertisement -