February 21, 2017 / 2:30 PM / 5 months ago

BRIEF-David Richmond reports 10.8 pct stake in Rockwell Medical

1 Min Read

Feb 21 (Reuters) - Rockwell Medical Inc:

* David Richmond reports 10.8 percent stake in Rockwell Medical Inc as of Feb 20 - sec filing

* David Richmond - purchased Rockwell Medical Inc's shares based on belief that shares, when purchased, were undervalued

* David Richmond-believe that Rockwell Medical remains significantly undervalued in large part due to poor corporate governance practices,operational missteps by management team,board

* David richmond-intend to engage in discussions with rockwell medical's management, board, stockholders,other interested parties regarding capital allocation,strategic plans Source text - bit.ly/2lHWP2Z Further company coverage:

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