Media Cool 6 on Friday fell 4.58%, to close at $ 2.92. Lishan by its CEO departure news, the stock fell 9.48% that is opened, once dropped $ 2.60, then gradually stabilized recovery session, the stock that day had the largest decline of 15%.
Yesterday afternoon, according to sources, due to Mr. Chen, chairman of Shanda Network Development Strategy to cool 6 disagreement, due to serious differences Ku6 Lishan founder and CEO will step down as CEO.
According to the latest disclosure Ku6 earnings, Ku6 Cash and cash equivalents at the end of 2010 was approximately $ 27,300,000, and its business consumption is about 9.8 million U.S. dollars. Cool 6 network in the case of continuous losses, pursuant to its cash projections can support about three quarters of operating expenses.
6 Cool Media stock opened at $ 2.97 Friday, down $ 0.29, down 9.48%, over the past 52 weeks, 6 cool price of $ 8.40 maximum media, the minimum price of 2.6 U.S. dollars.
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