Disbarred attorney Jack Thompson says that he plans to lead a shareholder revolt against Take-Two Interactive chairman Strauss Zelnick.
Of course, disbarred attorney Jack Thompson says a lot of things...
In this case, Thompson claims in an e-mail that he just scooped up some T2 shares at their current, distressed price:
TTWO is today trading at about $7 per share. Zelnick blew it. Thompson today bought a bunch of Take-Two stock at the $7 figure.
The reason Thompson has done this is to lead the effort by Take-Two shareholders to dump Zelnick. It is long overdue, and there are already rumblings that Zelnick’s tenure at Take-Two has been a disaster, as anyone still holding stock that could have been sold at $26 and is now worth $7 and falling, can attest.
In the letter, Thompson refers to the Z-man as an "incompetent, reckless goofball," which is pretty funny, coming from someone with Thompson's track record.