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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Hartman Shareholder Alliance Reveals SEC Rejection of Silver Star Properties REIT (SLVS) Proxy Filing, Cites Legal Violations and Urges Board Removal

SEC FINALLY CAUGHT SILVER STAR June 25, 2025 Dear Shareholders, On June 23rd the Securities and Exchange Commission notified Gerald
Jun 26, 2025
activistletters

Silver Star Properties REIT (SLVS) Faces Hartman Alliance Activist Push Over Failed Strategy, Debt Burden, and Whistleblower Allegations

Summary On June 24, 2025, the Hartman Shareholder Alliance criticized Silver Star Properties REIT for reckless capital deployment, highlighting the
Jun 26, 2025
activistletters

Hartman Shareholder Alliance Slams Silver Star Properties REIT (SLVS) for Reckless Acquisitions and Mismanagement, Urges Shareholders to Remove Current Leadership

SILVER STAR FAILS REAL ESTATE 101 June 24, 2025 Dear Shareholders, You buy real estate to put your money to
Jun 26, 2025
activistletters

Silver Star Properties REIT (SLVS) Faces Activist Push From Hartman Shareholder Alliance Over Governance, Disclosure, and Accountability

Summary On June 26, 2025, the Hartman Shareholder Alliance accused Silver Star Properties REIT of serious transparency failures and legal
Jun 26, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties REIT (SLVS) of Transparency Failures and Legal Violations, Calls for Board Overhaul

TO THE SHAREHOLDERS OF SILVER STAR PROPERTIES REIT, INC. FROM: THE HARTMAN SHAREHOLDER ALLIANCE RE: LACK OF TRANSPARENCY & LEGAL
Jun 26, 2025
activistletters

Sonim Technologies (SONM) Faces Proxy Fight as Orbic and AJP (19% Stake) Push Leadership Change, Criticize Poor Strategy and Governance

Summary On June 26, 2025, AJP Holding and Orbic North America, owning ~19% of Sonim Technologies, issued a letter urging
Jun 26, 2025
activistletters

Orbic and AJP Slam Sonim Technologies (SONM) Leadership, Nominate New Board, Push $25M Buyout Plan to Restore Shareholder Value

June 26, 2025 Dear Fellow Stockholders, Our message is simple: ● WE ARE STOCKHOLDERS LIKE YOU: We are your fellow stockholders
Jun 26, 2025
activistletters

Sonim Technologies (SONM) Faces Pressure From Shareholder Orbic Over Governance and Strategy, Backed by 19% Stake and Financing Commitment

Summary On June 26, 2025, Orbic North America reiterated its interest in acquiring Sonim Technologies’ assets for $25 million, proposing
Jun 26, 2025
activistletters

Orbic Proposes $25M Bid for Sonim Technologies (SONM), Criticizes Social Mobile Deal and Urges Board to Pursue Higher-Value Transaction

June 26, 2025 BY EMAIL AND OVERNIGHT DELIVERY Mr. Mike Mulica Chairman Sonim Technologies, Inc. 4445 Eastgate Mall, Suite 200,
Jun 26, 2025
activistletters

Silver Star Properties REIT (SLVS) Faces Activist Campaign as Thomas–Longnecker–Hartman Team Pledges Governance Reform and Shareholder Payouts

Summary On June 20, 2025, the Hartman Shareholder Alliance urged shareholders to support a new board slate—Thomas, Longnecker, and
Jun 24, 2025
activistletters

Hartman Shareholder Alliance Urges Election of New Silver Star Properties REIT (SLVS) Board to Execute Transparent Liquidation and Capital Return

RIGOROUS CORPORATE GOVERNANCE AND RETURN OF CAPITAL June 20, 2025 Dear Shareholders, The new slate of Silver Star Board of
Jun 24, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties REIT (SLVS) of Poison Pill Abuse and Illegal Voting Manipulation

Summary On June 23, 2025, the Hartman Shareholder Alliance accused Silver Star Properties REIT’s Board of triggering a poison
Jun 24, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties REIT (SLVS) of Abusing Poison Pill to Rig Vote, Urges Shareholders to Oust Board

SILVER STAR ATTEMPTS TO POISON THE SHAREHOLDER VOTE The Silver Star Board Campaigns To Stay In Office Through Illegally Reallocating
Jun 24, 2025
activistletters

Askeladden Capital and Samir Patel Challenge AstroNova (ALOT) Board for Breach of Trust, Entrenchment, and Failure to Address Shareholder Value

Summary On June 24, 2025, Samir Patel and Askeladden Capital criticized AstroNova's Board for breaching confidentiality and misrepresenting
Jun 24, 2025
activistletters

Askeladden Capital Slams AstroNova (ALOT) Board for Breaching Confidentiality and Stonewalling Change, Urges Shareholders to Support Director Overhaul

Samir Patel and Askeladden Capital Management LLC issued the following news release containing an open letter to AstroNova shareholders: AstroNova’
Jun 24, 2025
activistletters

Findell Capital Escalates Proxy Fight at Oportun (OPRT) as Founder Gutierrez Slams Governance, Urges Shareholders to Support Board Refresh

Summary Findell Capital’s June 23, 2025 presentation pushes back against Oportun’s defense, stressing that founder James Gutierrez endorsed
Jun 23, 2025
activistletters

Oportun (NASDAQ: OPRT) Founder James Gutierrez Backs Findell Capital, Calls for Warren Wilcox Board Seat and Removal of 36% Rate Cap

Company Name: Oportun Financial Corp Symbol: OPRT Filing Date: Jun-23-2025 Filer Name: Findell Capital Management LLC Download PresentationFindell-Oportun-Jun-23-2025.pdf3 MBdownload-circle
Jun 23, 2025
activistletters

Barnwell Industries (BRN) Faces Activist Push as Sherwood Group Urges Governance Reform, Settlement, and Independent Representation

Summary On June 20, 2025, Sherwood Group, holding ~29.9% of Barnwell Industries, criticized the board’s continued delays of
Jun 20, 2025
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