Mamma.com Comes Back as Copernicposted by MR WAVETHEORY at 9/26/2007 11:23:00 AM
Copernic Inc., (NASDAQ: CNIC), formerly known as Mamma.com Inc., a leader in internet search technology and online advertising, announced that the United States Securities and Exchange Commission (“SEC”) has informed the Company by letter that it has completed its investigation of the Company concerning certain trading in the shares of the Company in 2004, and that the SEC does not intend to recommend enforcement action against the Company.
“The Company is pleased with SEC’s decision to close the investigation,” said David Goldman, Executive Chairman of the Company. “The successful conclusion of the SEC investigation will allow the Company to remain focused on executing its core business strategy in internet search technology and online advertising, for the benefit of its shareholders”
What a colorful company. I still can't figure out what the company does except pay fat salaries to their executives and chase after the latest fad. Revenue is flat. Company is losing money. It seems to exist so that the executives can sell stock every few months or so. :-)